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- Servify
Servify Revenue, Valuation, Funding & Investors
Servify is valued at $654M as of March 2025.
Last Servify valuation
$654M
Series D · Mar 2025
Last Servify funding round
$5M
Series D · Jan 2026
Servify revenue
$65M
Series D · Aug 2024
Key investors in Servify
Blume Ventures
BEENEXT
Iron Pillar
Singularity AMC
Tetrao
Trifecta Capital Advisors
About Servify
Servify is an India-headquartered platform for after-sales service management of consumer electronics and appliances. Launched in Mumbai, it connects users with authorized service centers via a mobile app that stores warranties, bills, and service histories on the cloud. The company partners with brands like Samsung, LG, and Sony to handle repairs, maintenance, and spare parts logistics across India and international markets including the US and Middle East. Servify serves millions of devices through its ecosystem of 50,000 technicians.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Services
Revenue
$65M (Aug 2024)
Valuation
$654M (Mar 2025)
Servify Valuation
Servify is currently valued at $654M, based on its Series D in March 2025.
The $8M round was led by BEENEXT, with participation from Singularity AMC.
Servify's valuation has grown 63x from $10M at its Series D in April 2023 to $654M in March 2025, across 3 priced rounds.
Servify valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2025 | Series D | $654M | - |
| Aug 2024 | Series D | $839M | 12.9x |
| Apr 2023 | Series D | $10M | - |
Servify Revenue
Servify's latest recorded revenue is $65M, as of its Series D in August 2024. At a $839M valuation, that implies a 12.9x revenue multiple.
Servify revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2024 | $65M | $839M | 12.9x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Servify Funding History
Servify has raised a total of $133M across 8 funding rounds.
Servify's first fundraising round was a $15M Series B in August 2018. The most recent completed round was a $5M Series D in January 2026.
Servify funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series D | - | $5M | - | Servify is a Mumbai-based device lifecycle management platform that provides after-sales services and remote diagnostics for consumer electronics and OEM partnerships. The company has developed over 20 patents, including video-based diagnostics technology for remote damage identification. In FY24, Servify reported revenue of ₹759 crore (approximately $91 million USD), representing 24% year-over-year growth from ₹613.4 crore in FY23. The company significantly reduced net losses from ₹229.1 crore in FY23 to ₹93.8 crore in FY24, with projections to reach ₹1,000 crore in revenue for FY25. Servify has raised $138 million across 13 funding rounds to date, with major investors including Iron Pillar, Beenext, and Blume Ventures. The company's most recent confirmed funding was a Series D-IV round of $7.67 million in March 2025. As of August 2024, Servify's valuation was reported at approximately $850 million. The company is preparing for an initial public offering targeted for 2026, with plans to raise an additional $100 million in a pre-IPO funding round at a discount to the anticipated IPO valuation, which is targeted between $1.5 billion and $2.3 billion. Servify plans to file its draft red herring prospectus (DRHP) with SEBI within six months to facilitate the public listing. |
| Mar 2025 | Series D | BEENEXT (lead); Singularity AMC | $8M | $654M | Servify, operated by Mumbai-based Service Lee Technologies, is a post-sales service platform specializing in device management and warranty solutions for consumer electronics. The company secured INR 66.27 crore (USD 7.8 million) in its Series D3 funding tranche, led by BEENEXT Capital via BEE Accelerate Fund2 with INR 48.27 crore, and participation from Singularity Growth Opportunities Fund. The board approved the issuance of 227,170 Series D3 Compulsorily Convertible Preference Shares (CCPS) at INR 2,917 each on February 28, 2025, confirmed at a shareholders meeting on March 17, 2025. The company's overall valuation stands at Rs 5,660 crore. Funds will expand the business, improve technology, repay debt, and pursue acquisitions. This extends an ongoing Series D round that has raised over USD 135 million to date, with prior tranches including USD 65 million led by Singularity. |
| Aug 2024 | Series D | Bajaj Holdings & Investment Limited (lead) | $4M | $839M | Servify is a Mumbai-based post-sales service firm providing brand-authorized after-sales support for electronic devices. In August 2024, it raised INR 84 crore ($10 million) in a Series D funding tranche with INR 34 crore equity from lead investor Bajaj Holdings & Investment Limited and debt from Trifecta and Innoven Capital. The company issued 1,16,555 compulsorily convertible preference shares and 500 non-convertible debentures. Post-allotment valuation reached INR 7,074 crore ($852 million). Servify reported INR 611 crore in revenue for FY23 ending March 2023, reflecting 95% year-on-year growth, though it posted net losses of INR 229 crore. Total funding raised to date nears $125 million, including $65 million in the ongoing Series D led by Singularity Growth Opportunity Fund. |
| Apr 2023 | Series D | Crescent Enterprises Venture Capital (lead) | $2M | $10M | - |
