ReadyAssist, A Bengaluru- based vehicle repair startup has raised a seed round of 1 Million USD on 13th of January 2021. A Group of angel investors in two tranches participated in the seed round. These funds will be utilised for intensifying technology and growth plans.
The investors for the seed round included:
*Satish Grampurohit (Delivery Head At Global Insurance Vertical)
*Visweswara Gupta Kothamachu
*Nagaraj Srinivasa (Financial Controller At Pogosyan Corporation)
*Praveen Kumar
The organization (ReadyAssist) was founded in 2016, established in Bengaluru by Vimal Singh SV and currently has a work strength of around 51-200 employees.
They deal with various specialities which includes vehicle custody, breakdown support, automobile repair, battery jumpstart, puncture fixing. ReadyAssist is one of the most prominent 24/7 Roadside cooperation and on- the- spot reconstruction systems for both bikes and cars in cities like Bengaluru, Hyderabad,Mangalore,Mysore and Vijayawada.
Their intent is to become the best roadside assistance jobholder by productively focusing on the real time vehicle failure issues of clients using deep machine learning, operation efficiency and data intelligence. They also prefer using data intelligence for matching right mechanics for a particular issue using it’s competency, skills, experience and many such factors. Currently they provide 24hrs roadside reinforcement for both bikes and cars at any moment at any corner or nook of the country to their clients. Also, through a subscription- based model, the startup provides its job to retail consumers as well as institutional players.
For their remarkable performance they have been awarded as the Bootstrap champ at the World startup expo 2016 by Cocoon Ventures. Also, they have been elected as one among the top 28 companies to invest by India Fund Fest in India. The services are compatible with all the models for the brands like Audi, BMW, Benz, Landrover and many other cars.
“The recent investments further reinforces our commitment and dedication of becoming India’s leading 24/7 roadside assistance service provider. Our aim is to compel the market to be more organised while creating more job opportunities with the best professional skills” said by CEO and Founder Vimal Singh.
The company affirms that it has sealed work orders approximately around USD 34.2 Million since the onset of the pandemic in March 2020. Also there have been confirmations that they have clocked USD 547,000 in stock during the first year of its progression.The association is presently in talks with institutional capital to uplift another USD 5 million to USD 10 million.
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