Wify is a home furnishing installation startup that secured $3 million in its pre-series A funding round led by Mount Judi Ventures and Capira Ventures. The funding round saw participation from the firm’s existing and new investors, including the Blume Founders Fund. The startup plans to use these fresh proceeds to expand its categories and deepen existing categories with more value-added services.
Some of this investment will also be used on software & hardware enhancements and market expansion. The company secured $2 million in its last seed funding round led by Capira Ventures in July 2022. The startup aims to fill the gap between skilled technicians and modern home furnishing installation brands. The startup offers SaaS platforms with streamlined order management and real-time tracking for brands and customers with on-site project management. The company aims to use generative artificial intelligence for training, onboarding of workmen, and improving customer services. The startup offers more than 3000 specialized and skilled technicians and operates in more than 100 cities in India.
The company partners with over 100 leading global and local brands, including Mazon, Hettich, Godrej, and IKEA. It competes with other urban companies in B2C and B2B platforms, including local players such as Easyfix and Mechanic2Home. The funding will be used for operational expenses, expanding its categories, business growth, and general corporate purposes.
The startup offers a platform that introduces carpenters and those trained to provide modular furniture installation services, including wardrobes, kitchens, and other modular furniture, with a one-year warranty. The startup has known brands as its investors and clients, including IFB, Samsung, Livspace, Spacewood, HomeLane, Godrej, and more. The startup reported a twofold increase in its y-o-y growth with Rs 24.47 crore revenue in FY23. The net loss stood at Rs 5.65 crore during the same period.
Conclusion
Wify is an on-site home furnishing brand that secured $3 million in its pre-series A funding round co led by Capira Ventures and Mount Judi Ventures. The funding round involved the firm’s existing and new investors, including the Blume Founders Fund. The startup plans to use these fresh proceeds to expand its categories while deepening existing categories with more value-added services, software & hardware enhancements, and market expansion. The startup previously secured $2 million in its first seed funding round led by Capira Ventures.
The startup offers SaaS platforms with streamlined order management and real-time tracking for its users with on-site project management. This startup plans to use generative artificial intelligence for training and improving customer services. The company claims to have 3000+ skilled technicians and operates in more than 100 cities in India. Wify aims to fill the gap between skilled technicians and modern home furnishing installation brands. The startup offers a platform that introduces carpenters and those trained to provide modular furniture installation services. The company competes with other Urban companies in B2C and B2B platforms, including Mechanic2Home.
Digital Marketing Executive at Scoopearth
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