Business News | Servify Acquires 247around, an At-Home Service Platform Specialising in Connecting Consumers with OEMs' Service Network

Mumbai (Maharashtra) [India], February 23 (ANI/BusinessWire India): Servify, a Mumbai based startup that works with multiple OEMs globally as their partner in delivering superior product ownership experience, announces the acquisition of 247around, a unique service platform in India, that specialises in at-home service of home appliances, consumer electronics and white goods.

This acquisition will further strengthen Servify's service fulfilment network beyond smart products and help its expansion into new product categories.

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Sreevathsa Prabhakar, Founder of Servify, said "We keep looking for like minded people and complementing offerings to fast track our growth. With 247around, we've not only onboarded a great team that is aligned to our vision completely, but also a technology and fulfillment platform that will help us scale the home appliances and electronics category."

The acquisition brings 247around's existing 150+ partner brands into Servify's fold as well as a robust service network across ~19,000+ PIN codes of India. "We are excited as this acquisition will enable 247around to scale further with Servify and participate in the ~$100+ billion post-sale appliance lifecycle market globally," said Nitin Malhotra, CEO and Co-Founder of 247around.

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Adding to this, Anuj Aggarwal, CTO and Co-Founder of 247around, said, "Integration of Servify and 247around platforms will help us deliver a true 360 degree experience to our partners and customers, across multiple product categories. We are delighted to be part of a team that has established great 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 next few weeks.

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