Fixcraft Raises Funding $1M In Pre-Series A Round Led By Marquee Angel Investors
- BySheetal Sidhu | July 29, 2021
Fixcraft, a full-stack cloud-garage car servicing startup, on Thursday raised $1 million in a pre-Series A round in equity led by marquee angel investor and debt led by Ubiquity Capital. The round saw participation from renowned startup founders from Indian Startup ecosystem Amit Lakhotia (CEO, Park Plus), Dhruv Dhanraj Bahl (COO, BharatPe), Shashvat Nakrani (Co-founder, BharatPe), Rohit Kapoor (CEO, Oyo India and SEA) Maninder Gulati (Global CSO, Oyo), Deepak Jain (Partner, Bain & Co), Ashish Goel (Founder CEO, UrbanLadder), Akshay Saxena (Co-founder, Avanti Fellows), Anshoo Sharma (Co-founder, MagicPin) Manu Jain (Founder, Carbun8), Sumit Jain (Unacademy), and other prominent startup founders.The startup will use the funds to widen its presence in Maharashtra, Karnataka, and Andhra Pradesh, and in strengthening the Operations and Technology teams.
The brand has already provided services to 3,500 customers till date and plans to double the number by the end of the FY22. “The auto repair industry has been in dire need of a tech-enabled player to handle the lack of trust and high cost of repair and service. Fixcraft’s cloud garage AI-driven, full-stack model has seen very high degree of acceptance in end customers and ecosystem players like motor Insurance companies and aggregators alike. “We witnessed a 400 percent year-on-year growth, and are targeting to maintain the momentum across our B2C and B2B channels equally. We will be looking to invest heavily in technology to continue our mission to be the most trusted brand in the automotive sector,” Vivek said .
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