Automobile servicing solutions startup GoMechanic has raised a seed investment of $250,000 from Mumbai-based seed investment and innovation platform Venture Catalysts. The funds will be used to build its tech infrastructure and for expanding the team.
GoMechanic was founded in April 2016 by IIM-Ahmedabad alumni Amit Bhasin and Kushal Karwa. Later, Nitin Rana and Rishabh Karwa joined the founding team.
The venture 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 platform also offers a guarantee on all spare parts provided up to 3 years.
Amit Bhasin, Co-founder, GoMechanic, said, “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.”