Servify Raises Pre-Series A Investment from Blume Ventures & Beenext
The investment round also saw participation from existing investors including Germany based Barkawi Holdings GmbH, TM Service Technology Holdings Gmbh and Sreevathsa Prabhakar, Founder of Servify.
Servify - a personal device management platform for gadgets, consumer electronics and home appliances, has announced that it has raised Pre-Series A investment led by Blume Ventures and Beenext. The investment round also saw participation from existing investors including Germany based Barkawi Holdings GmbH, TM Service Technology Holdings Gmbh and Sreevathsa Prabhakar, Founder of Servify.
Sreevathsa Prabhakar, Founder & CEO of Servify said, “Our vision is to build a platform where consumers can get seamless post-purchase experience for all their devices - be it mobile phones or electronics or any home appliances they own. To enable this, the Servify technology platform connects consumers with brands, resellers and the service ecosystem through deeper integrations. The fund raise will help in further enhancing our product, service and technology offerings.”
“We have doubled our user base recently and now manage over half a million devices on our platform. A major part of this investment will be deployed in aggressively building our product, engineering and business teams. We are also building a state-of-the-art centralized service and repair facility in Mumbai and have already received authorization from multiple brands for this. The facility is expected to go live in the first week of December,” added Pravin Jadhav, Chief Product & Growth Officer at Servify.
Karthik Reddy, Managing Partner at Blume Ventures said, "Blume was an early believer in Sreevathsa and team and is happy to be a co-lead in this round as well. With the additions of Pravin and other key team members, Servify continues to build a foundation for what will become a scalable business in device lifecycle management like we've never seen before. No one has attempted a full stack approach of purchase-to-disposal of electronics before, at this scale."
Teru Sato, Founder & Managing Partner of Beenext said, “What I value most about Servify is its great and experienced founder, their strong alliance network in the OEM & retail space, the problem they are solving with their platform approach and the kind of customer insights they are expected to generate in the process. We are very happy to partner with them in this journey.”
Started in late 2015, Servify is a Mumbai based startup that is building a device ownership platform to help users manage their post-purchase ownership experience of mobiles, personal gadgets, electronics and home appliances. The platform integrates with OEM brands, retailers, carriers and service providers to facilitate seamless after-sales service experience for customers.
Around The World