Servify, an India-based device lifecycle management platform, has raised $23m in series C round including multiple corporate venturing units.
Strategic investors included Sparkle Fund, an investment unit of DMI Finance, SF Roofdeck Capital, part of investment bank FT Partners, Go Ventures, telecommunications company Go’s investment unit, and Madhu Kela Family Office as well as venture capital firms Beenext, Iron Pillar, Blume, Tetrao, and 57 Stars. Servify’s existing venture debt provider, Trifecta Capital, also participated in the round.
Servify previously raised $15m in its B round from Iron Pillar, Beenext and Blume Ventures.
Servify runs device protection programs for Apple, Samsung, OnePlus, Xiaomi, Nokia, Motorola and Airtel and also runs device exchange/buyback programs. Servify has subsidiaries in eight countries and said it would use the funding to scale up its global operations and further enhance its technology platform.
