PE Fund Investments
After-sales electronics service co. Servify raises $65-M from Singularity, AmTrust, others
Mumbai-based “product lifecycle management†startup Servify has raised USD 65 million as part of its ongoing Series D funding round, led by Singularity Growth Opportunity Fund. AmTrust, family offices like that of Pidilite, and existing investors including Iron Pillar, Beenext, Blume Ventures and DMI Sparkle Fund also participated in the round. The funds will be used to grow the business in international markets and strengthen the technology platform that supports brands and consumers during product usage and support (damage protection, extended warranty) and product end-of-life events (trade-in, upgrade).
From the Venture Intelligence PE-VC Deal Database: Between Feb-16 and Jun-20, Servify had raised over USD 42 M from Blume Ventures, Iron Pillar, Beenext, Trifecta Capital, DMI Group, 57 Stars, Singularity AMC, SF Roofdeck Capital, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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