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Indian device management platform Servify raises $65m

Company provides extended warranties, other after-sales services for electronics

Launched in 2015, Servify operates in over 40 countries, including India, the U.S., U.K., Canada, Saudi Arabia and Turkey. (Source images from Servify website)

NEW DELHI -- India's Servify, a platform that provides extended warranties and other after-sales services for electronic devices, has secured $65 million as part of its ongoing Series D round as it aims to list on domestic exchanges in two years.

The funding round was led by Singularity Growth Opportunity Fund, with participation from AmTrust, Pidilite and existing investors including Iron Pillar, Beenext, Blume Ventures and DMI Sparkle Fund. While the company did not disclose its valuation, media reports suggest it is close to reaching unicorn status -- a company valued at $1 billion or more.

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