Mumbai, India–(BUSINESS WIRE)–Servify, a Mumbai-based startup that works with multiple OEMs globally as a partner to deliver a superior product ownership experience, announces the acquisition of 247around, a unique service platform in India, specializing in the home service of household appliances, consumer electronics and household appliances. This acquisition will further strengthen Servify’s service delivery network beyond smart products and contribute to its expansion into new product categories.
Sreevathsa Prabhakar, founder of Servify, said, “We continue to look for like-minded people and complementary offerings to accelerate our growth. With 247around, we have not only onboarded a great team that is a perfect fit with our vision, but also a technology and fulfillment platform that will help us evolve the home appliances and electronics category. »
The acquisition brings 247around’s more than 150 existing partner brands into the Servify fold as well as a strong service network covering approximately more than 19,000 PINs in India.
“We are excited as this acquisition will allow 247around to further grow with Servify and participate in the approximately $100 billion global aftermarket device lifecycle market,” said Nitin Malhotra, CEO and co-founder of 247around.
Adding to this, Anuj Aggarwal, CTO and co-founder of 247around, said, “The integration of the Servify and 247around platforms will help us deliver a true 360-degree experience to our partners and customers, across multiple product categories. We are thrilled to be part of a team that has established itself at scale in such a short time and continues to grow immensely.
Following the acquisition, 247around will operate as a group company of Servify. The transaction is expected to close in the coming weeks.
Servify works with multiple OEM brands globally and integrates its Product Lifecycle Platform to execute their extensive coverage and smart exchange/upgrade programs. The Mumbai-based company has expanded its reach to multiple countries (US, Canada, EU, UK, Turkey, Russia, UAE, Saudi Arabia and other GCC countries) in a short span of 6 years and s is associated with over 50 OEM brands and thousands of their ecosystem partners. The Servify platform processes more than 3 million transactions per month, with more than 250,000 platform users spread across retailers, service centers, contact centers and administrative teams around the world serving millions of consumers.
Additional information about Servify is available at www.servify.tech