ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Small Business News

Online auto spare parts marketplace boodmo raises Rs 8 cr

Gurugram-based auto spare parts online marketplace boodmo.com Thursday said it has raised Rs 8 crore in fresh capital. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Online auto spare parts marketplace boodmo raises Rs 8 cr
In 2017, boodmo had raised Rs 10 crore in its first investment round, followed by an additional Rs 5 crore in the same year. Pixabay

Gurugram-based auto spare parts online marketplace boodmo.com Thursday said it has raised Rs 8 crore in fresh capital. The company did not disclose the identity of the investor but said the freshly infused funds take its total funding to Rs 35 crore. Boodmo.com Managing Director & Co-Founder Oleksandr Danylenko said with the Indian auto components industry poised to become the third largest in the world by 2025, the company is looking to strengthen its position in the Indian online auto spare parts market.

The company plans launching new sorting hubs, boosting technology infrastructure and hire appropriate skilled manpower, he added. "This new funding will help us expand our presence in the country and smoothen our operations, which would in turn help us make swift product delivery to the customers," Danylenko said.

Already, the company has sorting hubs in Delhi and Jaipur and the additional funding will help streamline operations for its new hub that will be opened in Bengaluru in the next two weeks, he said. "We also plan to open a sorting hub in Maharashtra in the last quarter of 2019," Danylenko added.

In 2017, boodmo had raised Rs 10 crore in its first investment round, followed by an additional Rs 5 crore in the same year. The company then raised Rs 5 crore in July 2018 and an additional Rs 7 crore in December 2018.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian startups
Written By: PTI
Updated: Thu, May 09, 2019
03:39 pm
New Delhi, PTI
RELATED NEWS
National Startup Awards 2023 applications deadline extended to June 15 National Startup Awards 2023 applications deadline extended to June 15
About 27K employees lost jobs at Indian startups to date, over 8K this year About 27K employees lost jobs at Indian startups to date, over 8K this year
Battery-tech startup EMO Energy raises $1.2 million in seed funding Battery-tech startup EMO Energy raises $1.2 million in seed funding
Iron Pillar closes $129 million late stage fund to back SaaS startup Iron Pillar closes $129 million late stage fund to back SaaS startup
Bihar Startup Policy 2022: Bihar government to provide Rs 10 lakh to startup enthusiasts, here are the details Bihar Startup Policy 2022: Bihar government to provide Rs 10 lakh to startup enthusiasts, here are the details

LATEST NEWS

Commodity Weekly Wrap: Crude oil heads for its first weekly loss in three; copper up 3% so far

Coromandel Express accident: 70 people dead, over 350 injured, say officials as 12841 Shalimar-Chennai train derails in Odisha's Balasore

Sensex, Nifty likely to start day stronger: 10 things to know before opening bell

BRICS pitches for using local currencies in international trade

Mumbai-Goa Vande Bharat Express: Timings, stoppages, route and travel time

Zomato shares jump over 7% ahead of investor meeting

Coronavirus cases in India: Active Covid cases in country dip to 3,736

Rupee reaches 2-wk high on weak dollar, eyes US jobs data

Coromandel Express train accident: List of trains cancelled and diverted after 12841 Shalimar-Chennai Express derails at Odisha's Balasore

'Strong, trustworthy': Anil Singhvi has a big long-term 'buy' on HDFC Bank

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV