Bengaluru-based Chatpay Commerce Pvt. Ltd, which operates after-sales car service provider Pitstop, has acquired MotorWhiz, a mobile platform for car service and repair jobs, in a cash-and-stock deal.
The deal value was not disclosed.
In a joint statement, Blume Ventures-backed Pitstop said the acquisition was aimed at helping its engineering and strategic alliance teams to build, expand and upgrade their product offerings.
“We found a great synergy at business and technology level with the MotorWhiz team and this buyout would help us in expanding our offering at doorsteps across Delhi-NCR,” said Mihir Mohan Mishra, Pitstop’s co-founder and chief executive.
Delhi-based MotorWhiz, operated by MotorWhiz Automotive Pvt. Ltd, was founded in 2015 by Shubhankar Rahul and Shiv Soni. It has a presence across Delhi-NCR and provides location-based, mobile-enabled car services through its network of standardised workshops.
Pitstop, founded by IIT alumni Mishra and Nirant Ramakuru, aims to standardise the unorganised auto service industry while offering a booking platform for repairs from garages and auto care centres.
The company’s target audience is customers whose dealership service warranty has expired. Using the company’s online platform, customers can place a car service request, track service progress, get notifications regarding updates on service orders, and make payments as well.
Pitstop raised had raised $1 million (Rs 64 crore) in a pre-Series A round last September from Blume Ventures, Singapore-based Goldbell Group, and a group of angel investors.
The company is currently operational in Bengaluru, Hyderabad, Chennai and Delhi-NCR.
Going forward Pitstop aims to “build a pan-India network of certified workshops, empower them with high-end technology infrastructure, standardised processes and spare parts supply.”
The development follows another recent acquisition in the space. Mumbai-based car servicing startup Carcrew Technology Pvt. Ltd had last month acquired Delhi-based ClickGarage in a stock-and-cash deal.
In December, Gurgaon-based automobile servicing platform GoMechanic had agreed to acquire car servicing and repair startup VOW CarClinic.
Like this report? Sign up for our daily newsletter to get our top reports.
Leave Your Comment
2 months ago
Bengaluru-based aftersales car service provider Pitstop has raised $1.6 million ...
2 years ago
Bangalore-based Chatpay Commerce Pvt Ltd, a venture floated by co-founder of...
9 months ago
Bangalore-based Chatpay Commerce Pvt Ltd, which operates after-sales car service...