Liquidity Events

Schaeffler India to acquire B2B auto spare parts platform Koovers for Rs.142-Cr

Economic Times  

Schaeffler India Ltd, a ball and roller bearing manufacturer, will fully acquire Bengaluru-based KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for INR 142.4 crore. KRSV Innovative Auto Solutions, which operates under the brand Koovers, offers spare parts solutions to aftermarket workshops via a B2B e-commerce platform.

From the Venture Intelligence PE-VC Deal Database: In Jun-2022, Koovers had raised INR 7.8 Cr from Canbank Ventures, others.

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