Three angel networks invest in gadget-repair startup PICKME
“The investors viewed the firm as a high-quality early stage company with potential for sustainable scalability and profitable growth,” said Anil Joshi, president of Mumbai Angels.
“Any service that can save time is valuable,” he said. The firm now has team of over 160 people and presence in four cities. Industry experts say technical support and repair service is a $10 billion (Rs 55,000 crore) market in India.
Consumers and small businesses have to rely on unorganised service providers without the surety of timely professional services and accurate resolution of problems. Last year, Inventus Capital invested $2 million in Gurgaonbased Techies.in, which provides repair and support services for laptops and computers.