Onsitego, a device-care provider, announces the acquisition of Qdigi Services from Quess Corp, India’s business services provider.
Qdigi provides installation, repair, and maintenance services to OEMs like Samsung, Apple, One Plus, Xiaomi, and online retailers such as Amazon. The company has over 1400 employees and operates in 100 company-owned and more than 200 franchise service centers.
Qdigi’s capabilities complement the device protection business of Onsitego. The acquisition will help Onsitego enrich its customer service experience and open up new areas of growth such as approaching OEM partners and retailers with new market offerings.
As part of the transaction, the entire team and business of Qdigi will be transferred to Onsitego. Onsitego will pay total cash consideration of Rs 80 crore, subject to customary closing adjustments. In addition, Quess will be acquiring a minority stake in Onsitego. The transaction is expected to be completed over the next 2-3 months.
“Onsitego has been a leader in the protection plan business owing to its excellent customer service. Over the past decade, we have been able to build a strong service network. The acquisition of Qdigi will further add to our service capabilities and market offerings. While we will expand Qdigi’s existing relationships, we are also looking to target new OEM partners and retailers to accelerate growth. I am sure together we will be able to create India’s largest and the most customer-obsessed service company.” Kunal Mahipal, founder and CEO, Onsitego said.
“In line with the Corporate structure simplification process of business lines, we have divested our stake in Qdigi. Quess Corp helped Qdigi team to scale and create an unparalleled pan-India customer reach and service capabilities. We believe that going forward the Qdigi business is hugely complimentary to the offerings of Onsitego, while Onsitego will provide the platform for the next level of growth in Qdigi business,” Guruprasad Srinivasan, ED and CEO, Quess Corp, said.
“Being a part of the Quess family since 2018 has helped us build scale by leveraging Quess’ platform and the management expertise. Integration of Qdigi services with Onsitego will help both businesses accelerate growth and create a more enriching service experience for our customers,” Deven Sharma, CEO, Qdigi Services, said.