Bangalore based car service provider ‘Pitstop’ has received a funding of $1million. This is seen as a pre-series A funding for the startup from angel investors Anurag Srivastava, Shailesh Rao, Amiya Pathak, Rajesh Yohanan and Rahul Garg, and two institutional investors, Blume Ventures and the Goldbell Group of Singapore.
The current infusion of funds will go towards expanding its garages within existing geographies and also to explore add-on services, like doorstep delivery as well as to work on improving their technology levels.
Pitstop was founded by Mihir Mohan, and Nirant Ramakuru who spent about three years with Flipkart. They floated Pitstop in 2015. Their existing operations cover three major cities Bangalore, Hyderabad and Chennai and the larger Delhi-NCR region.
Their business model is to typically service vehicles, mainly passenger cars, once their initial warranty with the manufacturer is over.
An area Pitstop has successfully entered is the servicing of bulk customers, like ride-sharing companies, large fleet operators and self-drive car rental agencies. The startup uses technology to offer top level fleet management services.
They have deployed the SaaS-based Fleet Information System, which facilitates a one-stop view of the status of their vehicles, the need for regular servicing and also for specific repairs in them.
This, in turn, makes these companies offer hassle-free services to their customers and score higher on the quality of cars being provided and their running condition, without having to exert much at their end. Pitstop currently has 150 garages across the cities listed above.