Repair Easy raises pre-Series A funding

Posted by: at 8/03/2016 02:56:00 am

The gadget repair platform gets funded by Morris Street Advisors (MSA),

P. Krishnamurthy (Former Vice Chairman of JM Morgan Stanley) and others.

India 03 August 2016: Repair Easy – 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 A round of funding was backed by prominent investors like Morris Street Advisors (MSA) and Mr. P. Krishnamurthy. Subject to the quantum of additional cash requirements the current investors can be tapped for additional capital.

Repair Easy raises pre-Series A funding

“The Indian Smart phone and gadget repair market size is roughly pegged at $2-$3 Billion 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 Rishi Wahi, Founder, Repair Easy. “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.” He added. 

Commenting on the announcement, Repair Easy lead board member Mr. Rohit Tiwari (CEO of Morris Street Advisors) added, “We are excited and optimistic about the direction in which Repair Easy and the sector is progressing. The repair space, in general, lacks an organized working model and with Repair Easy 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.” 

Repair Easy 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, 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 Repair Easy has witnessed a steady monthly growth of approximately 20%. Presently Repair Easy 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 Repair Easy 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.

  Repair Easy

ABOUT Repair Easy:

Repair Easy, a subsidiary of Bhrmaa Software Solutions Pvt. Ltd., was founded in the year 2013 in Pune by the dynamic duo Rishi Wahi and Naveen Goyal. Repair Easy is an online platform that offers individuals and corporate organizations a most convenient way to fix their smart phones, laptops and tablets in the shortest turnaround time. Repair Easy offers its customers the unique advantage of free pick up of their non-functional gadgets from their door step and delivering the repaired device back to their postal address. Other benefits include Warranty on parts and workmanship, “pay if you are satisfied” and cash on delivery. For corporate services they offer technical implants, IT assets audit, Network security, Consultation on IT upgrade and securing of IT assets. With a skilled workforce having technical know how of over 30 brands and 800 models, Repair Easy today has become one of the most reliable and seamless service provider in the gadget repair sector. Customers therefore bank upon Repair Easy and avoid the hassles of time consuming trips to authorized service centres and unreliable standalone shops. 

Backed by the virtues of convenience, speed and quality, Repair Easy today has set a benchmark in the gadget repair industry. With support of FedEx and an automated shipping system Repair Easy caters to more than 10,000 pin codes across India. Since inception the organization has 15000+ happy customers, both individual and corporate. Some of its corporate clients include IBM, Embassy Tech Zone, MSD Animal Health, Lear Auto, Faurecia interior systems, Huntsmen and Barons, Regus Business Centres, and RDP Systems. 

2.5 years of serving customers in this domain has given Repair Easy enough exposure and experience to understand & fathom the pain points & challenges faced by customers. The firm has witnessed a steady progress in past 2.5 years with a winning team in this exciting space and are on their way to creating a market leader in the Gadget repair space. They are confident of putting some organization into this completely unorganized space. 
Related Posts Plugin for WordPress, Blogger...

You May Also Like

Share Your Opinion