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Automotive spare parts aggregator Garaaz raises Rs 4.55 Cr in seed round

EntrackrEntrackr · 8m ago
Automotive spare parts aggregator Garaaz raises Rs 4.55 Cr in seed round
Medial

Snippets Automotive spare parts aggregator Garaaz raises Rs 4.55 Cr in seed round Automotive spare parts aggregator Garaaz has raised Rs 4.55 crore (around $530K) in its seed round from GVFL. The Jaipur-based startup plans to expand across states, improve R&D and tech infrastructure, and build a scalable support and logistics network. Founded in 2019 by Shaleen Agarwal, the SaaS-enabled platform connects workshops with spare parts suppliers, offering over 8 million parts across 25 car brands. Its tech-led platform allows easy access to inventory lookups, order management, workshop tracking, and analytics, thereby solving pain points around product availability, pricing opacity, and delivery delays in the aftermarket space. The firm generates revenue through a combination of SaaS subscriptions, margins on transactions, and value-added logistics and data services. Garaaz claims to have seen 3X growth in the past two years, with sales doubling in FY24–25 over the previous year. Garaaz competes with several Indian startups operating in the auto aftermarket and B2B spare parts space. The list includes boodmo, SpareIt, Koovers, and Automovill. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

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AutoDukan raises $1 Mn in pre-Series A round

EntrackrEntrackr · 6m ago
AutoDukan raises $1 Mn in pre-Series A round
Medial

Snippets AutoDukan raises $1 Mn in pre-Series A round AutoDukan, an AI-driven automobile aftermarket platform, has raised $1 million in a pre-Series A round led by Choice Group and select HNIs. Existing investors MetroMax Group (India) and Ankit Sajnani also participated. The startup earlier raised a seed round from Rohit Goyal, Windrose Capital, and Raghu Venkatraman, followed by an angel round from MetroMax Group (USA) and Ankit Sajnani, which helped launch and expand its core platform. AutoDukan works in the auto aftermarket by digitising spare part procurement, insurance claim workflows, and multi-brand workshop enablement. Its AI-powered platform maps spare parts to vehicle models, predicts demand, and automates procurement, delivering speed and transparency to insurers, fleet operators, and workshops. The new funds will be used to scale operations across key automotive regions, enhance AI capabilities in demand prediction and claims automation, and deepen partnerships with insurers, fleet operators, and OEM suppliers. The company also plans to strengthen its team across AI, operations, and market development. AutoDukan reported 10× growth in the past two years, serving over 2,000 clients nationwide, mapping 2 million spare parts, and maintaining a live inventory of 200,000 parts updated daily. The firm competes with players like GoMechanic, Automovill, and OEM-backed service platforms.

Amicco raises $1 Mn in seed round led by Eximius

EntrackrEntrackr · 11m ago
Amicco raises $1 Mn in seed round led by Eximius
Medial

Amicco, a B2B marketplace for auto spare parts, has raised $1 million in its seed funding led by Eximius Ventures, with participation from FJ Labs and other investors. The proceeds will be used to expand its network of independent garages, improve its tech platform, and strengthen its go-to-market efforts. Founded in 2024 by Vivek Aalok, Amicco helps garages access spare parts more easily, with better pricing and faster delivery. Vivek, who has previously worked on Wall Street and at Spinny, launched Amicco after seeing first-hand the inefficiencies in the auto aftermarket. Currently active in Gurugram, Amicco plans to scale to more cities across India. Its technology focuses on reducing downtime, improving customer service, and bringing transparency to a highly fragmented industry. Eximius Ventures, the lead investor in this round, is a pre-seed stage venture fund known for backing early-stage startups across fintech, SaaS, healthtech, gaming, and online media. Some of its notable portfolio companies include Jar, STAN, Skydo, and Eka.care.

Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round

EntrackrEntrackr · 8m ago
Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round
Medial

Snippets Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round Deep-tech space startup Astrophel Aerospace has raised Rs 6.84 crore (around $800K) in a pre-seed funding round from a group of angel investors and venture firms. The Pune-based startup will use the funds to build a prototype of its reusable semi-cryogenic launch vehicle and to expand in-house R&D efforts focused on building advanced missile-grade guidance and propulsion systems. Founded in 2022 by Suyash Bafna, Astrophel Aerospace is building cost-effective, reusable launch vehicles specifically tailored for small satellites. It operates on a vertically integrated model designing, engineering, and testing propulsion systems in-house. The firm’s Astra C1 series rockets are powered by in-house developed semi-cryogenic engines and built using a combination of 3D printing and modular assembly. Astrophel claims to be among a limited number of Indian private companies to have successfully test-fired a semi-cryogenic engine, and achieved this with just Rs 6 lakh in internal resources and no external funding before this round. It is now aiming for a working, reusable prototype within the next 2–3 years. The startup is building its flagship Potentia C1U engine using modular design and manufacturing principles adapted from the automotive sector. Astrophel has also signed an MoU with ISRO to support co-development and testing. In India, its key competitors include Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Pixxel among others.

