Servify, a prominent company specialising in post-sales services for consumer electronics, has successfully raised Rs 84 crore (approximately $10 million) in a new tranche as part of its Series D funding round. 

This round saw significant participation from major industry players, including Bajaj Holdings, Trifecta, and Innoven Capital. The funds were secured through a combination of equity and debt financing, reflecting strong investor confidence in Servify’s business model and growth prospects.

Moreover, the company’s Board has approved the issue of 500 non-convertible debentures and 1,16,555 compulsory convertible preference shares, totalling Rs 84 crore or $10 million. 

Of the total Rs 84 crore fundraised, Bajaj Holdings invested Rs 34 crore in the form of equity infusion. The remaining capital was invested by Innoven Capital and Trifecta through debt financing. 

Servify specialises in providing authenticated after-sales support for a wide range of consumer electronics, including mobile phones, personal gadgets, and home appliances. 

Through its platform, consumers can conveniently register their electronic devices with a single click, securely store purchase invoices, and access brand-authorised services throughout the product’s lifespan, even beyond the warranty period. 

This ensures a seamless and reliable after-sales experience, offering peace of mind to consumers by maintaining the quality and functionality of their devices over time.

The company’s headquarters is located in Mumbai, and it has gathered around $125 million in funds. 

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