Fixcraft, a full-stack cloud-garage car servicing start-up, has raised $1 million in Pre Series A round in equity led by marquee angel investor and debt led by Ubiquity Capital.
The funding round saw participation from renowned founders from Indian start-up ecosystem Amit Lakhotia, CEO, Park Plus, Dhruv Dhanraj Bahl, COO, BharatPe, Shashvat Nakrani Co-founder, BharatPe, Rohit Kapoor, CEO, Oyo India and SEA, Maninder Gulati Global CSO, Oyo, Deepak Jain, Partner, Bain & Co, Ashish Goel, Founder CEO, UrbanLadder, Akshay Saxena, Co-founder, Avanti Fellows, Anshoo Sharma, Co-founder, MagicPin, Manu Jain Founder, Carbun8 and other prominent start-up founders.
The start-up will be utilising the funds in widening its presence in Maharashtra, Karnataka, and Andhra Pradesh, as per the immediate plans and in strengthening the Operations and Technology teams.
The brand has already provided services to 3,500 customers to date and plans to double the number by the end of the financial year 2021-22.
Fixcraft was started by Vivek Sharma, Founder & CEO, Abhishek Goyal Co-founder & COO, and Inderjeet Rao, Co-founder & CTO, in October 2018.
The NCR-based young start-up has raised $ 1.5 million in total till now, which includes the current round and has raised its previous round in 2020 from AngelList syndicate led by Rishab Malik (Co-founder, Droom).
Vivek Sharma, Founder and CEO, Fixcraft, said, “We will be looking to invest heavily on technology to continue our mission to be the most trusted brand in the automotive sector.”
Nikhil Bhandarkar, Managing Director, Ubiquity Capital, said, “Fundamentally sound businesses are something which we have always believed in and have backed in the past. Fixcraft’s laser-sharp focus on unit economics and technology adoption is something we believe will help them stand out and come out as winners.