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Canbank Vc, Hnis Invest $1 Million In B2B Auto Supplies Platform Koovers

Jun 17, 2022•about 3 years ago

Amount Raised

$1 Million

Round Type

seed

Description

New Delhi: CanbankVC and two high-net-worth individuals (HNIs) have invested $1 million in Koovers, a business-to-business (B2B) automotive supplies platform.

Company Information

Company

Koovers

About

The company said it will use the funds to enter more markets across India, expand its product portfolio and upgrade its technology platform. The company has more than 5,000 workshops in its network and has clocked 100% year-on-year growth even through Covid. “In the future, the company will target to expand their offerings to include parts for commercial vehicles, two-wheelers, etc,” the release said. Founded in 2016 by Vinayak, Sandeep Begur and S Prem Kumar, Koovers provides automobile workshops doorstep delivery of genuine spares of all car manufacturers at affordable prices.