AfterSales Car Service Provider Pitstop Acquired Delhi Based MotorWhiz In Cash Stock Deal
Bengaluru based after sales car service provider, Pitstop, has acquired Delhi NCR based MotorWhiz in a part cash part stock deal. Post the deal, MotorWhiz will join the Pitstop board and will expand the business in new geographies.
Pitstop was launched by Mihir Mohan and Nirant Ramakuru in 2015 in Bengaluru.
The company offers general repair and maintenance services for cars through its doorstep service vehicles. Currently operational in six cities, Pitstop works with over 150 garages and workshops as also directly with customers, offering regular services, mechanical and electrical repair, body repair and doorstep inspection for cars.
Pitstop also works with fleets and leasing firms, including ride-sharing startups where it uses its proprietary SaaS-based Fleet Information System to provide a real-time view of service repairs, transparent vehicle maintenance, and fleet management services.
Other competitors in the same space are Gaadifix, Clickgarage, SpareHub.com, Bookmycarservice, and others.
Earlier, Pitstop had raised pre-Series A funding of $1 million from a group of investors including Blume Ventures, and existing investors Goldbell Group and the founder of Moglix, Rahul Garg. Prior to that, it raised an undisclosed amount of seed funding from Lex Chua, CEO of Goldbell Group; and Rahul Garg in July 2016.