Home furnishing startup Wify Technologies has closed its Pre-Series A funding round at INR 40 Cr (around $5 Mn).

The startup closed the round in two tranches. In the first leg, it raised $2 Mn (around $15 Cr) in 2022 from a clutch of investors, including Singularity Ventures and HePo NL.

Meanwhile, in the second leg it secured INR 25 Cr (around $3 Mn) co-led by Mount Judi Ventures and existing backer Capria Ventures.

The company plans to use the fresh capital to shore up its existing offerings by adding more value-added services, expand into newer categories and strengthen its technology. A part of the proceeds will also be deployed to ramp up hiring efforts across the management team.

Founded in 2019 by Vikram S. and Deepanshu Goel, Wify is a full stack B2B and B2C enterprise tech startup that offers on-site installation and post-purchase home furnishing services.