Automative services platform for cars, GoMechanic has secured $250K from Venture Catalysts, a Mumbai-based Seed fund and innovation platform.
The raised funds will be utilised to build its tech infrastructure and towards expansion of its team.
Founded in April 2016 by Amit Bhasin, Kushal Karwa, Nitin Rana and Rishabh Karwa, the startup aims to leverage technology to assist Indian car owners find automobile repair & maintenance service providers in their vicinity, and provides original spare parts for all the services booked at its partner service centres. The startup also ensures availability of spare parts in a timely fashion through personalised procurement. In addition to that, it also offers guarantee on all spare parts provided up to three years.
Amit Bhasin, co-founder, GoMechanic, said, “We 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.”
Users can access its services via GoMechanic’s website or app. As per an official statement, the platform has tied up with service providers to ensure high-quality service delivery and supports them in customer relationship management, procurement, and workflow management.
Commenting 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.”
Players in this space who have raised funds include, Bengaluru-based automotive services marketplace startup Cartisan, which raised an undisclosed round of funding led by YouWeCan Ventures; and ecommerce marketplace for automobile parts & services, SparesHub, that raised pre-series A round of funding.
Other startups operating in the similar space include Carista, Bumper, BookMyTime, Mind Your Fleet etc.
