After-sales services startup Onsitego has raised an additional $30 mn in its Series B round from IFC. Avendus Capital was the financial advisor to Onsitego for this transaction.Onsitego will be using the freshly raised funds to consolidate its market position and strengthen its B2C offerings like AMC, home protection. and on-demand services.
Jun Zhang, Country Head India at IFC, said in a statement: “India is one of the largest and fastest-growing appliances and consumer electronics (ACE) markets globally and the ACE protection market is significantly underdeveloped. There is a clear market need for innovative and customer-service-focused players like Onsitego to drive growth in this market.”