Comments
2 GoBumpr, a city-based automobile after market platform, has raised around $600,000 in pre-series A funding led by existing investors - The Chennai Angels (TCA), Keiretsu Forum and individual investors.
Vinod Kumar Dasari, Managing Director, Ashok Leyland, led the investment round with other participants being V Shankar (Director, Acsys Investments), R Ramaraj (Founding Member, Elevar Advisors), and Priyamvada Balaji (Wholetime Director, Lucas Indian Service) from TCA.
Ramesh Mangaleswaran (Senior Partner, McKinsey) and Gopal Mahadevan (CFO, Ashok Leyland) have also invested in the company as part of this round. GoBumpr had raised $420,000 in January 2017 in its first round of investment, according to a press release.
Started in October 2015 by IIM graduates Karthik Venkateswaran, Nandha Kumar Ravi and Sundar Natesan, GoBumpr leverages mobile technology to standardise and automate the 80 per cent unorganised automobile after-sales market ($10 billion in annual revenue).
GoBumpr, currently active in Bangalore and Chennai, does over 7,000 B2C transactions. Its monthly billing value stands at Rs 3 crore. It earns commission on the business generated to its partner workshops.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.