Venture Catalysts invests in potential tech-based ventures from time to time. This time the seed investment and innovation platform has confirmed to invest into GoMechanic, an automobile servicing solutions start-up. The funding worth $250k is the 15th facilitated investment by Venture Catalysts in present year and is seen as most active angel investment network in the country.
Talking about GoMechanic, it is a platform which provides servicing, repairs and cleaning of automobiles through a a network of partner automobile workshops. The venture was initiated by a quartet- AmitBhasin, KushalKarwa, Mr.NitinRana and RishabhKarwa in April 2016. Services are offered at price gap of 30-50% and can be booked using the GoMechanic app or website.Major services include periodic maintenance, denting painting, major repairs, car cleaning and changing tyres and batteries.
The seed investment by Venture Catalysts would be channelized towards tech infrastructure and team expansion. The company strives to have a chain of 40-plus garages in Delhi/NCR and over 400 verified service providers on their platform. Also, company would be targeting country’s car after-sales service and spares market in near future whose approximate worth is $22 billion.
Speaking upon the same, Anuj Golecha, Co-founder, Venture Catalysts says,
Despite its high potential, the car after-sales and spares market is highly unorganised, and is plagued by problems as such lack of transparency in pricing, spurious spare parts, and low-quality workmanship. With technology at the core of its offering, GoMechanic is aiming to disrupt the segment.
We are confident that, with its unique service proposition, GoMechanic will be able to establish itself as the platform of choice for both car owners and automobile maintenance service providers.
Previously, Venture Catalysts had invested $500,000 in Beardo, an Ahmedabad-based startup for men’s grooming products. The investments in varied industries and products shows its versatility and reach of its angel network. Moreover it had received $500,000 from Zaffiro Ventures back in August which is currently being used towards expansion.
Amit Bhasin, Co-founder, GoMechanic spoke upon the deal as ,
We are delighted to be chosen for investment by Venture Catalysts, which has established itself as one of the most well-equipped and active angel investment networks in the country.