Cartisan raises seed funding from Yuvraj Singh, Global Founders Capital, and others
Bengaluru-based automotive service marketplace Cartisan has raised an undisclosed amount in its seed round funding from YouWeCan ventures, Global Founders Capital, TaxiForSure’s Aprameya R and others. The venture, which currently offers service only in Bengaluru, will use the money to accelerate growth, extend its operations beyond Bengaluru and broaden the service provider network.
“We also plan to utilize the money in product development. Currently, we are available on web portal and Android app. We will soon launch iOS application and increase features and functionality for both the customer and service providers,” says Venkat Sreeram, Co-founder & CEO, Cartisan.
Launched in June 2015, Cartisan is an automotive service marketplace that caters to all the vehicle service related requirements. It covers a broad range of service categories such as car cleaning and detailing, regular maintenance, running repairs, and breakdown services. It has more than 100 service providers on-board, including reputed chains like 3M Car care and Bosch car service.
Talking about the investment, Yuvraj Singh says, “We believe in Cartisan’s vision to simplify car care. It’s an innovative product catering to all the servicing related needs of a car owner. By investing in Cartisan, we want to help service providers grow their business and car owners to make an informed choice when it comes to servicing their beloved cars.”
TaxiForSure’s Co-founder Aprameya R says that Cartisan is looking to disrupt the automotive services space by bringing innovative services, transparency in pricing and service quality with comparative price estimates and ratings.
According to CII-ACMA, the automotive after-market servicing business in India is pegged at about $2 billion (excluding spare parts) in 2015.
In the past few months, the online automobile market has been observing large amount of investments from various quarters. From used cars to self-drive car rentals to automobile service providers, they are all securing funds. During June 2015, used car marketplace Truebil raised $500K funding from Kae Capital and Anupam Mittal. This month, automobile-focused classifieds marketplace Droom secured $16M. Early this month, self-drive car rental company Zoomcar raised $11 million from Sequoia Capital, Empire Angels and NGP.
Unlike the fluctuation observed in the offline automobile market, the online market is witnessing a peculiar growth. Players with different ideas and business activities are helping in the evolution of the online automobile market.
