The GVFL seed round raised Rs 4.55 crore, or about $530K, for the automotive spare parts aggregator Garaaz.
Building a scalable support and logistics network, enhancing R&D and tech infrastructure, and expanding across states are all goals of the Jaipur-based startup.
Shaleen Agarwal founded the SaaS-enabled platform in 2019 to link workshops with suppliers of spare parts, which offers over 8 million parts for 25 different auto brands.
By providing simple access to inventory lookups, order management, workshop tracking, and analytics, its tech-led platform helps the aftermarket industry address issues with product availability, pricing opacity, and delivery delays.
SaaS subscriptions, transaction margins, and value-added logistics and data services are the company’s main sources of income.
With sales doubling in FY24–25 compared to FY24–25, Garaaz claims to have experienced 3X growth in the last two years.
In the auto aftermarket and business-to-business spare parts market, Garaaz faces competition from a number of Indian startups. Boodmo, SpareIt, Koovers, and Automovill are on the list.
