B2B auto supplies platform Koovers attracts $1-M from Canbank Ventures, others

Canbank Ventures and two high-net-worth individuals (HNIs) have invested USD 1 million in Koovers, a business-to-business (B2B) automotive supplies platform. Rajeev Sanghvi of PPS Group and Naveen Philip of Kuttukaran Homes have co-invested with Canbank VC. Koovers is operated by the Bengaluru-headquartered KRSV Innovative Auto Solutions Pvt Ltd. It claims a network of 10,000 workshops. Koovers plans to use the funds to improve its technology, expand its product portfolio and enter the premium aftermarket space. The firm operates in Andhra Pradesh, Telengana, Kerala, Karnataka and Delhi.