Multi-brand car service provider Pitstop has raised $3.5 million in a pre-Series B funding round led by Ventureast.
The round also saw participation from ACKO Technologies, LetsVenture, AngelList India, Blume Ventures, among others.
“Pitstop will use this funding to strengthen its end-to-end car maintenance operations in the existing cities and further expand to 20 additional cities by the end of the year,” the statement said.
As part of this expansion, Pitstop will be adding 250 service vans, which are its primary mode of delivering car maintenance and service. The company will also be enrolling 350 garages to build the required geographical penetration into each new city added.
Speaking on the funding in Pitstop, Siddhartha Das, General Partner, Ventureast, said, “Pitstop is pioneering a new paradigm in the automotive after-sales market as a one-stop solution for auto service needs, including their signature doorstep and roadside emergency services. Ventureast is excited to be partnering with Pitstop as it scales its operations pan-India and integrates the critical supply chain in its operations.”
Talking about the fresh funding, Mihir Mohan, Founder of, Pitstop said, “Technology is at the core of what we do, and our investors have recognized it. Our goal has always been to provide a hassle-free and seamless doorstep car servicing experience.”
“The current capital infusion will enable us to strengthen our operations in the existing locations and at the same time tap the rich talent pool available in India,” Mihir added.
Further commenting on the investment, Vinay Rao, Principal, Ventureast said, “We were impressed with the team’s ability to execute at scale with high customer satisfaction. Their focus on curating supply on spares and services and using technology to provide complete transparency to their customers was impressive.”
