Car bodyshop Fixcraft raises $1 million for expansion, hiring personnel

fixcraft funding, Vivek Sharma, car bodyshop, fixcraft founders, car repair, Abhishek Goyal, Fixcraft, inderjeet rao

Bengaluru: Fixcraft, a tech-enabled car bodyshop, has raised $1 million in equity and debt from a marquee angel investor and Ubiquity Capital, respectively.

Leaders of India’s startup ecosystem—including BharatPe’s cofounder Shashvat Nakrani, Oyo India CEO Rohit Kapoor, Oyo’s CSO Maninder Gulati and UrbanLadder founder Ashish Goel—also participated in the pre-Series A funding round, according to a statement.

The startup will use the funding to expand presence in Maharashtra, Karnataka and Andhra Pradesh, and strengthen its operations and technology teams. It intends to open 10 new workshops by the end of the current fiscal.

Founded in October 2018 by Vivek Sharma, Abhishek Goyal and Inderjeet Rao, Fixcraft provides end-to-end car-repair services—from picking up the vehicle from a customer’s location to filing insurance claims, if any, in case of an accident. The company, which at present has three workshops in Delhi NCR, claims to have provided services to 3,500 customers till date.

The startup has so far raised $1.5 million, including the current round.

“The auto repair industry has been in dire need of a tech-enabled player to handle the lack of trust and high cost of repair and service. We witnessed a 400% year-on-year growth, and are targeting to maintain the momentum across our B2C and B2B channels equally,” said Sharma, who is also the chief executive of the company.

“The pandemic certainly wreaked havoc across the sectors. However, post lockdown, people relied on their own personal vehicles over shared mobility. This phenomenon appears to have given a push to the auto service sector,” according to the statement.

News Related

OTHER NEWS

High Court ruling fails to lift EaseMyTrip shares; stock tanks 13% in 2 sessions

NEW DELHI: Shares of Easy Trip Planners, which runs EaseMyTrip , continued to tank on Tuesday despite a Delhi High Court order seeking clarification on BSE’s action to put the ... Read more »

HDFC launches festive offer; home loan at 6.7 pc

Country’s biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent. Last week, SBI as part ... Read more »

Backstabber Sharad Pawar can't be our guru; MVA govt just adjustment: Shiv Sena leader

File image Former Union minister and Shiv Sena leader Anant Geete has said NCP chief Sharad Pawar who had “backstabbed” Congress to form his party cannot be a “guru” for ... Read more »

Why are BMW and Daimler being sued over climate change?

German activists have filed a lawsuit against automakers BMW and Daimler for refusing to tighten carbon emissions goals, the first time German citizens have sued private companies for exacerbating climate ... Read more »

Astrological incompatibility can't be an excuse to go back on marriage promise: HC

The Bombay High Court refused to discharge a 32-year-old man from a rape and cheating case noting that he had used “astrological incompatibility” of horoscopes as an excuse to resile ... Read more »

Dancing, starry dwarf and narrow-mouthed: new species make India a frog paradise

It is barely the size of a thumbnail, so it may not come as a surprise that it took so long to spot the starry dwarf frog. It was discovered ... Read more »

HMD Global event announced for October 6

HMD Global have scheduled an event for October 6 HMD Global – the caretakers of the Nokia brand – have announced an event scheduled for October 6. The company share ... Read more »

Vaccine winners: Stocks that benefit from India's rapid inoculation drive

MUMBAI: India’s vaccination drive has been smashing records off late after the country inoculated more than 20 million individuals on Sunday. The status of the vaccination drive is a far ... Read more »

This Shark hair dryer is a game-changer for curly hair

Blow drying your hair is something many of us do on a regular basis, and on the surface appears to be a relatively easy task. All you have to do ... Read more »

Joan 6 Pro makes booking a meeting room a breeze

As people return to the office and start to wrestle once again with booking meeting rooms and boardrooms, an updated solution to an existing market-leading device is on the horizon. ... Read more »

Cambodia: Students create prototype manned drone

With eight propellers and using a school chair for the pilot's seat, the drone was developed at the National Polytechnic Institute of Cambodia. Read more »

MLBB to host anniversary gala, month-long giveaway for 5th anniversary

(Photo: Moonton Games) Mobile Legends: Bang Bang (MLBB) developer Moonton Games announced on Tuesday (21 September) that they will be hosting an online gala to celebrate the game's fifth anniversary ... Read more »

What's next for OnePlus? - OxygenOS and ColorOS teams become one

When OnePlus announced its product and R&D teams’ merger with Oppo’s back in June, there was speculation that OnePlus potentially switching from OxygenOS to ColorOS (the Android overlay used by ... Read more »

Post-IPO Robinhood wants to dive into cryptocurrencies

After its IPO in July, trading platform Robinhood is now said to be planning to load up its app with new features like a cryptocurrency wallet. According to a report ... Read more »

Robinhood testing crypto wallet, cryptocurrency transfer features: Report

Robinhood Markets Inc is testing new crypto wallet and cryptocurrency transfer features for its app which would allow customers to send and receive digital currencies such as bitcoin, Bloomberg News ... Read more »

US states rally around proposed laws to rein in Big Tech

A bipartisan group of U.S. state attorneys general sent a letter to lawmakers on Monday urging them to pass a series of bills that tighten antitrust laws aimed at Big ... Read more »

In 2020, Noida saw most cases of cyber frauds in the state

At 1,585, Gautam Budh Nagar has seen the highest number of cybercrimes in the state in 2020, when a majority of people confined to homes because of the lockdown shifted ... Read more »

