Koovers, A B2B Auto Spares Startup, Raises $1.5 Million
10/27/21, 4:34 PM
Money raised
$1.5 million
Round Type
seed
Koovers, a business-to-business auto spares startup, has raised $1.5 million in a round led by Inflection Point Ventures. Other investors in the round include JPIN-VCats and Venture Catalysts.
Company Info
Additional Info
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.