Wify, a Mumbai-based startup specialising in home furnishing installation, raised Rs 25 crore (USD 3 million) in a pre-Series-A funding round. The funding was led by Mount Judi Ventures and Capria Ventures, with additional participation from Blume Founders Fund and other undisclosed investors, according to media reports.
The company previously raised USD 2 million in a seed round in July 2022. Wify plans to use the new funds to expand its services, enter new categories, and enhance its technology, as per the company's press release.
Founded in 2019 by Vikram Sharma and Deepanshu Goyal, Wify connects home brands with skilled technicians through a SaaS platform that supports order management, project management, and real-time tracking. The startup also aims to leverage generative AI for training and onboarding technicians, improving customer service, and maintaining a skilled technician pool.
With over 3,000 technicians on its platform, Wify operates in 100 cities across India and partners with over 100 local and global brands, including IKEA, Amazon, Godrej, and Hettich. In the B2C space, Wify competes with Urban Company, while in the B2B space, it faces competition from regional players such as Mechanic2Home and Easyfix.
