Exclusive: Car repair aggregator BookServicing raises seed funding

StatSoft Technologies Pvt Ltd-run online car servicing platform BookServicing has raised Rs 20 lakh ($30,000) in seed funding from the National Science and Technology Entrepreneurship Development Board (NSTEDB), a government arm that promotes tech enterprises.

"The funds will be used for developing solutions for optimising operational inefficiencies in the automotive aftermarket and enhancing car owning experience for customers," Abhishek Rai, the founder of BookServicing told VCCircle.

Founded in April 2016 by Rai, the Delhi-based startup works with over 200 dealers and multi-brand workshops. The company assists its partner merchants to acquire new clients and retain repeat customers by helping them identify and plug operational inefficiencies. It also helps customers select the right vendor based on the facilities and their ratings. The company operates in the NCR.

BookServicing has tied up with original equipment manufacturers to automate the sector through remote analysis, assistance and by identifying personalised service needs of customers.

Picking pace

The online car servicing segment has witnessed a flurry of activity in the past one year.

In January, VOW CarClinic had raised an undisclosed sum from entrepreneur Vishal Malik.

In December, GoMechanic had secured seed investment of $250,000 (Rs 1.68 crore) from Venture Catalysts, while Carcrew raised $500,000 (Rs 3.4 crore) in an angel round led by TVS Group in November.

In the same month, car purchase and servicing platform BookMyTime had acqui-hired car management startup Servicemykar.

In September, Pune-based automotive services startup Demyto had received funding from Deepak Nathani, co-founder of technology consulting firm Cybage Software Pvt Ltd.

In June 2016, online marketplace for used automobiles Droom had raised Series B funding led by venture capital fund Beenext and Japanese internet company Digital Garage.