Tech-based startup GoMechanic rises seed investment from Venture Catalysts of $250K
Tech-based startup GoMechanic rises seed investment from Venture Catalysts of $250K . The automobile servicing solution startup is yet another addition of promising start-ups to the tech-based portfolio of Venture Catalysts –a seed investment and innovation platform in India.
GoMechanic was founded in April 2016 and is India’s first tech-based automobile solutions startup. It aims to assist Indian car owners by leveraging technology helping them find the best automobile repair and maintenance services in their vicinity and booking from its partner services ensures all original spare parts. The platform provides guarantees on all spare parts for up to 3 years and makes for availability of it in timely fashion.
GoMechanic provides the best available options for a range of services including periodic maintenance, denting painting, major repairs, car cleaning, or even changing tyres and batteries. The platform has tied up with leading service providers and supports them in customer relationship management, procurement and workflow management. All one has to do is log on to the website or app and sign up, through which they could avail of a range of services at a price that is 30-50% lower than normal service stations. The current after-sales service and spare parts market in India is expected to be worth $22 billion and this is what the company is targeting.
Amit Bhasin, Co-founder, GoMechanic, said, “The funds will primarily be utilised to build our tech infrastructure and expand the team. We also aim to have a chain of 40-plus garages in Delhi/NCR and over 400 verified service providers on board our platform in the near future for better and swifter service provision. This will allow us to achieve a strong leadership position in the region’s fragmented automobile maintenance & spare parts market, and provide us with a strong foundation for expansion into other geographies.”
Speaking on the investment, Dr. Apoorv Sharma, Co-founder, Venture Catalysts, said, “GoMechanic, which leverages technology to address extant issues in the fragmented automobile maintenance and spare market, fits into our investment criteria perfectly. We have full faith in the vision and execution capabilities of the team behind GoMechanic, and believe the venture has the potential to establish itself as a market leader in the Indian autotech servicing industry.”
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