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Founded
2015
Headquarters
Mumbai (India)
Status
Series D
Company Details
Servify is a prominent player in the device management and aftersales service industry. And it’s not just working in India. You’ll find Servify’s presence in markets like North America, Europe, China, Turkey and the Middle East too. It works closely with both brands and everyday users, handling everything from warranty claims and protection plans to trade-in programs and repairs. Its unique value proposition is that these services are into a brand’s existing customer journey offering tailored solutions that actually feel like part of the brand, not bolted on later.
Core Products & Services
Protection Without The Paperwork: Servify builds coverage plans that are tailored for specific brands. It could be extended warranties, accident damage protection, or something more niche.
Easy Trade-Ins: Servify makes upgrading easier through its buyback programs. You hand in the old one, they take care of the rest—reducing waste and helping you save on your next device.
Support That Sticks Around: For people who like to keep their bases covered, Servify offers subscription-based plans. These provide ongoing support, coverage and peace of mind—all for a recurring fee.
Revenue Without The Heavy Lifting: They partner with major electronics brands and retailers and make money through commissions when services are sold through their platform.
Business Model & Revenue Streams
Protection plans: Direct-to-consumer and brand-partnered protection plans
Buyback programs: Where old devices are exchanged for new
Subscription models: That keep support active over time
Commissions: Brand collaborations and service marketplaces
Key Metrics
Total Equity Funding
$165 Million
No. of Funding Rounds
14
Latest Funding Round
$7.8 Million, Series D
as of March 20, 2025
Post Money Valuation
$852M
as of August 28, 2024
Funding Multiple
5.1
as of August 28, 2024
Investors
Beenext
and 3 moreEmployee Count
554
Similar Companies
GreyLabs
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| March 20, 2025 | Series D | $7.8 Million | - | - | - | Beenext, Singularity Ventures AMC |
| August 28, 2024 | Series D | $4 Million | $852 Million | - | - | Trifecta Capital, Innoven Capital |
| April 26, 2023 | Series D | $18.3 Million | $853 Million | $77.7 Million | 10.5x | Trifecta Capital, Iron Pillar, IP Holdings, Innoven Capital |
| January 13, 2023 | Series D | $2.4 Million | $662 Million | $70.7 Million | - | CE Venture Capital, Trifecta Capital |
| April 1, 2022 | Series D | $65 Million | - | - | - | Singularity Ventures AMC, Iron Pillar, Beenext, Blume Ventures, DMI Sparkle Fund, Trifecta Capital, IP Holdings |
| May 12, 2021 | Series D | $19.8M | $543.0M | $29.5M | 2.8x | Iron Pillar, Beenext, DMI Sparkle Fund, Chartered Finance and Leasing, Dinesh Mody Ventures, Massaleh Investment Company K.S.C, Blume Ventures, Baldota Family Office |
| June 17, 2020 | Series C | $23 Million | - | $14.1 Million | - | Iron Pillar, Blume Ventures, Beenext, 57 Stars, DMI Sparkle Fund, Singularity Ventures, Trifecta Capital, Singularity Ventures, GO VC, SF Roofdeck Capital |
| September 3, 2019 | Series B | $5.1 Million | $56.3M | $7.6M | 5.5x | Blume Ventures, 3F Ventures, Iron Pillar |
| August 28, 2018 | Series B | $15 Million | - | $3.9 Million | - | Iron Pillar, Beenext, Blume Ventures, Trifecta Capital |
| October 24, 2017 | Series A | $2.6 Million | $20.8 Million | $1.8 Million | - | Blume Ventures, Beenext, 3F Ventures |
| September 28, 2016 | Seed | $1.3M | $10.7M | $110.0K | - | Blume Ventures, Beenext, TM Service Technology Holdings |
| January 30, 2016 | Seed | $530 K | $4.5 Million | - | - | Blume Ventures, TM Service Technology Holdings |