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CarZ Uses USD 5 million Funding to Open Nine New Outlets

Team YS
17th May 2012
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CarZ, a multi-brand car service network raised Series-A funding of $5 million from Indo-US ventures for its expansion plans. Carz has opened nine service outlets in Guntur, Khammam, Rajahmundry, Kakinada, Nellore, Anantapur, Tirupati, Visakhapatnam and Vijayawada.

CarZ, which commenced operations in Hyderabad in 2008 now has 12 outlets across Andhra Pradesh (including three in Hyderabad and two in Bangalore) with plans for a phased nationwide rollout.

Venu Donepudi, Managing Director, CarZ said, “Andhra Pradesh is a huge market for us with the fifth highest population in India of nearly 840 million people. It also has one of the highest growth-rates for vehicle ownership in the country. At CarZ, our constant endeavor is to provide end-to-end solutions to discerning Indian car owners.”

Vijay Gummadi, CEO of CarZ said, “We plan to create new benchmarks in customer service and product offerings in the automobile industry. It’s our endeavor to provide complete auto care solutions to our customers which include preventive maintenance, electrical & mechanical repair, accident repair – denting and painting, tyres and services, battery, variety of styling and performance accessories, interior and exterior detailing.“

"CarZ has tied-up with several public and private insurance companies for processing cashless insurance claims as well as insurance renewals. CarZ also offers express and mobile service to customers, where one can get their car picked up from their doorsteps at night and get it back (in case of minor maintenance repair) the next day at no extra cost," added Vijay.

 

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