| Aug 2022 | Series D | Pidilite; BEENEXT; AmTrust Financial Servs; Blume Ventures; DMI AIF Sparkle Fund; Iron Pillar; Block | $65M | - | Servify is a Mumbai-based device management and after-sales service platform founded in 2015 by Sreevathsa Prabhakar, providing protection plans, extended warranties, trade-ins, upgrades, financing, and lifecycle management for devices from brands like Apple, Samsung, OnePlus, and over 180 OEMs. It operates in 40-49 countries including India (60% of revenue), North America, Europe, UK, Turkey, Middle East, and plans expansion to Latin America and Japan, with over 700 employees globally. The company handles 3.4 million monthly transactions and serves 4.8 million consumers as of end-FY22, targeting 10 million by fiscal year-end, while extending to home appliances and electric vehicles. On August 23-24, 2022, Servify raised $65 million in an ongoing Series D round led by Singularity Growth Opportunity Fund, with participation from AmTrust Financial Services, Pidilite’s family office, and existing investors Iron Pillar, BEENEXT, Blume Ventures, and DMI AIF Sparkle Fund (also called DMI Sparkle Fund). Initially targeting $50 million, the round may see additional investors. Servify reported an annual revenue run rate of over $130 million USD at the time, with 60% from India and the rest international, aiming for 90% international revenue in two years through geographic expansion and deeper penetration. The funds will support international growth, tech platform strengthening, new affordability offerings like no-cost EMIs, and potential acquisitions for market entry and capabilities. The company was on track to turn operationally profitable within months and eyed an IPO in 18-24 months. Servify's model generates annuity income from consumers and OEMs via data-driven tech for product lifecycle services in a $100 billion+ market, positioning it for global leadership in device protection and management amid rising OEM and consumer focus on after-sales. |
| Sep 2020 | Series C | Iron Pillar (lead); SF Roofdeck Capital; Synergy Capital Partners; Singularity Ventures; Madhu Kela Family Office; BEENEXT; 57 Stars; Blume Ventures; Trifecta Capital Advisors; Tetrao; GO Ventures; The Sparkle Fund | $23M | - | Servify is a device lifecycle management platform providing white-label warranty, after-sales support, device protection, and exchange programs for leading smartphone OEMs like Apple, Samsung, OnePlus, Xiaomi, Nokia, Motorola, and Airtel. It operates in eight countries with products sold at 43,000 outlets in India and has expanded to over 50 countries with a lean team of around 350, mostly in product and tech. The platform integrates OEM brands' sales and service ecosystems to enhance after-sales experiences globally. On September 23, 2020, Servify raised $23 million in a Series C funding round led by existing investor Iron Pillar from its Top Up Fund, with participation from existing investors Blume Ventures, Beenext, Tetrao SPF, and Trifecta Capital (venture debt provider), plus new investors including 57 Stars, Sparkle Fund (DMI Finance arm), SF Roofdeck Capital (Silicon Valley Investment Bank arm), Go Ventures (Go PLC arm), and Madhu Kela Family Office. This brought total funding to approximately $46-48 million across rounds. Proceeds are earmarked for global expansion, entering new markets via licenses and regulatory fees, working capital, team growth, platform development, and pushing into the home appliance segment. Servify reported revenues quadrupling since March 2020 amid COVID-19-driven digitization shifts in sales and after-sales services, with channel behavior changes fueling growth despite slowed buyback momentum. The company projected around $30 million in revenue for fiscal year 2021 (ending March 2021) and a $7 million monthly revenue run rate by year-end. Iron Pillar's Anand Prasanna highlighted Servify's unique positioning with no pure comparables, its software solving complex after-sales challenges for premium brands, and strong execution amid pandemic headwinds. Founder Sreevathsa Prabhakar emphasized the scalable model trusted by brands and investors, enabling fundraising in a tough economy. |
| Jun 2020 | Series C | Iron Pillar (lead); Singularity AMC; Blume Ventures; Tetrao | $11M | - | Servify is a device lifecycle management platform that integrates multiple OEM brands and their sales and service ecosystems to deliver after-sales service experiences. The company partners with leading manufacturers including Apple, Samsung, Xiaomi, Nokia, and Motorola across over 50 countries, with more than 43,000 retail locations connected and over 16,000 service partners integrated. In September 2020, Servify raised $23 million in Series C financing led by Iron Pillar, with participation from existing investors Blume Ventures, Beenext, and Tetrao SPF, alongside new strategic investors including 57 Stars, Sparkle Fund, SF Roofdeck Capital LLC, Go Ventures, and the Madhu Kela Family Office. The company reported that its revenue had more than quadrupled in 2020 up to the funding announcement date, demonstrating strong growth momentum during the economic downturn. The capital was designated for global expansion and technology platform enhancement to support the company's growth trajectory. |
| Aug 2018 | Series B | Iron Pillar (lead); BEENEXT; Blume Ventures | $15M | - | - |
Who has invested in Servify?
19 investors have backed Servify across its funding rounds, including Blume Ventures, BEENEXT, Iron Pillar, Singularity AMC, Tetrao and Trifecta Capital Advisors.
