SpareIt

SpareIt

SpareIt® is thargest multi-sided platform for the Indian automotive aftermarket, which connects the neighborhood garages to distributors and manufacturers through digital business management solutions for better access, logistics, and digital credit.

Company Details

Location
Bengaluru, India
Founded
2019
Employees
11-25
Fundraising
Round open now!

Management Team

Prashant Kamdar  avatar

Prashant Kamdar

Co-founder

    Romi Chugh avatar

    Romi Chugh

    Co-founder

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      About SpareIt

      Problem

      The Indian automotive aftermarket sector has a highly fragmented, non-digitized and offline process. The reliability and availability of the spares procured is a major bottleneck in providing a seamless experience at the neighbourhood garages.

      Solution

      The platform consolidates the garages’ demand through mobile applications to generate digital job cards, online invoices and payment collection and provides customer relationship management insights. The solution includes vendor verification and last-mile garage-front deliveries of spares.

      Differentiator

      Consolidation of Demand (Garages), Largest network of independent garages enabled using full-stack SpareIt Platform; Garages are EV trained (Hero ECO certified) so they are future-ready.

      Biggest Achievements

      • Key partnerships include Shell, TVS, HeroElectric, George Oakes
      • Changed a virtually credit purchase system to a cash purchase system on the platform