Automovill gets funding from Mumbai Angels Network, others

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Guwahati: Automovill, a car service and repair company, has raised $500,000 in a bridge funding round led by Jay Nagrecha and Sandeep Daga of Mumbai Angels Network along with participation of existing investor NEDFi Venture Capital.

The startup has now raised a total of $1.2 million since inception.

The fresh capital will be utilised for bolstering technology, geographical expansion and mid-level hiring, and ramping up infrastructure of existing partner and hub networks, according to a company statement released on Wednesday.

“The change in the mobility sector and post-covid demand in private vehicles has been a great boost for Automovill to increase its customer base across the country,” said Mridu Mahendra Das, founder of Automovill. “With experienced team and adoption of technology in process automation, quality control and increased retail customer base, Automovill aims to increase its footprints in the B2B and B2B2C segments, including auto insurance providers.”

Founded in 2016, Automovill offers a one-stop solution for all automobile services and is among the fastest growing after-sales service companies in India,
according to its website. It has partnerships with more than 500 multi-brand workshops and handled over 50,000 orders so far. It is currently operational in Bengaluru, Hyderabad, Gurugram and Guwahati.

“Mobility is one of the fastest-growing sectors with a dynamic market and it’s important for players in the space to evolve and grow with increased technological adoption and scaling,” said Nandini Mansinghka, co-founder and chief executive officer of Mumbai Angels Network. “Automovill has been committed to providing seamless, tech-driven services to its customers and this funding will be a testament to the work Automovill has been doing.”

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