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Koovers

Full company profile

uuid00033sn

Namestring
Koovers
Legal namestring
Krsv Innovative Auto Solutions Pvt Ltd
Websiteurl
koovers.in
Company typeenum
Private
Founded yearint
2018
Descriptiontext

Koovers is a Bengaluru-headquartered B2B quick-commerce platform that supplies OEM/OES-certified automotive spare parts to independent garages, workshops, and retailers across India. It operates as a 100% subsidiary of Schaeffler India Ltd following a 2023 buyout, legal entity Krsv Innovative Auto Solutions Pvt Ltd. The platform spans a mobile-app-based spare-parts marketplace backed by a network of central warehouses and city-level "Koovers Connect" distribution hubs for last-mile delivery. Coverage is described as PAN-India, with parts catalogued across engine, brake and suspension, lights, electricals, filters, and accessories for major vehicle marques including Maruti, Tata, Mahindra, Honda, Toyota, Hyundai, BMW, and Mercedes.

The core product surface layers three components: (1) the Koovers B2B marketplace, which generates revenue primarily through markups on parts transacted, (2) Koovers DMS, a proprietary workshop management module handling job cards, estimates, invoicing, spare-parts ordering, order tracking, and analytics — functioning as a SaaS-adjacent upsell, and (3) Koovers Connect Stores, physical city-level hubs improving local availability and delivery speed. A sub-brand, TruPower Aerosols, extends the platform into branded consumables. The go-to-market is hybrid: a self-serve app (product-led) alongside a PAN-India field sales team recruiting and servicing workshops.

In FY25, Koovers reported operating revenue of Rs 198 crore (~$23.6M), up 2.5x from Rs 79 crore in FY24, while losses doubled to Rs 36 crore as total expenses climbed 145% and material costs rose 2.5x to Rs 186.5 crore. Pricing for parts is not publicly disclosed beyond references to bulk-order discounts; the DMS layer implies a recurring subscription stream, though specific tiers are not available. The company has raised approximately $2.5 million in two seed rounds (October 2021 and June 2022), making the 2023 Schaeffler acquisition the more capital-significant event in its funding history.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersBengaluru, India
HQ citystring
Bengaluru
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
automotive spare parts, B2B auto parts marketplace, workshop management software, OEM OES parts distribution, aftermarket parts supply
Industry1 code
1Automotive Parts, Tires & Workshop Supplies Marketplaces
CodeCRAFAHADPrimaryYes
NAICS code1 code
  • Motor Vehicle Supplies and New Parts Merchant Wholesalers42312
SIC code2 codes
  • Wholesale-Motor Vehicle Supplies & New Parts5013
  • Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies5010
Product category
Automotive Aftermarket Spare Parts Distribution
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1B2B Spare Parts Marketplace
TypeTransaction Fee
Description

Koovers operates a B2B marketplace for OEM/OES-certified automotive spare parts, connecting workshops and retailers with suppliers. Revenue is generated through the markup on parts sold to workshops and retailers, representing the primary revenue stream.

koovers.in
2Koovers DMS Subscription
TypeSubscription Recurring
Description

The Koovers DMS workshop management tool is offered as part of the platform ecosystem, enabling workshops to manage job cards, invoicing, and spare parts ordering digitally.

koovers.in
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Brand1 record
1Koovers DMS
Description

A powerful, all-in-one workshop management tool designed for garage owners, enabling seamless management of daily operations including job card creation, invoicing, spare parts ordering, and real-time tracking.

koovers.in
Core offering1 text field

Koovers runs a B2B quick-commerce platform that supplies OEM/OES-certified automotive spare parts to independent workshops and retailers across India. It combines an app-based parts catalogue and ordering system, an integrated workshop management software (Koovers DMS), and a pan-India logistics network of central warehouses and city-level Koovers Connect Stores for fast local delivery.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 2.5X revenue growth from Rs 79 crore (FY24) to Rs 198 crore (FY25)
+1 more record
Product overview1 text field

Koovers operates as a unified B2B quick-commerce platform for automotive spare parts, consisting of the core Koovers B2B platform for ordering OEM/OES-certified car spare parts, complemented by the Koovers DMS workshop management module for operational efficiency, and Koovers Connect Stores for local distribution. The platform also offers product sub-brands including TruPower Aerosols. All offerings are integrated under the 100% subsidiary of Schaeffler India.

Product and service2 records
1Koovers B2B Auto Spare Parts Platform
CategoryAutomotive aftermarket spare parts e-commerce / marketplace
Description

B2B quick-commerce platform enabling independent workshops and retailers across India to source genuine OEM/OES-certified automotive spare parts across engine parts, brake and suspension, lights, electricals, filters, and accessories for brands such as BMW, Mercedes, Maruti, Toyota, Honda, Tata, Mahindra, Skoda, Renault, Volkswagen, Audi, and Nissan, with real-time order tracking and bulk-order pricing.

2Koovers DMS (Workshop Management Solution)
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeOthers
Description

Schaeffler India acquired 100% of Koovers in 2023. Koovers operates as a 100% subsidiary of Schaeffler India Ltd. The acquisition was driven by Koovers' dealer network and sourcing relationships in the automotive aftermarket.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

One of India's largest online marketplaces for automotive spare parts, offering OEM and aftermarket parts across most major car brands. Boodmo is the closest direct competitor to Koovers in the Indian B2B/D2C auto parts ecommerce space, with similar catalogue breadth and a marketplace-led model.

TypeEmerging player
Description

India-based multi-brand car service and spare parts platform operating a workshop network with integrated parts sourcing. Comparable to Koovers in targeting independent garages with digital tooling, but with a more service-led (rather than pure distribution) model.

TypeBroad incumbent
Description

India's largest B2B commerce platform spanning multiple categories including automotive. While not auto-specialized, Udaan competes with Koovers for SME buyer attention and last-mile logistics infrastructure in India's B2B ecommerce layer.

TypeBroad incumbent
Description

India-focused B2B commerce platform for industrial and MRO supplies with an expanding automotive aftermarket offering. Comparable as a digitally-native B2B distributor serving SMB buyers, though with broader industrial scope than Koovers.

TypeBroad incumbent
Description

India B2B ecommerce platform distributing industrial supplies, tools, and automotive workshop equipment to businesses. Comparable to Koovers in serving the automotive workshop buyer with a digital marketplace plus distribution backbone.

TypeBroad incumbent
Description

Amazon's B2B procurement platform in India offering automotive spares, tools, and workshop supplies to business buyers. Comparable as a competing marketplace for Indian workshops' parts and consumables purchasing, with far broader assortment and logistics scale.

TypeOthers
Description

Schaeffler's global aftermarket workshop concept and parts brand that connects independent garages with Schaeffler technical support and parts supply. Comparable as a sister channel that could overlap with or complement Koovers' workshop supply business under common Schaeffler ownership.

TypeBroad incumbent
Description

India's large multi-brand automotive service network with integrated spare parts distribution serving thousands of workshops. Comparable to Koovers in targeting the independent garage channel with parts supply plus digital workshop tools.

TypeEmerging player
Description

India-based online auto spare parts platform serving retail and workshop buyers. Comparable to Koovers as an emerging digital-first spare parts distributor in the Indian automotive aftermarket.

TypeRegional player
Description

Online retailer of aftermarket auto parts operating in North America, with comparable multi-brand catalogue and ecommerce-led distribution model. Useful as a comparable for Koovers' B2B/B2C automotive parts ecommerce playbook in a different geography.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors6 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Koovers

Automotive Aftermarket Spare Parts Distributionkoovers.in

What Koovers does

Koovers is a Bengaluru-headquartered B2B quick-commerce platform that supplies OEM/OES-certified automotive spare parts to independent garages, workshops, and retailers across India. It operates as a 100% subsidiary of Schaeffler India Ltd following a 2023 buyout, legal entity Krsv Innovative Auto Solutions Pvt Ltd. The platform spans a mobile-app-based spare-parts marketplace backed by a network of central warehouses and city-level "Koovers Connect" distribution hubs for last-mile delivery. Coverage is described as PAN-India, with parts catalogued across engine, brake and suspension, lights, electricals, filters, and accessories for major vehicle marques including Maruti, Tata, Mahindra, Honda, Toyota, Hyundai, BMW, and Mercedes.

The core product surface layers three components: (1) the Koovers B2B marketplace, which generates revenue primarily through markups on parts transacted, (2) Koovers DMS, a proprietary workshop management module handling job cards, estimates, invoicing, spare-parts ordering, order tracking, and analytics — functioning as a SaaS-adjacent upsell, and (3) Koovers Connect Stores, physical city-level hubs improving local availability and delivery speed. A sub-brand, TruPower Aerosols, extends the platform into branded consumables. The go-to-market is hybrid: a self-serve app (product-led) alongside a PAN-India field sales team recruiting and servicing workshops.

In FY25, Koovers reported operating revenue of Rs 198 crore (~$23.6M), up 2.5x from Rs 79 crore in FY24, while losses doubled to Rs 36 crore as total expenses climbed 145% and material costs rose 2.5x to Rs 186.5 crore. Pricing for parts is not publicly disclosed beyond references to bulk-order discounts; the DMS layer implies a recurring subscription stream, though specific tiers are not available. The company has raised approximately $2.5 million in two seed rounds (October 2021 and June 2022), making the 2023 Schaeffler acquisition the more capital-significant event in its funding history.

Koovers firmographics

Firmographics
Name
Koovers
Legal name
Krsv Innovative Auto Solutions Pvt Ltd
Website
https://koovers.in
Company type
Private
Founded year
2018
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

Koovers industry classification

Industry
Product category
Automotive Aftermarket Spare Parts Distribution
NAICS
Motor Vehicle Supplies and New Parts Merchant Wholesalers (42312)
SIC
Wholesale-Motor Vehicle Supplies & New Parts (5013), Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies (5010)
akta.pro primary industry
Automotive Parts, Tires & Workshop Supplies Marketplaces (CRAFAHAD)

Keywords

  • Automotive spare parts
  • B2B auto parts marketplace
  • Workshop management software
  • OEM OES parts distribution
  • Aftermarket parts supply

Where Koovers is headquartered

Location

Headquarters

HQ city
Bengaluru
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Koovers business model

Business model
GTM type
B2B
Offering type
Digital Commerce or Content
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. B2B Spare Parts Marketplace: Koovers operates a B2B marketplace for OEM/OES-certified automotive spare parts, connecting workshops and retailers with suppliers. Revenue is generated through the markup on parts sold to workshops and retailers, representing the primary revenue stream.
  2. Koovers DMS Subscription: The Koovers DMS workshop management tool is offered as part of the platform ecosystem, enabling workshops to manage job cards, invoicing, and spare parts ordering digitally.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Koovers product offering

Product offering

Core offering

Koovers runs a B2B quick-commerce platform that supplies OEM/OES-certified automotive spare parts to independent workshops and retailers across India. It combines an app-based parts catalogue and ordering system, an integrated workshop management software (Koovers DMS), and a pan-India logistics network of central warehouses and city-level Koovers Connect Stores for fast local delivery.

Product overview

Koovers operates as a unified B2B quick-commerce platform for automotive spare parts, consisting of the core Koovers B2B platform for ordering OEM/OES-certified car spare parts, complemented by the Koovers DMS workshop management module for operational efficiency, and Koovers Connect Stores for local distribution. The platform also offers product sub-brands including TruPower Aerosols. All offerings are integrated under the 100% subsidiary of Schaeffler India.

Differentiator

Problem solved

Functional benefit

Brands

  • Koovers DMS: A powerful, all-in-one workshop management tool designed for garage owners, enabling seamless management of daily operations including job card creation, invoicing, spare parts ordering, and real-time tracking.

Products and services

  • Koovers B2B Auto Spare Parts Platform B2B quick-commerce platform enabling independent workshops and retailers across India to source genuine OEM/OES-certified automotive spare parts across engine parts, brake and suspension, lights, electricals, filters, and accessories for brands such as BMW, Mercedes, Maruti, Toyota, Honda, Tata, Mahindra, Skoda, Renault, Volkswagen, Audi, and Nissan, with real-time order tracking and bulk-order pricing.
  • Koovers DMS (Workshop Management Solution)

Quantifiable outcome

  • 2.5X revenue growth from Rs 79 crore (FY24) to Rs 198 crore (FY25)
  • +1 more outcomes

Companies that use Koovers

Customer profile

Segments1 record

Ideal customer profiles2 records

Koovers technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Koovers partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Schaeffler IndiacoreOthersSchaeffler India acquired 100% of Koovers in 2023. Koovers operates as a 100% subsidiary of Schaeffler India Ltd. The acquisition was driven by Koovers' dealer network and sourcing relationships in the automotive aftermarket.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Koovers competitors and assessment

Company assessment

Direct peers

  • Boodmo: One of India's largest online marketplaces for automotive spare parts, offering OEM and aftermarket parts across most major car brands. Boodmo is the closest direct competitor to Koovers in the Indian B2B/D2C auto parts ecommerce space, with similar catalogue breadth and a marketplace-led model.

Emerging players

  • GoMechanic: India-based multi-brand car service and spare parts platform operating a workshop network with integrated parts sourcing. Comparable to Koovers in targeting independent garages with digital tooling, but with a more service-led (rather than pure distribution) model.
  • AutoZen: India-based online auto spare parts platform serving retail and workshop buyers. Comparable to Koovers as an emerging digital-first spare parts distributor in the Indian automotive aftermarket.

Broad incumbents

  • Udaan: India's largest B2B commerce platform spanning multiple categories including automotive. While not auto-specialized, Udaan competes with Koovers for SME buyer attention and last-mile logistics infrastructure in India's B2B ecommerce layer.
  • Moglix: India-focused B2B commerce platform for industrial and MRO supplies with an expanding automotive aftermarket offering. Comparable as a digitally-native B2B distributor serving SMB buyers, though with broader industrial scope than Koovers.
  • Industrybuying: India B2B ecommerce platform distributing industrial supplies, tools, and automotive workshop equipment to businesses. Comparable to Koovers in serving the automotive workshop buyer with a digital marketplace plus distribution backbone.
  • Amazon Business India: Amazon's B2B procurement platform in India offering automotive spares, tools, and workshop supplies to business buyers. Comparable as a competing marketplace for Indian workshops' parts and consumables purchasing, with far broader assortment and logistics scale.
  • TVS Automobile Solutions (myTVS): India's large multi-brand automotive service network with integrated spare parts distribution serving thousands of workshops. Comparable to Koovers in targeting the independent garage channel with parts supply plus digital workshop tools.

Others

  • Schaeffler REPXPERT: Schaeffler's global aftermarket workshop concept and parts brand that connects independent garages with Schaeffler technical support and parts supply. Comparable as a sister channel that could overlap with or complement Koovers' workshop supply business under common Schaeffler ownership.

Regional players

  • Parts Avatar: Online retailer of aftermarket auto parts operating in North America, with comparable multi-brand catalogue and ecommerce-led distribution model. Useful as a comparable for Koovers' B2B/B2C automotive parts ecommerce playbook in a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Koovers social profiles

Digital presence

Koovers financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Koovers leadership team

Management profile

Number of profiles

Profiles3 records

Koovers funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Koovers M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koovers

What does Koovers do?

Koovers runs a B2B quick-commerce platform that supplies OEM/OES-certified automotive spare parts to independent workshops and retailers across India. It combines an app-based parts catalogue and ordering system, an integrated workshop management software (Koovers DMS), and a pan-India logistics network of central warehouses and city-level Koovers Connect Stores for fast local delivery.

Is Koovers a public or private company?

Koovers is a private company. It is classified as corporate owned and is currently operating.

When was Koovers founded?

Koovers was founded in 2018. It employs 101 to 250 people.

Where is Koovers based?

Koovers is headquartered in Bengaluru, India, in the Asia region.

How does Koovers make money?

Two revenue lines are on record. B2B Spare Parts Marketplace is the primary driver. The others are koovers DMS Subscription.

Who are Koovers's main competitors?

Boodmo is listed as a direct peer. Emerging players are GoMechanic and AutoZen. Broad incumbents are Udaan, Moglix, Industrybuying, Amazon Business India and TVS Automobile Solutions (myTVS). Schaeffler REPXPERT is listed as an others. Parts Avatar is listed as a regional player.

Does Koovers have an API?

No public API is recorded for Koovers.

What industry is Koovers in?

Koovers's product category is Automotive Aftermarket Spare Parts Distribution. Its primary akta.pro industry code is CRAFAHAD, Automotive Parts, Tires & Workshop Supplies Marketplaces. Its NAICS code is 42312 and its SIC code is 5013.

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Live signals
EntrackrKoovers reports Rs 36 Cr loss on Rs 198 Cr revenue in FY25Koovers, a B2B automotive spare parts marketplace acquired by Schaeffler India in 2023, reported operating revenue of Rs 198 crore in FY25, representing 2.5X growth from Rs 79 crore in FY24, but losses more than doubled to Rs 36 crore as total expenses surged 145% to Rs 235 crore, driven primarily by material costs that rose 2.5X to Rs 186.5 crore. The Bengaluru-based company, which operates as an app-based platform for car spare parts, faces pressures from scaling costs including doubled employee expenses at Rs 22 crore and sharply increased finance costs at Rs 6 crore. The acquisition by Schaeffler India in a 100% buyout was reportedly driven by Koovers' dealer network and sourcing relationships, though analysts note the focus may narrow toward Schaeffler-relevant areas as integration pressure increases.openPR.comOutlook for the Auto Parts E-Commerce Aftermarket: Major Segments, Strategic Developments, and Leading CompaniesThe auto parts e-commerce aftermarket is rapidly growing, with a projected market size of $139.72 billion by 2030 and a CAGR of 10.7%. The sector is driven by technological advancements, increased electric vehicle sales, and strategic acquisitions such as Schaeffler India's purchase of Koovers.Autocar ProfessionalKoovers Expands Siliguri Aftermarket Presence With Genuine Spare PartsKoovers, a subsidiary of Schaeffler India Limited, has expanded its automotive aftermarket presence in Siliguri since December 2024 to serve workshops and retailers across North Bengal with genuine spare parts. The company utilizes an integrated digital platform hosting over 1.9 million SKUs to provide Original Equipment Manufacturer and aftermarket components, aiming to reduce vehicle downtime and improve service quality for local businesses.TracxnTop Companies in B2B Auto Spare Parts (Oct, 2025)The article presents a list of top B2B auto spare parts startups, highlighting companies such as Koovers in India and Autozi in China. It provides specific operational details, funding history, and market positioning for these entities within the automotive aftermarket sector. The report serves as an industry overview rather than covering a specific newsworthy event.The Times of IndiaKoovers Funding: Canbank VC, HNIs invest $1 million in B2B auto supplies platform Koovers - The Economic TimesCanbank VC and two high-net-worth individuals have invested $1 million in Koovers, a B2B automotive supplies platform operated by KRSV Innovative Auto Solutions Pvt Ltd. The company plans to use the funds to improve technology, expand its product portfolio, and enter the premium vehicle after-market space. This investment follows a previous funding round in October 2021, during which the company's network of workshops doubled.TechloyIndia's auto supplies startup Koovers raises $1 million in fundingIndian auto supplies startup Koovers has raised $1 million in funding from CanbankVC and two high-net-worth individuals. The capital will be utilized to enhance technology, expand its product portfolio, and enter the premium vehicle after-market segment.Business StandardB2B auto parts startup Koovers raises $1.5 mn in Inflection Point-led roundB2B auto parts startup Koovers raised $1.5 million in a round led by Inflection Point Ventures, with JPIN-VCats and Venture Catalysts participating. The company, which serves over 5,000 workshops and reports 100% year-on-year growth with a $4.5 million average revenue run rate, will use the funds to expand into more Indian geographies, broaden its parts portfolio and upgrade its technology platform.The Times of Indiakoovers: Koovers, a B2B auto spares startup, raises $1.5 million - The Economic TimesKoovers, a B2B auto spares startup, raised $1.5 million in a funding round led by Inflection Point Ventures, with participation from JPIN-VCats and Venture Catalysts. The company intends to utilize the capital to expand its market presence across India, broaden its product portfolio, and upgrade its technology platform. Founded in 2016, Koovers currently serves over 5,000 workshops and has achieved an annualized revenue run rate of $4.5 million.EntrackrInflection Point Ventures leads $1.5 Mn round in KooversKoovers, a B2B automobile spare parts startup based in Delhi, raised $1.5 million from Inflection Point Ventures, JPIN-VCats, and Venture Catalysts to expand its operations across India, extend its product line, and upgrade its technology platform. The company, founded in 2016, serves over 5,000 workshops and reported a 100% annual growth with $4.5 million ARR despite the COVID-19 lockdown.YourStory[Funding alert] B2B automobile spares parts startup Koovers raises $1.5M led by Inflection Point VenturesB2B automobile spare parts startup Koovers raised $1.5 million in a funding round led by Inflection Point Ventures, with participation from JPIN-VCats and Venture Catalysts. The Delhi-headquartered company plans to use the capital to expand its geographic presence across India, broaden its product portfolio, and upgrade its technology platform. Koovers currently serves over 5,000 workshops and reported 100% annual growth with $4.5 million in ARR despite the pandemic.