Servify plans $300 million IPO by 2026

Servify, a device lifecycle management platform, is gearing up to join the IPO club by 2026, aiming to raise $250-300 million.

Founded in 2015, Servify started out as an app for regular consumers but later shifted to helping businesses. Now, it offers after-sale services like repairs & support under other companies' names, working with big brands like Apple, Samsung, and HP.

The deets: With this fundraise, the company is expected to be valued between $1.5- $2.3 billion. It plans to file its DRHP with SEBI within the next six months.

Worth noting: Servify is poised to become the first Indian company in the device lifecycle management space to be listed on the bourses.

Zoom out: India's Device Lifestyle Management market is booming, driven by growing demand for warranty, repair, and protection services as mobile and connected devices multiply. With Servify leading the IPO race and competitors like Cashify also eyeing a public listing, this space is poised for rapid growth in the coming years.