Archive · 14 Jun 2025
Device Lifecycle Platform Servify Plans IPO by 2026
Servify, a company that helps manage devices like phones, plans to sell shares to the public (IPO) by 2026 to raise money.
They expect to get a valuation of up to $2.3 billion.
The company makes money by offering after-sales solutions to big tech companies like Apple and Samsung.
Servify's revenue is growing, with a large part of its income now coming from outside of India, especially the US.
They also have a bunch of patents and have raised a lot of money already.
The founder's goal is to build a successful, long-lasting company.
Servify, a device lifecycle management platform, plans a $250-300 million IPO by 2026.
The company anticipates filing its draft red herring prospectus (DRHP) with SEBI within six months.
Servify reported Rs 759 crore revenue in FY24, a 24% increase from the previous year.
International business now drives 65-70% of revenue, with the US as its largest market.
The company is also close to finalising a $100 million pre-IPO round.
- Who
- Servify, a device lifecycle management platform, is preparing for an IPO.
- What
- Servify is preparing for an IPO.
- When
- The IPO is planned by 2026, with the DRHP to be filed within six months.
- Where
- The company operates internationally, with the US being its largest market.
- Why
- The IPO is planned to establish Servify as a global success and for early investor exits.
Risk Factors
Opportunity Factors
Competition
Risk Factors
Potential competition from OEMs internalizing device management services.
Opportunity Factors
Servify's plan to focus on innovation and expansion
- IPO Size
- $250-300 million
- Valuation
- $1.5-2.3 billion
- Expected DRHP Filing
- Within 6 months
- FY24 Revenue
- Rs 759 crore
- FY23 Losses
- Rs 229.1 crore
- FY24 Losses
- Rs 93.8 crore
- International Revenue
- 65-70%