Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-02-06

Mobile repair service startup Gadgetwood may raise $3 million in Series A funding

Gadgetwood claims to be India\'s first professionally managed multi brand repair and support services exclusively for mobiles, smartphones and tablets.

Aparajita Choudhury

Gadgetwood eServices Pvt Ltd, a New Delhi based startup in mobile, smartphone and tablets repair and support services space may raise $3 million in Series A round of funding by the end of this year.

"By March this year, we will start looking aggressively for Series A round of funding and we are targetting to raise about $3 million by December this year," said Jayant Jha, Co-founder & CEO, Gadgetwood.        

In October last year, the startup raised seed funding of Rs 1 crore from Indian Angel Network. The fund was utilised in strengthening thekir presence in other metro cities.

Founded in the year 2013, Gadgetwood claims to be India's first professionally managed multi brand repair and support services exclusively for mobiles, smartphones and tablets. Strengthened by a team size of more than 40 people, Gadgetwood aims at offering complete customer satisfaction by becoming the most preferred service in its domain.

Jha comes with an expansive experience of around seven years in remote tech support, after sales service, and operational activities among others. In his current role, he is responsible for determining the company's strategic objectives and policies and monitoring progress towards achieving the same.

The company also plans to start a PAN-India service via remote technology and is in the process of innovating services for SMBs and OEMs. "We have designed our service model as per the customers requirement be it an end user or an SMB. We are working with over 25 SMBs and provide them services as per their requirements," said Jha.

When asked about the growth and expansion plans, Jha said, "Growth plan is very clear in our mind, I see Gadgetwood as a pan-India service brand operating in 20 metros and cities. We will start our geographical expansion soon and target the first 5 metro cities in the next fiscal year."

Related opportunities
  • Slimming Center
    HYPOXI is an effective targeted fat-loss program worldwide. It combines..
    Locations looking for expansion New Delhi
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Ad Agencies & Collection Centres
    Leader in providing auto rickshaw branding solutions and other 20+..
    Locations looking for expansion New Delhi
    Establishment year 1982
    Franchising Launch Date 1982
    Investment size Rs. 10lac - 20lac
    Space required 150 - 1750 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • Others Food Service
    An up market Panwaadi joint inviting FranchiseePanwaadi, a venture of..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Career Counselling & Brain Programming
    Overseas Education Centre - leading Educational Consultant looking for franchise..
    Locations looking for expansion Gujarat
    Establishment year 2003
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 150 Sq ft min.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Vadodara Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities