Servify raises $23M in Series C led by Iron Pillar

Servify, a Mumbai-based device lifecycle management platform, has raised $23 mn in its Series C funding, led by existing investor Iron Pillar, an India-focused venture growth investor, from its recently concluded Top-Up Fund.

With its subsidiaries in eight countries, Servify runs device protection programmes for Apple, Samsung, OnePlus, Xiaomi, Nokia, Motorola, Airtel, etc., and also runs device exchange/buyback programmes for Apple, Samsung, and OnePlus across its authorised sales channels.

“It is very satisfying as we have more than quadrupled our revenue in 2020 to date, and raised funds for expansion even during the tough economic climate. This further strengthens our belief that we have built a globally scalable sound business, that is not only trusted by large brands but also the investor community,” said Sreevathsa Prabhakar, Founder, Servify.

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