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Business Standard raises Rs 7 cr in fresh round of funding

Press Trust of India  |  New Delhi 

Online automotive marketplace said Thursday it has raised Rs 7 crore from an undisclosed Ukrainian private investment fund.

With this, the startup has received a total funding of Rs 27 crore, the company said in a statement.

Founded in 2015 by Ukrainian entrepreneurs Sokolnikov and Oleksandr Danylenko, claims that it offers over one million varieties of car by 400 suppliers of over 3,000 Indian as well as international brands.

"With this fresh funding, we plan to improve the with the aim of handling more inventory at the hubs on a monthly basis and expediting the product delivery process. This will in turn help us improve our overall performance," said.

The company has launched two sorting hubs in and recently.

Currently, the physical auto industry in is unorganised, with customers often facing issues like unavailability of parts, price disparity and lack of guarantee, he said.

"The advent of has given people an opportunity to get their requirements delivered in a competent and quick manner to their doorstep from an authentic supplier," Danylenko added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 13:45 IST