Next funding 'Pitstop' for this startup is $1 million

BENGALURU: Pitstop, an aftersales car service provider, has raised $1 million as part of its pre-Series-A round of funding from Blume Ventures, Singapore-based Goldbell Group and angel investors such as Anurag Srivastava, Shailesh Rao, Amiya Pathak, Rajesh Yohanan and Rahul Garg.

Pitstop was started in 2015 by Mihir Mohan and Nirant Ramakuru. Mohan has 15 years of work experience with several tech companies such as Zipdial and Newshunt, while Ramakuru has three years of experience, having worked at Flipkart.

Pitstop currently offers services in Bengaluru, Delhi-NCR, Hyderabad and Chennai.

The company mainly caters to customers looking for car service once their dealership service warranty expires.

It also works with customers including top ride-sharing companies, where it uses its proprietary SaaS-based Fleet Information System that provides leading taxi fleets, leasing companies and self-drive car rentals a one-stop real-time view of service repairs.

“While we have so far worked through a network of 150 garages, we also want to focus on doorstep services and will invest in adding vehicles. We will also use the new funding to develop our technology,“ said Mohan.