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Pidilite Ventures, a subsidiary of Pidilite Industries Limited, announced an investment of Rs 500 crore in Wify (Installco Wify Technology Private Limited), a leading platform for home improvement and maintenance services.
The pre-Series A funding round was led by Capria and Mount Judi Ventures, with additional participation from Blume Ventures.
The funding from this round will enable Wify to accelerate its growth, strengthen its technology stack, expand its services, and solidify its market position.
Previously, in July, Wify raised Rs 250 crore in a pre-Series A round led by Mount Judi Ventures and Capria Ventures.
Commenting on the investment, Vikram Sharma, co-founder of Wify, said, “This investment is a great way to support #ViksitBharat by empowering merchants in the home improvement industry while serving both brands and households. We are excited to leverage this investment as it will enhance our mission to contribute to this vision.” Pidilyte’s expertise in this field. ”
Founded in 2019 by Vikram Sharma and Deepanshu Goel, Wify is a full-stack B2B2C platform that provides installation and maintenance services for consumer durables.
The company services both local and global brands such as IKEA, Godrej, Amazon, and Panasonic.
Wify has over 3,000 technicians on its platform and operates in over 80 cities across India, serving home improvement retailers, e-commerce companies, and interior design services.
Sanket Parekh, Director of Pidilite Ventures, emphasized that this investment is in line with Pidilite’s strategic focus. He said, “The home improvement sector in India is growing rapidly and has huge potential. We are pleased to support Wify, whose innovative approach to home improvement services will greatly benefit our customers.” Ta.
