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B2B Automobiles spares startup Koovers has raised $1.5 million in a funding round led by Inflection Point Ventures. Other investors in the round include JPIN-VCats and Venture Catalysts. The funds raised will be used to enter more geographies across India, expand product portfolio and to upgrade its technology platform.
Koovers assures workshops of spares with ease of ordering, doorstep delivery, genuine and complete basket of spare parts of all Car Manufacturers. Koovers has more than 5,000 Workshops in the network and has clocked 100 per cent YoY growth despite the Covid lockdown, with an average revenue run rate of $4.5 million.
Mitesh
