It also saw participation from Blume Founders Fund and other existing investors.
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The Mumbai-based firm will use the funds to penetrate deeper into existing categories with additional value-added services, explore new categories, and boost capacity building, software and technology enhancements.
It will also The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories., the company said in a statement.
“This funding will help accelerate our growth through technology deployment and inorganic growth opportunities. It will help realise our vision of becoming the No. 1 brand for upgradation, repair, and maintenance of urban homes,” said Vikram Sharma, chief executive, Wify.
Founded in 2019 by Sharma and Deepanshu Goel, Wify is in the business of on-site installation and post-purchase services to businesses and brands.
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Commenting on the investment, Ebaad Momin, partner at Mount Judi Ventures, said, “Wify’s full-stack B2B2C solution has gained significant traction in the home improvement and maintenance space because it effectively addresses a critical market need”.Wify aims to use generative AI for training and onboarding workers, providing on-the-job support, and enhancing customer service. The company currently has a network of 3,000 technicians across 100 cities in India. It has partnered with over 100 global and local brands including IKEA, Amazon, Godrej and Hettich.
“As early investors in Wify, we’ve witnessed the company emerge as the No. 1 after-sales installation and SaaS solutions provider in the furniture and fittings industry. We are confident about the team’s ability to ‘own the home’ by expanding into other use-cases like smart homes, appliances, plumbing, etc,” said Surya Mantha, managing partner, Capria Ventures.
Wify last raised $2 million in July 2022, in a funding round led by Blume Founders Fund and Unitus Ventures.
