Wify raises Rs 40 crore in pre-series A funding round

Home furnishing startup Wify has raised Rs 40 crore ($5 million) in its pre-series A funding round led by Blume Founders Fund and Singularity Ventures.

Mount Judi Ventures and existing investor Capria Ventures also participated in the funding round.

The company will utilise the funds to diversify its offerings, expand into new categories, bolstering its technology infrastructure and hiring.

Commenting on the funding, Vikram Sharma, co-founder CEO in a statement said, “This funding will help accelerate our growth through technology deployment and inorganic growth opportunities. It will help realize our vision of becoming the number 1 brand for upgradation, repair, and maintenance of urban homes.”

Founded in 2019 by Vikram Sharma and Deepanshu Goel, Wify is a comprehensive B2B and B2C enterprise tech startup that provides on- home furnishing services.

Wify’s portfolio of clients, including IKEA, Amazon, Livspace, Godrej, Homelane, and Hettich among others.