Results · Professional & Local Services

Servify narrows loss, revenue up 16% in FY25

By Startup Enthusiast · 9 April 2026

What they do

Servify provides brand-authorized after-sales support for mobile phones, gadgets, and home appliances

In FY25, revenue rose 16% to Rs 781 Cr and loss fell 14% to Rs 85 Cr

The company is preparing for a potential public listing in 2026

Servify reported its financial results for the fiscal year ending March 2025 (FY25).
Revenue from operations grew 16% to Rs 781 crore from Rs 675 crore in FY24.
Loss narrowed 14% to Rs 85 crore from Rs 99 crore in the previous year.
The company's protection plan business generated Rs 758 crore, up 14% year-on-year.
Mobile handset and spare parts sales revenue more than doubled to Rs 23 crore.
International markets contributed 51% of total revenue, with the US alone bringing Rs 400 crore, up 38%.
India revenue stood at Rs 330 crore.
Servify is preparing for a potential public listing in 2026.

The results show improving profitability as losses shrink despite higher expenses.
International expansion, especially in the US, is driving growth.
The company is valued at around $700 million as of March 2025.
It has raised over $135 million in total funding from investors including Blume Ventures.

Servify is a brand-authorized after-sales service platform for mobile phones, gadgets, electronics, and home appliances.
It offers device registration, invoice storage, warranty, and post-warranty services.
The company partners with over 75 brands including Apple, Bose, and HP.
It sells white-labelled protection plans through mobile apps and web portals, which account for 97% of operating income.
Servify operates 18,000 service locations across more than 40 countries.
Revenue from protection plans was Rs 758 crore in FY25.
The company also sells mobile handsets and spare parts, generating Rs 23 crore in FY25.

Blume Ventures (existing) — Backed Servify in earlier rounds.
Singularity Growth Opportunities Fund (lead) — Led the Series D round of $65M.
BEENEXT (lead) — Led an ongoing Series D tranche of $7.8M in March 2025.