Tech-based automobile platform GoMechanic raises seed funding
Tech-based automobile platform GoMechanic has raised $250k as seed funding from tech-based ventures, Venture Catalysts.
Founded in April 2016, GoMechanic is the brainchild of IIM-Ahmedabad alumni AmitBhasin and KushalKarwa, with NitinRana and Rishabh Karwa completing the founding team. The venture aims to leverage technology to assist Indian car owners find the best automobile repair & maintenance service providers in their vicinity, and provides original spare parts for all the services booked at its partner service centers. In addition to making spare parts available in a timely fashion through efficient procurement, the platform also offers a guarantee on all spare parts provided up to 3 years.
Speaking on the investment, Amit Bhasin, Co-founder, GoMechanic, said, “We are delighted to be chosen for investment by Venture Catalysts, which has established itself as one of the most well-equipped and active angel investment networks in the country. 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.”
Having facilitated investments to the tune of $3 million in 15 start-ups nationally and overseas in the past one year, Venture Catalysts has established its position as the most active angel investment network in the country.