Lead investors include BEENEXT, Bajaj Holdings & Investment Limited, Crescent Enterprises Venture Capital and Iron Pillar.
Servify Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Aug 2018 | ||
| 4 | Participant | Aug 2018 | ||
| 4 | Lead | Aug 2018 | ||
| 2 | Participant | Jun 2020 | ||
| 2 | Participant | Jun 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Lead | Apr 2023 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| -- | 1 | Participant | Sep 2020 | |
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Aug 2022 | ||
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Start Free TrialAcquisitions by Servify
Servify has acquired 4 companies to date.
Last acquisition by Servify was on January 5th 2023. Servify acquired Jubi for undisclosed valuation.
Latest Acquisitions by Servify
| Description | Jubi AI is a developer of Ultrabot, a versatile conversational AI agent for customer service and engagement. Deployable via web, mobile, or messaging channels, Ultrabot handles inquiries in multiple languages, integrates with Zendesk, Salesforce, and Shopify, and supports sectors like e-commerce and telecom. The platform uses natural language processing for personalized responses and analytics tracking. | 247around is a pan-India service provider for post-purchase home appliance support to e-commerce platforms and brands. Covering 4000 cities and 19500 pin codes, it handles warranty repairs, installations, maintenance contracts, returns validation, buybacks, and spares management for large appliances, TVs, and small devices. Gurugram-headquartered, the company integrates with stakeholders including Amazon, Flipkart, PayTM, Godrej, and Sharp, enabling seamless service journeys via technical APIs. | WebToGo is a Hamburg-based developer of multichannel customer self-service portals for mobile operators serving smartphones, tablets, and laptops. The company provides USSD, SMS, and web-based interfaces for tariff management, balance checks, and content purchases. Deployed by telecom providers in Europe and Africa, WebToGo's platforms process millions of daily transactions through integrations with billing systems like Ericsson and Huawei. | iService is a gadget repair provider offering on-site services for smartphones and laptops at customer homes alongside four brick-and-mortar centers. |
| HQ Country | ||||
| HQ City | Mumbai | - | Munich | Bangalore |
| Deal Date | 5 Jan 2023 | 22 Feb 2022 | 14 Apr 2021 | 3 Jan 2019 |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Servify acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Servify Competitors
Servify competitors include listed companies like VNG Corp. and Sercomm, and private ones like Autosys Industrial Solutions Private Limited, Wag, Pragmatic Semiconductor and SkyCell.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $420M | $23M | $657M | - | ||
| Private | - | - | $651M | - | ||
| Private | $61M | - | $650M | 10.7x | ||
| Private | - | - | $637M | - | ||
| Private | - | - | $635M | - | ||
| Publicly listed | $1.7B | $84M | $695M | 0.4x |
Servify Public Comps
Servify is still privately-owned, but its public comps include VNG Corp., Sercomm, Hello Group, Truecaller, Yuil Robotics, Queclink, Intelligo Technology, Gemtek Technology, CE Info Systems and Ependion.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $420M | $23M | 1.4x | - | 25.5x | - | |||
| $1.7B | $84M | 0.5x | 0.4x | 10.0x | 8.9x | |||
| $1.5B | $215M | - | - | - | - | |||
| $195M | $61M | 3.2x | 3.4x | 10.2x | 11.8x | |||
| $27M | ($16M) | 21.9x | - | (35.8x) | - | |||
| $133M | $12M | 4.8x | 4.2x | 51.7x | 29.5x | |||
| $50M | $20M | 8.4x | 8.4x | 20.8x | - | |||
| $518M | $17M | 0.9x | - | 26.8x | - | |||
This data is available for Pro users. Sign up to see all Servify competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Servify
| When was Servify founded? | Servify was founded in 2015. |
| Where is Servify headquartered? | Servify is headquartered in Mumbai, India. |
| Is Servify publicly listed? | No, Servify is a private, VC-backed company. |
| What is Servify's valuation? | Servify was last valued at $654M in its Series D in March 2025. |
| How much funding has Servify raised? | Servify has raised $133M across 8 funding rounds. |
| What was Servify's last funding round? | Servify's last funding round was a $5M Series D in January 2026. |
| Who are Servify's investors? | Servify's investors include BEENEXT, Blume Ventures, Iron Pillar, Singularity AMC, Tetrao, SF Roofdeck Capital, Crescent Enterprises Venture Capital, Pidilite, Synergy Capital Partners, Singularity Ventures and 9 others. |
| What is Servify's revenue? | Servify's latest recorded revenue is $65M (August 2024). |
| What is Servify's revenue multiple? | Servify's latest valuation implies a 12.9x revenue multiple ($839M valuation on $65M of revenue). |
| Which companies are comparable to Servify? | Companies comparable to Servify include VNG Corp., Autosys Industrial Solutions Private Limited, Wag, Pragmatic Semiconductor, SkyCell and Sercomm. |
| How many companies has Servify acquired? | Servify has acquired 4 companies, including Jubi, 247around, WebToGo and iService. |
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