Instafix, a 30-minute doorstep smartphone repair service, has raised Rs 7.55 crore in a pre-seed funding round co-led by Titan Capital and 8i Ventures. The round also saw participation from Anish Srivastava (SVP, Blinkit) and Bharat Kalia (Co-founder & CEO, Lifelong).
India’s consumer electronics market, valued at nearly $73 billion, is seeing strong growth in premium devices, which is growing at nearly 20% year-on-year. But the device repair experience has barely evolved. With nearly three crore premium smartphones sold in India every year, consumers still lack a repair service they can confidently recommend.
