Servify Raises $23 Million In Series C Round Of Funding
Published on 24th Sept, 2020 | 1 min read
Mumbai-based Servify has raised $23 million in its series C round of funding led by existing investor Iron Pillar and a host of other investors. All the existing investors Blume, Beenext and Tetrao SPF participated in the round along with new investors who joined the cap table Global Alternatives Investor 57 Stars, strategic investors like Sparkle Fund, SF Roofdeck Capital LLC, Go Ventures and Madhu Kela Family Office. Servify’s existing Venture Debt provider Trifecta Capital also participated in the round. Founded in 2015 by Sreevathsa Prabhakar, Servify offers a digital platform to manage after-sales services for large white goods manufacturers. Currently, Servify counts brands like Bose, Godrej, Panasonic, Croma and most of the smartphone manufacturers like Nokia, OnePlus, Samsung and others as its clients. The company has to date raised close to $46 million through three funding rounds. With most of these manufacturers being global brands, Servify has managed to expand its work outside India too.