Sebi drops adjudication proceedings against RIL in alleged incorrect financial disclosures matter

NEW DELHI: Markets watchdog Sebi has disposed of adjudication proceedings without imposing any penalty on Reliance Industries Ltd in a matter related to alleged incorrect disclosure of diluted earnings per ... Read more »

SBI Cards tanks 6% as Carlyle arm sells stake worth Rs 3,267 crore

New Delhi: Shares of SBI Cards & Payment Services tanked 6 per cent in early trade on Tuesday as Carlyle Group sold its stake worth Rs 3,267 crore in the ... Read more »

Ride-hailing giant Didi Chuxing denies executive Jean Liu is leaving amid Beijing's ongoing cybersecurity probe

Chinese ride-hailing giant Didi Chuxing denied a Reuters report that its co-founder and president Jean Liu was on her way out and threatened legal action to fight the “malicious” spreading ... Read more »

Bitcoin, Ethereum slump as market selloff widens

Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande’s troubles spread across financial markets. Bitcoin, the world’s biggest and ... Read more »

COVID-19: Lowest number of active cases witnessed in last 184 days

New 26,115 cases of coronavirus infection were added to India’s total count of 3,35,04,534 so far. The active cases declined to 3,09,575, the lowest number to be witnessed in 184 ... Read more »

Raj Kundra expected to walk out of jail today after bail by Mumbai court in porn case

Businessman and actor Shilpa Shetty’s husband Raj Kundra along with his associate Ryan Thorpe is expected to walk out from the jail on Tuesday morning, a day after he was ... Read more »

JP Morgan Chase launches new digital bank brand in the UK

A new digital bank brand offering cashback and money management features has been launched in the UK by JP Morgan Chase. The Chase brand already provides a range of financial ... Read more »

Ahmedabad bans unvaccinated people from public transport, other places: Check details

(Image: Reuters) In a bid to encourage more and more people to get vaccinated against COVID-19, Ahmedabad Municipal Corporation in Gujarat has mandated that people be inoculated with at least ... Read more »

Canada election 2021 live results: Liberals projected to win most seats, will form minority government -- just like last time

Canada's unprecedented COVID-19 pandemic election was never going to be easy. The 36-day whirlwind campaign kicked off with many Canadians asking why they were even heading to the polls during ... Read more »

India's largest private lender, HDFC Bank, plots path to double retail loans

HDFC Bank, India’s largest private lender, plans to double the amount of loans it makes to retail borrowers over the next couple years as consumer demand ramps up from a ... Read more »

Best Apple iPhone 13 cases, chargers and cables

Apple recently released the latest set of phones — the iPhone 13-series. Many of you must be planning to upgrade to the latest series and no matter what kind of ... Read more »

COVID-19 Vaccine Tracker: Over 96.46 lakh doses on September 20

On the 248th day of the COVID-19 vaccination drive, 57.11 lakh beneficiaries received their first shot and 39.35 lakh their second dose. (Representative image: Reuters) More than 96.46 lakh COVID-19 ... Read more »

Gabby Petito case becomes point of interest for internet sleuths on social media

The extensive reach of social media has become a focal point in the disappearance of travel blogger Gabby Petito. Petito had been traveling cross-country with her boyfriend, Brian Laundrie, in ... Read more »

88% of Nifty50 stocks trade above 200-DMAs. Here's what they hint at

NEW DELHI: As many as 44 of the 50 Nifty stocks traded above their 200-day simple moving averages (SMAs) on Monday. For a similar number of stocks, their 50-day SMAs ... Read more »

Investors grappling with Evergrande fallout weigh risk of wider pain

NEW YORK: Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the ... Read more »

Jaishankar raises COVID-19 quarantine issue during his meeting with UK counterpart

External Affairs Minister S Jaishankar urged for an “early resolution” of the COVID-19 quarantine issue and discussed the situation in Afghanistan and the developments in the Indo-Pacific during his meeting ... Read more »

The Polestar 2 is a Reasonably Priced EV with Panache and Performance

© Paul Barshon / Beadyeye The “guiding light” in the EV space has found the Goldilocks zone with an electric vehicle that offers equal parts torque and opulence. The Takeaway ... Read more »

No indication of COVID-19 third wave yet: Maharashtra health minister

(Representative image: Reuters) Maharashtra Health Minister Rajesh Tope, on September 20, said there was no indication of the onset of COVID-19 third wave in the state. He, however, said that ... Read more »

Xiaomi has a new ‘offline problem' to deal with

The rift between smartphone major Xiaomi and its offline retailers seems to be widening. Some Mi preferred partner store owners across India are unhappy with Xiaomi launching new smartphones online ... Read more »

Haitian journey to Texas border starts in South America

1 / 3Border Haitian DiasporaRobins Exile, of Haiti, eats at a Haitian restaurant, Monday, Sept. 20, 2021, in Tijuana, Mexico. Exile arrived to Tijuana the day before after changing his ... Read more »

Justin Trudeau to remain Canada's prime minister; Liberal Party appears to fall short of majority

Canadians gave Prime Minister Justin Trudeau’s Liberal Party a victory in Monday’s parliamentary elections, but his gamble to win a majority of seats appeared to have failed. The Liberals were ... Read more »

How Tata is betting big on online healthcare

With the ambition of launching a Super App, the Tata group is betting big on the healthcare segment through Tata Health, which provides teleconsultation services and, in the future, aims ... Read more »

Older sisters better than older brothers for elephants, research suggests

Young elephants benefit from having older sisters more than older brothers, new research suggests. Researchers at universities in Finland, the UK and Myanmar found that Asian elephant siblings influence younger ... Read more »