Vakrangee Limited ties up with Servify

Vakrangee Limited (VL) has tied up with Servify (Service Lee Technologies Private Limited) to provide after-sales device care solutions to the unserved and underserved population of India through a strategic partnership.

Servify offers the world's most advanced post-purchase service platform to deliver great customer experience. Integrating multiple partners of the post-sales service ecosystem on a tech-driven unified intelligent platform, Servify provides Device Lifecycle Management Services for all devices.

Vakrangee will act as an extended arm to facilitate extended care and product protection solutions it offers on devices that touch our daily lives. Customers will get a quick and hasslefree service experience and access to an end-to-end service delivery through Vakrangee Kendra outlets.

Vakrangee will be providing the following services from its Nextgen Vakrangee Kendra Outlets.

• Trade-in Point Services- There is a huge second-hand fragmented phone market in India. Vakrangee Kendra's will offer these services through its network of NextGen kendras.
• Device Service collection Point - Customers can drop their device at the nearest Kendra for repairs and thus act as extended service locations for Servify across the breadth and width of India.
• Warranty Plan Sales - Vakrangee Kendras will sell below plans offered by Servify:
• Screen Protection
• Extended Warranty
• Damage Protection Plans

Commenting on this partnership, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We are happy to partner with Servify to facilitate our customers with endto-end Mobile Devices Lifecycle Management services in both urban as well as rural remote areas. With this partnership, we have strategically added a complete bouquet of after-sales device care solutions at our Nextgen Kendras making them into a one-stop shop for all the Mobile Device requirements of our customers. This tie-up shall help consumers especially in the unserved and underserved rural locations to get services such as the sale of their second-hand mobiles, repair services, and getting access to various warranty plans."

Commenting on this partnership, Mr. Sreevathsa Prabhakar, Founder, Servify said, "It's been a challenge for most businesses to reach nooks and corners of our country when it comes to offering services quick and reliable like the one living in city experiences. Vakrangee is changing the game by enabling last mile connectivity through the Vakrangee Kendras. Our partnership will ensure quicker and reliable support is now available even in the remotest village of our country, as we ride on their vast network."

This tie-up further expands our bouquet of services available to citizens through Vakrangee Kendra. Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Assisted e-Commerce, e-Governance, and logistics. Vakrangee currently has ~13,200 Nextgen Vakrangee Kendras spread across 28 States & UTs, 560+ districts and 4,860+ postal codes. More than 70% of these outlets are in Tier 5 and 6 towns.

Shares of Vakrangee Limited was last trading in BSE at Rs. 44.30 as compared to the previous close of Rs. 42.85. The total number of shares traded during the day was 1786125 in over 6059 trades.

The stock hit an intraday high of Rs. 45.60 and intraday low of 43.55. The net turnover during the day was Rs. 78906885.00.

Source : Equity Bulls

Keywords

Vakrangee INE051B01021 Servify AfterSales DeviceCare StrategicPartnership