The workforce of VMotive will sign up for with Fixcraft as a part of the deal. Fixcraft targets to increase its presence within the home aftersales automobile marketplace with this acquisition.
The corporate says the workforce of V-Motive will sign up for with Fixcraft as a part of the deal
VMotive an automobile spares logo of Vogo has be got via Fixcraft, a automobile restore and repair startup in conjunction with the emblem’s trademark. The workforce of V-Motive will sign up for with Fixcraft as a part of the deal. Fixcraft targets to increase its presence within the home aftersales automobile marketplace with this acquisition. Currently, Fixcraft, which was once shaped in 2018, operates in Delhi NCR and Bengaluru and plans to increase to ten metro towns in one year. The corporate imaginative and prescient is to be an entire participant within the Indian automobile restore and repair trade that provides end-to-end resolution. By obtaining V-Motive Fixcraft would have the ability to be offering fine quality and authentic spares to the sellers and workshops and can make sure that simple availability as according to the designed specification.
Fixcraft Founder & CEO Vivek Sharma stated “VMotive in Fixcraft’s portfolio of choices makes our play within the post-sales automobile restore and repair phase deeper throughout all the price chain. We proceed to paintings in opposition to elevating the factors of submit gross sales automobile restore and repair via operating for all stakeholders within the trade.”
Fixcraft had raised a complete of $2.5 million (just about ₹ 20 crore) until date with micro-VCs and marquee angel buyers together with Good Capital, Bharat Founders’ fund, Maninder Gulati (Oyo), Rishab Malik (Droom, Jungle Ventures), Ashish Goel (Urban Ladder) and extra because it began operations in 2018.
Fixcraft says that India is the third-largest auto marketplace on this planet, estimate at $ 24 billion (round ₹ 1,87,885 crore) alternatively, majority of the restore and repair phase post-sales are managed via authorized carrier centres within the arranged sector. Here Fixcraft targets to fill this hole between unorganized and arranged sector because the neighbourhood garages play an enormous function out there, Fixcraft additionally guarantees accept as true with for the car house owners and guarantees carrier high quality.
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