Fri, Dec 9, 2016 | updated 10:53 PM IST

JustLikeNew raises funding worth USD 0.5 million via LetsVenture

Updated: Sep 20, 2016 12:18 IST

New Delhi [India], Sep 20 (ANI): Premier smartphone repair e-commerce platform JustLikeNew has announced fund raising worth USD 0.5 million (USD 500,000) through LetsVenture.

Poised to transform the smartphone repair industry in India by productizing over 10,000 smartphone repair services on its platform, JustLikeNew has secured investments from leading angel investors including Krishnakumar Natarajan- Executive Chairman of Mindtree and Sandeep Mathur- Former Managing Director of Oracle India.

The start-up currently provides free pickup and drop service for smartphones and tablets with a service turnaround time of 48 hours, bringing high-quality repair at customers' doorstep.

JustLikeNew has also established a dominant presence in the B2B segment through partnerships with Uber, Ola, Swiggy and Qualcomm for smartphone servicing, and offers pan-India services through its strategic partnership with 3PL.

"We are extremely pleased by the phenomenal response received by JustLikeNew since its launch as can be seen by the fact that we were oversubscribed by 1.5 times on the platform. The investors at LetsVenture have also shown great faith in our model. Vikas Tandon and Aneesh Reddy have been associated with us since our seed round and this round too, is led by Vikas, demonstrating the fact that they see continued potential in our operations and business model," said Co-founder JustLikeNew, Ajit Panigrahi.

"I have taught Ajit and Rahul during their MBA days, and they always endeavored to find solutions to problems around them. With JustLikeNew's innovative solutions, users are sure to experience unparalleled repair and maintenance services," said Professor at XLRI and significant investor, Ram Kumar Kakani.

The platform offers a plethora of value-added services such as free home pickup and drop, a standby replacement phone, timely repair and after-service warranty, available at extremely cost-effective prices, and has truly emerged as a pioneer in the segment. (ANI)