Boodmo is an internet marketplace for spare car parts headquartered in Gurgaon, India. The company recently increased their share capital for the third time just this year. The business also fund raised just under $1 million and in total has received $3.7 million.
Earlier in August this year, the startup had raised just under $700,000 worth of investment through FDI from an undisclosed investor.
Founded in 2015 by Ukrainian entrepreneurs Yevgen Sokolnikov and Oleksandr Danylenko, Boodmo is a unit of Smart Parts Online Private Limited. It has a comprehensive database of genuine and aftermarket replacement parts. In a short span of time, boodmo has collated a massive e-repository of genuine OEM and aftermarket car spare parts, offering over 1 million varieties of spares offered by 400 suppliers of over 3,000 Indian as well as international brands.
The boodmo.com website currently offers over 1 million varieties of car spare parts by 400 suppliers of over 3,000 Indian as well as international brands. The organization’s mission is to organize and standardize the Indian automobile spare parts market and make it more dynamic and transparent for all the stakeholders.
Talking about this fresh influx of funds, boodmo’s Managing Director & Co-Founder Mr Oleksandr Danylenko said, “Due to the positive customer response and increasing demand for products available on our e-commerce platform, we launched two Sorting Hubs in Delhi and Jaipur some time back. With this fresh funding, we plan to improve the warehouse management systems with the aim of handling more Inventory at the Hubs on a monthly basis and expediting the product delivery process. This will in turn help us improve our overall performance.”
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