Autoparts marketplace Boodmo raises Rs 7 Cr in fresh round

Boodmo

Boodmo, a Gurugram-headquartered autoparts marketplace founded by two Ukranian–Yevgen Sokolnikov and Oleksandr Danylenko–has raised Rs 7 crore in FDI from an undisclosed Ukrainian private investment fund.

With the fresh capital, the startup plans to ramp up its warehouse management systems to handle more inventory at the hubs on a monthly basis and to accelerate the product delivery process.

Boodmo had raked in Rs 5 crore in August and launched two sorting hubs in Delhi and Jaipur. Till date, it has received a total funding of Rs 27 crore, the company said in a press statement.

Boodmo weeds out pain of accessing spare parts and transparency (price disparity) among other issues that has not been addressed by the unorganised spare parts industry.

Launched in 2015, Boodmo currently offers over a million varieties of car spare parts by 400 suppliers of over 3,000 Indian as well as international brands.

The spare parts which are available on the platform are sorted by producers’ information and filtered by customers’ choice. New products on its website with actual price lists appear on a real-time basis.

The platform sells spares such as service parts, lubricants, brakes, suspension, electrical components, and others.

Besides Boodmo, Spareshub, Autosparepartsindia and Motorpart are other platforms in this segment.

Earlier in April, two-wheeler maker Hero MotoCorp had unveiled a portal called hgpmart.com. It essentially sells auto parts such as accessories, body parts, clutch brake and steering, electricals, engine and wheel for its motorcycles and scooter portfolio.

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