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SpareIt is building India’s largest aftermarket automotive tech marketplace
Basic Information
SpareIt is India's largest garages network platform. It is about making business easy in India, about making B2B commerce convenient and efficient. It connects workshops with distributors and manufacturers who sell more than 30 lakh spares ranging across categories in the automotive aftermarket. SpareIt is a B2B SaaS Digitisation Platform that enables independent aftermarket workshops to automate their offline business processes, enables spares sourcing and delivery at their doorstep, accepts and makes payments to customers online using their platform, and get access to credit, using technology.
Legal Name
:
E Carobaar Technologies Pvt Ltd
Headquarters
:
Bangalore, Karnataka, India
Business Model
:
B2B  
Founding Date
:
2019
No. of Employees
:
<10
Core Team
:
1.  
Romi Chugh
Co-Founder
2.  
Prashant Kamdar
Co-Founder
Timeline

2020

Product Launch

Product Launch

The MVP was launched after lockdown, onboarded 148 garages in 1st month.

2021

Advisor Onboarded

Advisor Onboarded

Onboarded Mr. Vinay Piparsania, CEO IIT Delhi, Ex-CEO Ford India, MyTVS, BMW Oman.

Accelerator / Incubator Program

Accelerator / Incubator Program

Nasscom 10000 startups, Shell E4 Accelerator program

Product Userbase Milestone

Product Userbase Milestone

4000+ garages on our platform (9 months)

Target Market
B2B
Aftermarket garages (unorganised mechanics) are the target segment.
Client Segment
:
Automotive,  Marketplace  
Target Companies
:
Startup,  Small Enterprise,  Medium Enterprise  
Target Geography
:
Funding
Investors
:
1.  
KP Nagesh
2.  
Kaustav Das
3.  
Raj Patil
4.  
Pooja Umashanker

See More

Detail Round Breakdown
Round 1

$150k

Series Name
:
ANGEL
Date
:
15th Dec 2020