Pitstop, a Bangalore-based after sales car service provider, has secured pre-Series A funding round worth $1.6 million. The new capital comes from the company’s existing investors — Singapore-based Goldbell Group and Blume Ventures.
The startup is now gearing up to spend the newly raised funding to scale up its ‘doorstep service’ across Bengaluru and Delhi-NCR. The company is also looking forward to building high-end technology to support the infrastructure.
Commenting on this new investment round, Mihir Mohan, Founder & CEO of Pitstop said:
We have experimented with our operating model (for our flagship model ‘Doorstep Service’) and have serviced more than 2,300 vehicles at doorstep over past 6 months. Strengthening our business strategy along the same line, we want to build a platform that enables mobility and add great convenience to users thereby creating a hyper-local service model through a fleet of mobile vans plying across the geographies.
Sajid Fazalbhoy of Blume Ventures added:
We found a very high demand for doorstep service from Pitstop’s customers which has prompted us to allocate a large amount of resources to this strategy. The company will further be integrated into managing customers’ cars now from basic service and even accident repair to Pitstop’s partner workshop network – all this handled by a Pitstop service advisor who will be in touch with the customer through the service process.
Pitstop was founded in 2015 and offers general repair and maintenance services for cars through its doorstep service vehicles. The startup is currently operational in six cities and claims to be working with over 150 garages and workshops. It also works directly with customers, offering regular services, mechanical and electrical repair, body repair and doorstep inspection for cars. The company claims to be servicing about 4,000 orders each month clocking revenues of about Rs 2 crore on a monthly basis.