Mumbai-based post-sales service provider Servify has raised Rs 84 crore (approximately $10 million) in a fresh tranche of its Series D round. The funds were secured through a mix of equity and debt from Bajaj Holdings, Trifecta Capital, and Innoven Capital.
According to regulatory filings with the Registrar of Companies (RoC), Servify’s board passed a special resolution to issue 500 non-convertible debentures and 116,555 compulsorily convertible preference shares (CCPS) for the total consideration. Bajaj Holdings contributed Rs 34 crore through equity investment, while Trifecta Capital and Innoven Capital equally provided the remaining amount via debt financing.
Servify, known for its brand-authorized after-sales support, enables consumers to manage post-purchase services for mobile phones, personal gadgets, electronics, and home appliances. The platform offers a comprehensive service that allows users to store purchase bills, register household electronic devices, and access authorized services during or beyond the warranty period.
To date, Servify has raised approximately $125 million, with $65 million already secured in the ongoing Series D round led by Singularity Growth Opportunity Fund in 2022. This latest infusion of funds will further bolster Servify’s capacity to enhance its service offerings and expand its market presence.
