Private Equity Angel Investments
Vehicle services startup Automovill raises funds from Angel Bay, others
Source Inc42 (opens in a new tab)
Bengaluru-headquartered vehicle services start-up Automovill has raised funding from Angel Bay. Santosh Chandra, CEO at Essar Oil & Gas Exploration and Production, and executives from Google and PWC also participated in the round.
Founded in 2016 by Mridu Mahendra Das and Chinmay Baruah, Automovill provides automobile services to vehicle owners through its 12 hubs. It claims to have handled more than 100,000 cars for retail and B2B customers.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Jun-18 and Jul-21, Automovill raised nearly $1-M from Northeast Venture Fund and others.