Tech-enabled home & construction platform Wify raises $2M in a pre-Series A round

Wify, a technology-enabled home and construction platform, has raised $2 million in a pre-Series A funding round led by Blume Founders Fund and Unitus Ventures, along with the participation from Singularity Ventures and existing investor HePo NL.

Founded in 2019 by Vikram Sharma and Deepanshu Goel, Wify says it provides on-site installation and post-purchase services for over 100 companies including IKEA, Livspace, Homelane, Amazon, and Hettich.

The company helps brands to streamline and manage their orders while also providing jobs as well as upskilling opportunities for blue-collar workers engaged in the installation and services of these products.

According to the company’s statement, The startup will use the raised capital to develop its technology and to invest in skilling blue-collar workers associated with the company. In addition to this, it also plans to strengthen its existing customer base and expand into newer categories such as smart homes, commercial spaces, and industries.

Currently, Wify has its presence in over 60 cities across the country and claims to generate monthly revenue of Rs 2 crore.

“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 & co-founder of Wify.

“In the coming two years, our goal is to become the most trusted partner for on-site services by adding 100k+ technicians to our network who have been skilled, trained, and certified by us to perform high-quality professional services,” said Sharma.

Speaking on the development, Karthik Reddy, Partner at Blume Ventures, said, “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.”

Also Read:

Be the first to comment

Leave a Reply

Your email address will not be published.