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Amicco raises $1 Mn in seed round led by Eximius

EntrackrEntrackr ยท 2m 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.

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

EntrackrEntrackr ยท 6d 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 FY24โ€“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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