Boodmo raises Rs seven crore in FDI

India’s fastest growing automotive spare parts online marketplace has raised its share capital for the third time in 2018. The company has received a fresh funding of Rs seven crore from an undisclosed source. Till date, boodmo has received a total funding of Rs 27 crore.

Boodmo was founded in 2015 by Ukrainian entrepreneurs Yevgen Sokolnikov and Oleksandr Danylenko. The website currently offers over one million varieties of car spare parts by 400 suppliers of over 3,000 Indian as well as international brands.

“Due to the positive customer response and increasing demand for products available on our e-commerce platform, we launched two Sorting Hubs in Delhi and Jaipur some time back. With this fresh funding, we plan to improve the warehouse management systems with the aim of handling more Inventory at the Hubs on a monthly basis and expediting the product delivery process. This will, in turn, help us improve our overall performance,” said boodmo’s Managing Director and Co-Founder Oleksandr Danylenko.

A unit of Smart Parts Online Private Limited, aims to become a trusted channel that would connect car owners with auto spare parts dealers. Customers can find the required automotive components using the online catalogue available on the website and can make their search through VIN, brand or part number.

Read the boodmo story here

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