M&A Deal Summary

Servify Acquires 247around

On February 22, 2022, Servify acquired consumer services company 247around

Acquisition Highlights
  • This is Servify’s 1st transaction in the Consumer Services sector.
  • This is Servify’s 1st transaction in India.

M&A Deal Summary

Date 2022-02-22
Target 247around
Sector Consumer Services
Buyer(s) Servify
Deal Type Add-on Acquisition

Target

247around

Noida, India
247around is a post-purchase home appliance service platform that allows OEMs/Brands & eComm portals to provide a superior customer experience. The company provides tech-enablement and pan-India service backbone to brands. 247around offering includes services ranging from installations, demonstrations, warranty services, returns validation, maintenance contracts, buyback, spare management to multiple brands selling across offline and online channels. By providing service coverage in 800 cities, 18000+ pin codes, across large appliances, televisions, and small appliances, 247around let brands focus on their core business. USP is technical integration with all stakeholders of a brand like Dealers, Distributors, e-commerce players, and end-consumers. This ensures a seamless customer experience throughout the service journey. Some of our customers are the marquee brands like Amazon, Google, JVC, PayTM, Wybor, Daiwa, T-Series, Snapdeal, Flipkart, Weston, Salora, Akai, Murphy etc. 247around was formed in 2015 and is based in Noida, India.

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Buyer(S) 1

Buyer

Servify

Mumbai, India

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Servify is an advanced self-learning post-purchase service platform to deliver great customer experience. Integrating multiple partners of the post sales service ecosystem on a tech-driven unified intelligent platform, Servify provides Device Lifecycle Management Services for all devices that touch our daily lives. Servify was founded in 2015 and is based in Mumbai, India.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 WebToGo

Munich, Germany

WebToGo is an one-stop provider for multichannel self-care and customer experience solutions for smartphones, tablets and laptops. WebToGo was founded in 2001 and is based in Munich, Germany.

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