VC Fund Investments
Roadside vehicle assistance player ReadyAssist raises $5-M led by Howen International Fund
Bengaluru-based roadside assistance startup ReadyAssist has raised USD 5 million as part of its ongoing pre-Series A round led by Howen International Fund, SPC. The company claims to offer a worry-free driving experience to vehicle owners, through its network of service providers across India. The funds will be deployed to enhance the service network further. While ReadyAssist has been mainly working with large B2B partners, the capital raised will now be leveraged to make roadside assistance more accessible to direct consumers through its B2C subscription model. ReadyAssist claims to have more than 600,000 active subscribed customers, with 50% of them being cars and 10% EVs.
From the Venture Intelligence Angel Investments Database: In Jan 21, ReadyAssist raised USD 1 M (INR 7.3 Cr) in a two-tranche seed funding round led by existing investor Satish Grampurohit and saw participation from Visweswara Gupta Kothamachu, Nagaraj Srinivasa, Siddramesh Nara, Harish Srinivas Gudi, Praveen Kumar and Vijay Sambamurthi, among others.
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