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HomeInsightFunding Alert Fixigo Raises Seed Funding From Agility Ventures

[Funding alert] Fixigo Raises Seed Funding From Agility Ventures

Fixigo, a startup in the auto technology sector, has raised an undisclosed sum in a seed fundraising round headed by Agility Ventures. Along with a few other angel investors, the round included investments from Canadian investment company Alienics Inc. and industry veteran and director of iGlobe Telecom Tarun Kalra.

Fixigo, a startup in the auto technology sector, has raised an undisclosed sum in a seed fundraising round headed by Agility Ventures. Along with a few other angel investors, the round included investments from Canadian investment company Alienics Inc. and industry veteran and director of iGlobe Telecom Tarun Kalra.

The business intends to use the money for brand-building activities and service expansion into fresh areas, as per reported by Entrepreneur.com.

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“There is a huge demand for affordable and quality multi-brand car repair and maintenance services in India that is largely unorganized. FixiGo intends to address this unmet need for an organized ecosystem. Funds raised in the seed round had been deployed to create awareness on the brand FixiGo, spreading the operational reach of the brand and investing in technology to enable our workshops to achieve efficiency in business processes,” said Sami Shaik, co-founder, Fixigo.

FixiGo, called “The Future of Auto Services,” was founded in 2019 by Sami Shaik, Tarun Malhotra, and Ajay Pahwa. The company is quickly expanding its reach to become one of India’s most reputable and favoured tech-enabled auto repair and maintenance businesses.

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“Automobile repair and services market is still highly unorganized and Fixigo is well placed to serve this market with the help of tech and tailor made solutions. The market is currently thriving and is expected to grow at 12 per cent CAGR to reach $25 billion by 2030 from just $1 billion in 2020. We are optimistic that Fixigo has the potential to emerge as a leader in this category,” said Prashant Narang, co-founder, Agility Ventures.

About Fixigo

FixiGo, an auto tech start-up founded in 2019, provides hassle-free and dependable car repair and maintenance services to customers at competitive costs. In the Multi Brand Car Service Segment, its state-of-the-art innovation and technology address the requirement for an excellent client experience. It gives garage owners the tools they need to advance their careers and their businesses through technology, increase customer delivery, and create new sources of income.

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