B2B automobile spares startup Koovers has raised $1.5 million led by Inflection Point Ventures (IPV), JPIN-VCats and Venture Catalysts.
According to the Delhi-based startup, the assets will be utilized to expand its quality across India, expand its item portfolio, and upgrade its innovation platform.
Established in 2016 by Vinayak YB, Sandeep Begur and S Prem Kumar, Koovers centers around supplying genuine spare parts to independent auto studios and the aftermarket biological system including ordering and doorstep conveyance.
The startup has more than 5,000 studios in its organization. Regardless of the COVID-19 lockdown, it claims to have timed 100% annual development with $4.5 million ARR.
Koovers is the 36th deal for IPV in 2021. According to the VC firm, it has so far invested Rs 292 crore across 98 deals and is probably going to invest Rs 155 crore this year across in excess of 60 startups.
