Servify chases the American Dream ahead of 2026 IPO
“The United States will contribute approximately 45% in global income this year, 38% and the rest will be divided between Europe and the Middle East,” Sreevathsa Prabhakar, the founder and general manager of Servifife. He said. It is likely that the company’s draft public offers will be submitted to the Stock Exchange Board of the Stock Exchange in the first quarter of 2026.
Last year, the cypress won a contract to serve corporate users for one of the largest US telecom providers. While the contract was signed in 2024, the application started only in May 2025. The US, T-Mobile, At & T and Verizon, the first three Telko markets 85% of the market. Prabhakar said that they are on the road to sign one of the big telko as a customer.
In the next two years, the cypress expects 65%of the income mixture to be heavily weighted against the US, India is 20-25%, the Middle East 12-15%and the rest of Europe.
Different strokes
The Service’s approach in the United States is significantly different from how the Indian market, which is much more distribution -centered. In India, most telephone and tablet are not sold by original equipment manufacturers (OEMs). Companies like Apple, Samsung and Google, distribution partners such as Croma to sell their products. As a result, although these OEMs have existence in India, none of them have a major market share.
Telcos is the main driving forces of telephone sales in more developed countries, especially in US or European countries. In the USA, companies such as Orange or AT & T are effectively locking telekom services and users effectively in ecosystems. “We have many partners like Bestbuy and Amazon in the United States. We have a few small partners. But this will not move the needle. Creating value in Telcos,” he said.
The US shift is part of the Servife’s wider strategy for the Servife’s targeting developed countries, securing contracts with telecom companies, and then on the distribution side – the opposite of the scenario that he follows in India. In advanced markets, the beginning positions as a platform rather than a third -party service. “Original OEM service, global scope and all the advantages that come with the support of an OEM,” Prabhakar said.
Middle East and Europe
In the Middle East, the company has been connected with two felcos, Saudi Telekom in Saudi Arabia and Etisalat in the United Arab Emirates. The cypress wants to appeal to the nations of the Gulf Cooperation Council – Bahrain, Kuwait, Oman, Qatar and the above -mentioned two.
“The volumes in this region are small, but the average selling price is high. Here again, both the big format retail and the telcos market guides the market. He said.
The company was slow to do business in GCC last year due to the confusion that its services would not be classified as insurance or service contract. Prabhakar, who cleansed these regulatory barriers earlier this year, said that the Middle East will be the third largest market of the company after the United States and India in the next two years.
Although the cypress has a presence in Europe, the business world has been slow due to bureaucracy. However, there is no intention of withdrawing from there, Prab Prabhakar said. “We can choose to operate in several countries that are really meaningful to us.”
Finance is delayed
In January, Mint was the first person to report that the cypress had raised a tour of a unicorn horse ($ 1 billion or more) that raised a 100 million dollar tour.
“We could not close this tour, we could not even start to be honest. The reason for this is that one of the documents of our D -series investors have continued for the last seven months,” Prabhakar said.
However, the start is waiting to close the tour next month and wants to add some secondary components in the process. Prabhakar is likely to be a mixture of primary and secondary capital 60:40 or 70:30. “We also want to clean our cover table. There are about 400 employees with stock options. We want to have a cover table as much as possible before entering the public.”
The election framework in the cypress includes Blume Ventures, Iron Batteries, Beekext, Amtrust Financial and Madhususudhan Kela’s Simularyity.
Public offering preparations
As he began to touch public markets next year, the company appointed two independent executive committees, although it refused to name them.
The company is currently auditing FY25 numbers. Closed FY24 La759 Crore comes, LaAccording to Tracxn data, 611 Crore in the previous financial year. The losses are significantly narrowed La94 CRORE LaCrore in 229 FY23. “We want to be profitable when we open to the public,” Prabhakar said, “We must be there until the end of the year.”
The cypress is expected to target $ 250-300 million from the public offering. Financial Express notified.
