Online marketplace for automobile spare parts in India, boodmo has raised Rs 50 million investment through FDI from an undisclosed investor. Founded in 2015 by Ukraine-based entrepreneurs Yevgen Sokolnikov and Oleksandr Danylenko, boodmo started selling car spare parts on its website in January 2017. The company has raised Rs 200 million FDI so far.
“In just 18 months of sales operations, we have made a tremendous progress, with volumes of fresh orders increasing continuously. With these fresh funds, we plan to strengthen the existing operations, along with the realization of our expansion plans.We already have a Sorting Hub in Delhi and will soon be launching the second bigger Sorting
Hub in Jaipur. Going forward, we will expand these facilities in more Tier 1 and Tier 2 cities across India.” said Yevgen Sokolnikov, Co-Founder and CEO of boodmo.
A unit of Smart Parts Online Private Limited, boodmo has a comprehensive database of genuine and aftermarket replacement parts. The company has collated a massive e-repository of genuine OEM and aftermarket car spare parts, offering over one million varieties of spares offered by 400 suppliers of over 3,000 Indian as well as international brands.
The enterprise aims to organise and standardise the Indian automobile spare parts market and make it more dynamic and transparent for all the stakeholders.