SayFix gets Rs 1.1 crore in angel funding

By Prachi Verma Dadhwal

NEW DELHI: SayFix, a startup in the home services segment, has secured Rs 1.1 crore in an angel round of funding from serial investors and entrepreneurs.

The funds will be used to develop and enhance technology infrastructure and invest in marketing activities, the Bangalore-based company said on Wednesday.

The company aims to serve 100,000 customers across five metro cities within a year, according to a press release issued by the company.

Launched in June 2015 by a group of IIT and IIM graduates, the startup offers services ranging from maintenance and home repairs to high-quality plumbing, electrical services, home cleaning and car care. SayFix has over 12,000 customers?in Bengaluru?alone.

“This is an important milestone for SayFix in its endeavour to become India’s largest service commerce company by 2020, generating $1 billion in gross transaction value (GTV) and serving 1 million customers,” said Nabin Roy, founder and CEO of SayFix.

Bengaluru-based investment banking firm DIA Capital Advisors acted as exclusive financial advisor to this funding round, which was led by Sona Group.