B2B auto spares marketplace Koovers raised $1 million in pre-Series A led by Canbank Venture Capital Fund Ltd, Rajiv M Sanghvi of PPS Group and Naveen Philip of Kuttukaran Homes where existing investors – Inflection Point Ventures and JPIN also participated.
Koovers is a business-to-business (B2B) ecommerce platform that sells auto parts to independent auto workshops (IWS) and the aftermarket ecosystem. Koovers will use the funds to improve its technology infrastructure, broaden its product portfolio, and expand its operations in India. In the ecommerce auto spare industry, it competes with GoMechanic, Mechkartz, Parts Big Boss, and Carorbis.