Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 24 2018

Car Servicing platform 'Pitstop' Bags Funding From Blume, Goldbell Group

Pitstop offers car-related services including regular service, mechanical and electrical repair, body repair and doorstep inspection.

Led by Singapore-based Goldbell Group and Blume Ventures, Bengaluru-based aftersales car service provider Pitstop has raised $1.6 million (Rs 10.6 crore) from existing investors in a pre-Series A round, said a company statement.

Pitstop offers car-related services including regular service, mechanical and electrical repair, body repair and doorstep inspection. Its recently launched doorstep services model is its flagship offering.

Owned and operated by Chatpay Commerce Pvt. Ltd, the company will use the funds to scale up its doorstep services across Bengaluru and Delhi-NCR besides strengthening its technology infrastructure, the statement added.

“We have experimented with our operating model and have serviced more than 2,300 vehicles at doorstep over past six months. Strengthening our business strategy along the same line, we want to build a platform that enables mobility and add great convenience to users thereby creating a hyper-local service model through a fleet of mobile vans plying across the geographies,” Mihir Mohan Mishra, founder and chief executive of Pitstop, said.

According to Mishra, the doorstep service can complete the general service of a vehicle in 90-120 minutes as against the duration of 5-6 hours in an authorised service station.

Founded by IIT Kanpur alumni Mishra and Nirant Ramakuru, Pitstop aims to standardise the unorganised auto service industry by offering a booking platform for repairs via garages and auto care centres.

The company’s target audience is customers whose dealership service warranty has expired. Using the company’s online platform, customers can place a car service request, track service progress, get notifications regarding updates on service orders, and make payments as well.

“We found a very high demand for doorstep service from Pitstop’s customers which has prompted us to allocate a large amount of resources to this strategy. The company will further be integrated into managing a customers’ car now from basic service and even accident repair to Pitstop’s partner workshop network, all this handled by a Pitstop service advisor who will be in touch with the customer through the service process,” Sajid Fazalbhoy of Blume Ventures said.

Comment
image
Related opportunities
  • Other Vocational Training
    Started in 2006, Indian Institute of Computer Science (IICS) is..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • About Us: Cyber Security Academy (CSA) is a brand of SkillCube...
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • India’s first dedicated Pay-Per-Workout gym! Identifying the tendency of Indians not..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Quick Service Restaurants
    About Us: The inception of the company begin with a humble..
    Locations looking for expansion Andhra pradesh
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities