Boodmo, one of India's quickest growing online marketplaces for spare car parts, recently raised its share capital with an additional $50 million of investment through foreign direct investment. Started in 2015 by Yevgen Sokolnikov and Oleksandr Danylenko, two businessmen from the Ukraine, boodmo began selling spare vehicle parts online in January of 2017.
Founded in 2015 by two Ukrainian entrepreneurs – Oleksandr Danylenko and Yevgen Sokolnikov, Boodmo aims to revolutionize the auto components industry in India by facilitating online sale of automobile components from vendors to customers. The enterprise has so far attracted $200 million in FDI.
Speaking on the fresh investments, Yevgen Sokolnikov, Co-Founder & CEO of boodmo, said, “We are continuously upgrading our services to make space for online sales in the Indian auto components industry. In just eighteen months of sales operations, we have made a tremendous progress, with volumes of fresh orders increasing continuously. With these fresh funds, we plan to strengthen the existing operations, along with the realization of our expansion plans.”
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