B2B auto spares startup Koovers raises $1.5 M from IP Ventures, others

Bengaluru-based B2B automobile spares start-up Koovers has raised USD 1.5 million in funding led by Inflection Point Ventures. Other investors in the round include JPIN-VCats and Venture Catalysts. Koovers seeks to supply genuine spare parts to independent auto-workshops and the aftermarket ecosystem including ordering and doorstep delivery. The company will use the new funds to enter more geographies across India, expand its product portfolio and upgrade its technology platform.