Monday, September 26, 2022
HomeInsightFunding Alert Wify raises $2 mn in Pre-Series A round

[Funding alert] Wify raises $2 mn in Pre-Series A round

Wify, a full-stack tech platform has raised $2 million in its pre-Series A funding round from Blume Founders Fund and Unitus Ventures.

Wify, a full-stack tech platform has raised $2 million in its pre-Series A funding round from Blume Founders Fund and Unitus Ventures.

Other investors including Singularity Ventures and HePo NL, also participated in this round.

The company plans to use the funds to further strengthen its technology and invest in the skills of blue-collar workers associated with the company.

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The Mumbai-based Wify was founded in 2019 by Vikram Sharma and Deepanshu Goel, It is a full-stack tech platform for B2B and B2C post-purchase home furnishing services.

“India is yet to become a DIY market. Wify is built to provide a full-stack tech-enabled platform for brands to meet customer expectations throughout the product life cycle. We are excited to partner with Unitus Ventures and Blume Founders Fund, as we prepare for the next chapter in our journey,” said, Vikram Sharma, CEO and co-founder, Wify.

The company aims to strengthen its existing customer base and categories, expand into new categories such as smart home, commercial space and industries over the next three years, while increasing the company’s geographic footprint across the country.

“Wify’s superpower is investing in a great blue-collar workforce, training and skilling them to become future-ready. We completely align with Wify’s vision towards expanding into different sectors and impacting the lives of a growing section of the 400 million blue-collar workers across India,” said, Karthik Reddy, partner, Blume Ventures.

Read also – [Funding alert] Community management startup Threado raises $3.1 mn in funding

Presently the company is operating in 60 cities and earning a monthly revenue of around Rs 2 crore.

The company claims to have achieved more than three times growth in revenue by July 2022, serving over 200,000 households and having skilled and trained over 3,000 technicians.

“There is a $20 billion worth of demand for companies that are catering to brands and consumers for post-purchase services. With strong management and a combination of full-stack execution and SaaS, Wify has the potential to grab a large share of a growing market,” said Surya Mantha, managing partner, Unitus Ventures.

In July 2021, Wify had raised $2 million in its seed funding round from Unitus Ventures.

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About Wify

Wify is a technology platform helping Brands manage their post-purchase consumer experience, starting with initial assembly/installation to after sales service, to warranty management, throughout the product life cycle. Some of the leading brands such as IKEA, Amazon, Hettich, Livspace, Homelane trust us with managing their customers post purchase experience.

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