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| Car Easy raises an undisclosed seed round from ah! Ventures Angel Platform and Others including EvolveX, We Founder Circle and Alaka Capital |
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| Car Easy raises an undisclosed seed round from ah! Ventures Angel Platform, EvolveX, We Founder Circle and Alaka Capital. This round also saw participation from marquee investors such as Arvind Agarwal (CFO-Pay U India and Ex-CFO Nykaa), Anand Padmanabhan (President Corporate Affairs- Shahi Exports), Vinay Soni (Finance Director – Flipkart), Abhishek Gupta (CEO- Turbotic and Ex-KPMG Partner) and Saurabh Singh (Head Business Strategy and Program Management- Greaves Electric Mobility). ah! Ventures has done 185 investments in 119 startups till date taking its total investment portfolio to INR 385 CR (~48 MN USD) with 16 exits and 48 follow on rounds. 31 investments have happened through all three platforms and the fund in 2023. |
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| Car Easy, is India’s biggest platform that provides car washing and value-added services to B2B and B2C clients. The company is spearheaded by an alumnus of Indian Institute of Technology (IIT) and an alumnus of Institute of Chartered Accountants of India (ICAI). This company was founded to disrupt the unorganized market in the car washing and detailing market by providing background verified trained professionals who use ISO certified car washing and cleaning products. Car Easy also works on sustainability by using only 1 to 2 litres of water compared to 20 litres of water used by local vendors. They currently operate in 2 segments such as B2B and B2C and planning to operationalize the franchisee vertical in few months. |
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| Car Easy has successfully serviced 35,000 vehicles till date with the help of more than 100 blue collar workers, having its presence in 22 cities and having saved 3.6Mn litres of society water. They have been catering to some of large unicorn clients operating in the automobile space. They want to revolutionize the vehicle washing and detailing industry where more than 70% of the market is unorganized, large quantity of water gets wasted at the time of cleaning and eight out of ten customers report irregular cleaning. |
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| Prathap Simha PV (Vikram), Founder and CEO commented, "Our solution provides a comprehensive coverage of the overall vehicle washing and detailing for our B2B clients. We are also looking at opening our own franchisees in few months across key cities in India. We have scaled our revenue in FY-22 by 3X compared to the previous year and looking at maintaining the same growth journey or even exceeding the same this year. We are on a mission to build India’s most trusted and sustainable car washing and detailing brand with the help of technology." |
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| “We are a profitable start-up, and our focus will continue to be not only growth but sustainable growth where fund raising will be more of a choice for us rather than a survival. We have a good order pipeline in place and this year we are looking at both organic as well as inorganic growth by acquiring few start-ups which are working in the similar space. This fund-raise will help us expand our founding team and I would like to thank our mentors, advisors and investors who have shown immense trust resulting in the round getting oversubscribed even during this funding winter.”, said Himanshu Rath, Co-Founder & CFO |
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| Sunil Roy Deal Lead – Car Easy & VP – ah! Ventures also sharing their insights on the investment stated that, “CarEasy’s presence in India , which is a large and growing market for automotive services. As the country’s middle class continues to expand,there will be increasing demand for convenient and reliable car maintenance and repair services like those offered by CarEasy. CarEasy is a profitable startup that specializes in car washing and detailing. CarEasy’s partnership with B2B clients like Spinny ,CarDekho ,Ola Electric suggests that CarEasy has a strong business model and potential growth in the car washing and detailing sector”. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in |
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 3000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 385 CR (~48 MN USD) in 119 startups & 185 investments and have announced 16 exits & 48 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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