Personal finance startup Finanjo raises Rs 1.5 Cr pre-seed funding led by AJVC

EntrackrEntrackr · 16d ago
Personal finance startup Finanjo raises Rs 1.5 Cr pre-seed funding led by AJVC
Medial

Personal finance startup Finanjo raises Rs 1.5 Cr pre-seed funding led by AJVC Jaipur-based personal finance startup Finanjo has raised Rs 1.5 crore in a pre-seed funding round fully backed by early-stage venture fund AJVC, led by Aviral Bhatnagar. The capital will be used for product development, including strengthening Finanjo’s AI assistant Jo, improving decision intelligence, and expanding goal-based and credit optimisation features. It will also be deployed to enhance Account Aggregator infrastructure, hire across product, engineering, and content teams, scale user acquisition through partnerships and community-led channels, and build regulatory and compliance readiness for future financial product integrations. Founded by Prithviraj Singh Chauhan and Pankaj Singh Chauhan, Finanjo is a behaviour-first personal finance platform focused on young Indian users. The founders are also co-founders of Backstage with Millionaires, a YouTube channel covering Indian startups and entrepreneurship. Finanjo uses India’s Account Aggregator framework and AI to provide users with a consolidated, real-time view of their savings, spending, investments, and liabilities, and offers data-backed financial guidance through its platform. The startup has onboarded over 5,000 users within weeks of its beta launch, with around 500 daily active users, and reports more than Rs 25 crore in connected savings on the platform. It has generated early revenue through fixed deposit and mutual fund referral commissions. Finanjo is the latest addition to the portfolio of Aviral Bhatnagar-led AJVC, which has been actively backing early-stage startups.

Automoto raises first tranche of extended pre-seed at Rs 100 Cr valuation

EntrackrEntrackr · 1y ago
Automoto raises first tranche of extended pre-seed at Rs 100 Cr valuation
Medial

Automoto, a vehicle ownership platform, has raised the first tranche of its extended pre-seed funding round, achieving a valuation of Rs 100 crore ($12 million). The round was led by Venture Bridge, with participation from angel investors and high-net-worth individuals (HNIs). The funds will primarily be used to launch Automoto’s first experience center, which will serve as an integration hub for its digital products, the company said in a press release. Founded in 2018 by Sreeraj, Automoto focuses on quick service and automotive care for a range of vehicles, from two-wheelers to commercial trucks. Its medium to long-term strategy includes offering value-added services such as insurance, IoT integration, connected vehicles, a marketplace, and analytics for automotive insights. Based in Mumbai, the company is developing a B2B2C enterprise management system aimed at enhancing the vehicle ownership journey in India. The upcoming experience center will integrate these digital offerings, allowing the company to demonstrate its value propositions and the viability of its solutions in real time. Automoto seeks to address the challenges of vehicle ownership globally by streamlining and enhancing the entire vehicle lifecycle journey, from purchase and servicing to customer engagement.

Electronics manufacturing startup Indigrid Technology raises Rs 40 Cr in Series A

EntrackrEntrackr · 29d ago
Electronics manufacturing startup Indigrid Technology raises Rs 40 Cr in Series A
Medial

Electronics manufacturing startup Indigrid Technology raises Rs 40 Cr in Series A Electronics manufacturing startup Indigrid Technology has raised Rs 40 crore ($4.4 million) in a Series A funding round led by Valour Capital, with participation from ITI Growth Opportunities Fund, Vimson Group, and Global South Capital. Earlier in September last year, Indigrid had raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners. The fresh capital will be used to expand manufacturing capacity, strengthen research and development capabilities, support working capital requirements, and explore integration opportunities across the value chain. Founded in 2015 by Sameer Narang and Rishab Purias, Indigrid develops and manufactures embedded electronic systems for automotive and consumer appliance sectors. Indigrid manufactures products such as motor controllers, DC-DC converters, and regulator rectifiers for automotive OEMs, along with control systems for consumer appliances and battery pack assemblies for EVs and drones. Indigrid operates a manufacturing facility in Gurugram and has recently set up an additional unit in Goa. It has also secured land in Goa to establish a larger production facility. The startup claims to have reported revenue of Rs 108.5 crore in FY25 and expects revenue between Rs 200 crore and Rs 250 crore in FY26. It also has an order book of around Rs 600 crore for FY27.

Six Sense Mobility raises $4.8 Mn led by Ashish Kacholia

EntrackrEntrackr · 28d ago
Six Sense Mobility raises $4.8 Mn led by Ashish Kacholia
Medial

Six Sense Mobility raises $4.8 Mn led by Ashish Kacholia Electronics and mobility equipment manufacturer Six Sense Mobility has raised $4.8 million in a funding round led by Ashish Kacholia, with participation from existing investor Piper Serica Angel Fund. Six Sense had previously raised Rs 6 crore in a seed round led by Piper Serica in 2024. The fresh capital will be used to set up a new manufacturing facility, expand production capacity, strengthen supply chain capabilities, and support early-stage product development. Founded by Abhinav Sinha and Vishal Gupta, Six Sense Mobility operates in the electronics and mobility equipment manufacturing segment, supplying components and assemblies to original equipment manufacturers (OEMs) and technology firms. The firm manufactures and supplies hardware, firmware, and software designs directly to automotive original equipment manufacturers (OEMs) and fleet operators with in-house manufacturing and design capabilities for smart mobility solutions. It currently counts OEMs like Volvo Eicher Commercial Vehicles and Sonalika Tractors among its clients, designing and manufacturing parts such as advanced telematics control units, body control units, and intelligent implement control systems for these companies.

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