Private Equity

PE Fund Investments

Post-sales service player Servify to raise $7.8 M at $700-M valuation led by Beenext

Entrackr   Servify  

Mumbai-based post-sales service firm Servify is raising INR 66.27 crore (approximately USD 7.8 million) in its ongoing Series D round led by Beenext Capital with the participation of Singularity Growth Opportunities Fund.Servify would issue 2,27,170 Series D3 CCPS (Compulsorily Convertible Preference Shares) at INR 2,917 each to raise INR 66.27 crore.Beenext Capital, through its BEE Accelerate Fund-2, will invest INR 48.27 crore, with the rest coming from the Singularity Growth Opportunities Fund.Servify offers brand-authorized after-sales support for mobile phones, personal gadgets, electronics, and home appliances. The platform allows consumers to add their household electronic gadgets onto the platform, store the bills, and access authentic brand-authorized service during or beyond the warranty period.

Between Feb 2016 and Aug 2024, Servify had attracted about USD 160 M from Beenext, Blume Ventures, DMI Group, Iron Pillar, Pidilite Group, Singularity AMC, CE-Ventures, Others