Exclusive: TVS Group Acquires CarCrew To Expand After-Sales Service Network

Exclusive: TVS Group Acquires CarCrew To Expand After-Sales Service Network

SUMMARY

CarCrew offers aftermarket sales and services for automobiles in 20 Indian cities

To date, the startup has raised $3 Mn in funding and counts TVS among its backers

CarCrew will continue to run independently, as TVS invests further to help it expand

Chennai-headquartered conglomerate TVS Group’s automobile solutions division has acquired Mumbai-based automobile after-sales services startup CarCrew for an undisclosed amount. People familiar with the development told Inc42 that the deal would help TVS expand its footprint across India.TVS Automobile Solutions had invested $500K in the company in 2016 and later the startup had secured Pre Series A round to the tune of $2 Mn.The partnership is expected to help generate synergies between CarCrew parts supply and technology expertise and TVS full-stack service model including infrastructure, distribution etc to create a pan-India scale.

CarCrew was founded by Vikul Goyal and Vikram Sharma in 2016. With a presence in 20 cities and more than 2,000 workshops in India, the startup offers a technology platform for aftermarket sales and services of automobiles. It is engaged in the business of sale of automobile spare parts, accessories, repair and maintenance services. Its range of services includes car cleaning and detailing to regular maintenance, from running repairs to breakdown services, as well as replacements for genuine spare parts and accessories.

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