Car Repair Services Platform Raising Funds In Pune
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Product / Service
They provide a range of automotive services, including car servicing and other mechanical work, assistance with car insurance claims, car denting, and painting services, the manufacturing of coolant, and the sale of suspension parts.
Clientele type
They cater to direct customers. Tourist fleets as-well-as customers from the website.
Premises
LEASED
Lease per month (in INR): 107,500
Security Deposit (in INR): 275,000
Carpet Area: 7,800 sq ft
They have one office space on rent with the following details:
Rent: ₹27,500
Deposit: ₹75,000
Additionally, they also rent a workshop space with the following terms:
Rent: ₹1,05,000
Deposit: ₹2,00,000
Asking Price Includes
The terms of transaction will be discussed with potential investors.
Asking Price
INR 1.00 Crore
Minimum ticket size
INR 3,000,000 (INR 30.00 Lac)
Reason
They want to scale their operations to a higher level and are seeking funding to expand their marketing, increase stock for coolant, and enhance stock for suspension parts.
Other Details
They started an online platform in 2019, which connects them with customers without any middlemen. They provide car servicing, other mechanical work, accidental insurance claims, insurance policy renewal, and the sale of suspension parts to other workshops, and they are planning to set up a coolant manufacturing plant.
There are other online companies that do their work on a commission basis; they plan not to do that so the customer cost is lower than other companies. Also, they are renewing an insurance policy so they can create one more income source from the same office. They are planning to start a coolant trade and trade suspension parts to other workshops and their franchise workshop as well.
Business Tags
₹10 to ₹200 Cr
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