Servify Raises $15M in Series B Funding

servifyServify (Service Lee Technologies Pvt Ltd), a Mumbai, India-based tech platform built to improve service experience across product categories, starting with electronic devices, raised $15m in Series B funding.

The round was led by Iron Pillar, an India focused venture growth investor, with participation from existing investors Beenext and Blume Ventures.

The company is using the funds to add senior managers and build new technology solutions for its clients.

Led by Sreevathsa Prabhakar, Founder and CEO, Servify is currently redefining post purchase ownership experience for customers of global and Indian device brands, retailers, distributors and carriers. It uses a set of software and technology solutions for device brands to deliver an improved customer experience.

Servify has built a nearly profitable business in India, has recently launched operations in the U.S. and is setting up operations in Europe. The company currently works with a number of top device brands, retailers, distributors, insurers, service providers and carriers such as Amazon, AmTrust, Apple, Croma, Godrej, Huawei, Ingram Micro, Motorola/Lenovo, Nokia, OnePlus, OPPO, Panasonic, Redington, Reliance Jio, Reliance Retail, Xiaomi to name a few.

Led by Anand Prasanna, Managing Partner, Iron Pillar is a venture growth investor specializing in mid stage technology companies in India. It provides growth capital to proven businesses in the enterprise and consumer tech sectors, focusing on Series B, C and D capital raises, as lead investors.



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