Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 03 2018

Auto services startup GoBumpr bags Rs 4 cr funding from Chennai Angels, Keiretsu

The startup offers car and bike owners an end-to-end platform where they can find, book and pay for automobile services.

Northerly Automotive Solutions Pvt. Ltd, which operates automobile services platform GoBumpr, has raised $600,000 (around Rs 4 crore) in a pre-Series A round of funding from existing investors The Chennai Angels (TCA) and global investor network Keiretsu Forum.

In a statement, GoBumpr said that the individuals who contributed on behalf of TCA included Vinod Kumar Dasari, managing director of Ashok Leyland; Shankar V, director at Acsys Investments; Ramaraj R, founding member of Elevar Advisors.

Priyamvada Balaji, wholetime director at Lucas Indian Service; Ramesh Mangaleswaran senior partner at McKinsey; and Gopal Mahadevan, Chief Financial Officer at Ashok Leyland were the other members of the angel network who participated.

“We have established presence and scaled GoBumpr services in Bengaluru and Chennai in the last 12 months,” said Karthik Venkateswaran, Co-founder of GoBumpr. “With our success in these two metros, we are confident of scaling the platform not only to other metros but also to other businesses within the automobile aftermarket.”

In February last year, GoBumpr had raised $300,000 led by The Chennai Angels.

Before that, the startup had raised funding from the Chennai chapter of global angel network Keiretsu Forum in the latter half of 2016.

GoBumpr was founded by Karthik Venkateswaran, Nandha Kumar Ravi and Sundar Natesan in August 2015.

Venkateswaran and Ravi are alumni of Indian Institute of Management-Shillong, while Natesan is a graduate from the College of Engineering, Guindy, Chennai.

The startup offers car and bike owners an end-to-end platform where they can find, book and pay for automobile services.

GoBumpr provides various services including regular servicing, repair jobs, body works including denting, tinkering, painting and also offers 24-hour on-road assistance. It is currently operational in Chennai, Coimbatore, Bengaluru, Hyderabad and Trichy.

“Beyond services, the extension of GoBumpr’s platform to spares, tyres, accessories, used cars has worked really well for the company and this overall aftermarket tech platform will be a boon to the industry,” said Dasari of Ashok Leyland.

Comment
image
Related opportunities
  • Kitchen
    About Us: Ellementry is the perfect blend of handcrafted art manufacturing..
    Locations looking for expansion Rajasthan
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Master Franchise have owned and operated Eagle Boys Pizza in..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Exponential learning Pvt. Ltd. is an established institute based..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Courier & Delivery
    About US. World Health Care Mart is a leading Teleshopping..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya 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