Venture Capital | CFA level 3 candidate | Ex-Investment Banking Intern at HSBC | CFA Ethics Challenge India '21 Runner-up | IIM Trichy '22
I'm proud to announce that we at Mount Judi Ventures have co-led the investment round in Wify Technologies, alongside Capria Ventures, Blume Ventures and Singularity AMC. The company, led by Vikram S. and Deepanshu Goel, addresses the pain points of both the demand and supply side in the home improvement space by providing a full-stack B2B2C solution. On the demand side, it ensures that brands like IKEA can solely focus on selling and marketing their products to their customers, while the post-purchase activities like installation, warranty, etc. for the customers are taken care of by Wify. However, it is easier said than done since the majority of the supply side, comprising of the blue-collar workforce, are traditional tradesmen who are not well equipped to handle modern home solution products. In a country like India, customers are yet to embrace DIY home solutions in their fullest form and are heavily reliant on traditional tradesmen. Wify tackles this issue by taking care of training and upskilling the blue-collar workforce, which not only helps brands such as IKEA to deliver hassle-free and satisfactory services to their customers but also helps improve the career prospects of the blue-collar workforce. In short, a win-win situation for all the stakeholders involved. Wishing the WIFY team all the best in their endeavour. #wify #funding #startup #innovation