Startup City Magazine

Servify Raises an Undisclosed Amount of Pre-Series A Investment

Bengaluru: Personal Device Management startup, Servify, announces an undisclosed amount of Pre-Series A investment raised from Blume Ventures, Barkawi Group, BEENEXT, TM Service Technology Holdings and Sreevathsa Prabhakar. This fresh investment will fuel up the company’s mission to deliver promise of an empowering device lifecycle ownership. Blume Ventures was also the seed investor for Servify.

Speaking on the occasion Sreevathsa Prabhakar, Founder & CEO of Servify, says, “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 raised will help in further enhancing our product, service and technology offerings”.

Incorporated in 2015 by Sreevathsa, Servify is a Mumbai based startup and aims to work as a personal assistant for all electronic gadgets and household appliances owned by consumers. The Servify app helps to store bills and warranty on cloud, and also connects with brand authorized service centres when consumers need a repair. From the first version of its commercial product launch in March this year, Servify has over half a million devices managed on their technology and service platform. 

Karthik Reddy, Managing Partner at Blume Ventures, says, “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”.

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