Amicco Secures $1 Mn Seed Funding Led By Eximius

Amicco, a B2B marketplace for automotive spare parts, has raised $1 million in a seed funding round led by Eximius Ventures. 

FJ Labs and other investors also took part in this round.

The startup plans to use the fresh funds to grow its network of independent garages, enhance its tech platform and boost its marketing efforts.

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"We understand that the problem statement is quite complex and believe that technology can offer a transformative solution for the on-demand nature of the business," said founder Aalok, who previously served as Head of Business at Spinny and worked at J.P. Morgan on Wall Street.

Preeti N Sampat, Partner at Eximius Ventures, said "Aalok's operational experience as a key factor in the investment decision. Vivek's operational track record on-ground and his deep understanding of the industry's nuances gives him a clear edge."

About Amicco 

Founded in 2024 by Vivek Aalok, Amicco is solving the supply chain issues faced by independent garages across India. Its platform offers consistent pricing and better access to spare parts, to help reduce vehicle downtime and improve service quality.

The Gurugram-based Amicco plans to expand to more cities across India. Its tech aims to cut delays, improve customer experience and bring transparency to a highly unorganized sector.

Eximius Ventures is a pre-seed fund that supports early-stage startups in areas like fintech, SaaS, health tech, gaming, and online media. Its portfolio includes Jar, STAN, Skydo and Eka.care.

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