MUMBAI: repaireasy.in, one of the most organized gadget and mobile phone repair platforms, recently announced a pre-series a fund raise of 275,000 USD from a stellar consortium of international and domestic investors. This pre series round of funding was backed by prominent investors like Morris Street Advisors (MSA) and P. Krishnamurthy. Subject to the quantum of additional cash requirements the current investors can be tapped for additional capital.
“The Indian Smart phone and gadget repair market size is roughly pegged at $2-$3 bn and there is substantial demand for professional workmanship and trustworthy platforms to service and repair gadgets. We have a vision of organizing the work processes in the sector, which is the need of the hour, and provide our customers with a reliable, seamless and stress-free door to door experience,” said repaireasy.in founder Rishi Wahi. “Receiving financial support from our new investors is the first major step towards achieving our goals. We are carefully and systemically expanding our reach and scope of services across India. It is our goal to service customers across the broad breadth of India and make their life’s simpler by providing a trustworthy facility and a professional repair option; which might not be available to them.”
Commenting on the announcement, repaireasy.in lead board member Rohit Tiwari (Morris Street Advisors CEO) added, “We are excited and optimistic about the direction in which repaireasy.in and the sector is progressing. The repair space, in general, lacks an organized working model and with repaireasy.in we plan to bring in a new paradigm shift in India and provide a platform that can be the preferred electronic repair destination for consumers. We are confident that Rishi and Naveen will deliver.”
repaireasy.in is one of the earliest platforms that offers the easiest and most convenient way to repair handheld gadgets like smart phones, laptops and tablets. With unique propositions like free pick up and drop across India, added advantage of extended warranties and stand by phones reapairesy.in, today, has 15000+ happy customers which include individuals and corporates across India.
The brand caters to 10,000 pin codes. Since its inception in 2013 repaireasy.in has witnessed a steady monthly growth of approximately 20%. Presently repaireasy.in has appointed 30 convenience pick up points across Maharashtra to reach out to the tier 2 and tier 3 cities. The next big and strategic expansion is expected to start in Delhi (NCR) within 30 days.
The funds will be utilized to further develop technology, strengthen customer support, develop new value added services, and fuel expansion. As a next stage of development repaireasy.in plans to launch 10 to 12 hubs pan India to cater to the length and breadth of the country. In addition to this the brand plans to offer a value add like standby device.
