About iService
iService is a company based in Bengaluru (India) founded in 2011 by Anil Kumar Chowdhary was acquired by Servify in January 2019. It operates as a Professional Services. iService has raised $439.92 thousand across 1 funding round from investors including Blume Ventures, Vijay Sharma and Aprameya Radhakrishna. The company has 4 employees as of April 09, 2024. iService offers products and services including Apple Device Repair. iService operates in a competitive market with competitors including JustLikeNew, SSP Advantage, Seva Services, Mobile Solution and Gadget Restore, among others.
- Headquarter Bengaluru, India
- Employees 4 as on 09 Apr, 2024
- Founders Anil Kumar Chowdhary
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Servicemonk Technologies Private Limited
- Date of Incorporation 24 Oct, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$64.4 K (USD)-82.69as on Mar 31, 2021
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Net Profit
$-41.97 K (USD)-204.62as on Mar 31, 2021
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EBITDA
$-46.85 K (USD)-200.23as on Mar 31, 2021
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Total Equity Funding
$439.92 K (USD)
in 1 rounds
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Latest Funding Round
$439.92 K (USD), Seed
Jan 13, 2017
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Investors
Blume Ventures
& 6 more
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Employee Count
4
as on Apr 09, 2024
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Acquired by
Servify
(Jan 03, 2019)
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Products & Services of iService
iService offers a comprehensive portfolio of products and services, including Apple Device Repair. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Repair services for Apple devices are provided expertly.
Funding Insights of iService
iService has successfully raised a total of $439.92K through 1 strategic funding round. The most recent funding activity was a Seed round of $439.92 thousand completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $439,922
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First Round
First Round
(13 Jan 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Seed - iService | Valuation | Blume Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iService
iService has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Blume Ventures, Vijay Sharma and Aprameya Radhakrishna. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
|
VS
Vijay Sharma |
Founder of Paytm, leading Indian fintech innovator and active angel investor
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Founded Year | Domain | Location |
|
AR
Aprameya Radhakrishna |
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|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by iService
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - iService
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iservice Comparisons
Competitors of iService
iService operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as JustLikeNew, SSP Advantage, Seva Services, Mobile Solution and Gadget Restore, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides online repair services for smartphones and tablets.
|
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| domain | founded_year | HQ Location |
Smartphone after-sales repair, insurance, and warranty services are provided.
|
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| domain | founded_year | HQ Location |
Mobile repair services are delivered via an app-based platform.
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| domain | founded_year | HQ Location |
App-based platform for booking mobile device repair services conveniently.
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| domain | founded_year | HQ Location |
Creates unique, high-quality designed products for gifting and diverse tastes.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iservice
Frequently Asked Questions about iService
When was iService founded?
iService was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is iService located?
iService is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is iService a funded company?
iService is a funded company, having raised a total of $439.92K across 1 funding round to date. The company's 1st funding round was a Seed of $439.92K, raised on Jan 13, 2017.
How many employees does iService have?
As of Apr 09, 2024, the latest employee count at iService is 4.
What is the annual revenue of iService?
Annual revenue of iService is $64.4K as on Mar 31, 2021.
What does iService do?
Repair and maintenance services for Apple devices, including iPhone, iMac, MacBook, and iPod, are provided by iService. Focus is placed on consumer electronics repair within the technology sector. Solutions for device functionality restoration are delivered to customers.
Who are the top competitors of iService?
iService's top competitors include Seva Services, SSP Advantage and JustLikeNew.
What products or services does iService offer?
iService offers Apple Device Repair.
Who are iService's investors?
iService has 7 investors. Key investors include Blume Ventures, Vijay Sharma, Aprameya Radhakrishna, Ankur Singla, and Mekin Maheshwari.