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Auto aftermarket firm myTVS raises Rs 203 cr in funding from Lingotto

Company earlier got Rs 487 cr from Castrol India for business and technology collaborations

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The funds will be used to scale up its online-to-offline (O2O) business model, expand network, technology, and expand the country’s automotive aftermarket service for two and four-wheeler customers

Shine Jacob Chennai

2 min read Last Updated : Dec 15 2022 | 8:10 PM IST

Automobile aftermarket company myTVS has raised Rs 203 crore from an Exor fund managed by Lingotto, getting the money as part of a Series C funding.

The total Series C fundraising of Rs 690 crore included a combination of Rs 487 crore from Castrol India (Castrol) and Rs 203 crore from the Exor fund. Exor invested about Rs 350 crore in myTVS, which is part of TVS Mobility group, in 2021 and the latest funding increased its stake in myTVS to 11.5 per cent.

In November, myTVS announced the Castrol fundraising would be used for business and technology collaborations. The

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