Undertaking Catalysts invests in potential tech-dependent ventures from time to time. This time the seed expense and innovation system has verified to invest into GoMechanic, an car servicing alternatives start-up. The funding truly worth $250k is the fifteenth facilitated expense by Undertaking Catalysts in present year and is witnessed as most energetic angel expense network in the place.
Talking about GoMechanic, it is a system which provides servicing, repairs and cleansing of cars through a a network of lover car workshops. The venture was initiated by a quartet- AmitBhasin, KushalKarwa, Mr.NitinRana and RishabhKarwa in April 2016. Solutions are available at price tag gap of thirty-fifty% and can be booked working with the GoMechanic app or web site.Main solutions include periodic maintenance, denting painting, significant repairs, automobile cleansing and altering tyres and batteries.
The seed expense by Undertaking Catalysts would be channelized towards tech infrastructure and staff expansion. The corporation strives to have a chain of forty-plus garages in Delhi/NCR and more than four hundred verified services companies on their system. Also, corporation would be targeting place’s automobile immediately after-gross sales services and spares industry in in close proximity to future whose approximate truly worth is $22 billion.
Speaking upon the similar, Anuj Golecha, Co-founder, Undertaking Catalysts claims,
Despite its higher probable, the automobile immediately after-gross sales and spares industry is highly unorganised, and is plagued by issues as this kind of lack of transparency in pricing, spurious spare pieces, and minimal-top quality workmanship. With engineering at the main of its presenting, GoMechanic is aiming to disrupt the segment.
We are self-confident that, with its special services proposition, GoMechanic will be capable to build by itself as the system of selection for both of those automobile owners and car maintenance services companies.
Previously, Undertaking Catalysts had invested $five hundred,000 in Beardo, an Ahmedabad-dependent startup for men’s grooming products. The investments in varied industries and products exhibits its flexibility and attain of its angel network. Furthermore it had acquired $five hundred,000 from Zaffiro Ventures back again in August which is now becoming used toward expansion.
Amit Bhasin, Co-founder, GoMechanic spoke upon the deal as ,
We are delighted to be picked out for expense by Undertaking Catalysts, which has set up by itself as one particular of the most well-equipped and energetic angel expense networks in the place.