Founders of LetsService
Sachin Srikanth, CEO and Co-Founder
Girish Gangadhar Co-Founder
Manoj Perakam Co-Founder
Bootstrapped - $20,000
Story of Letservice.in
The idea of LetsService sprang up from one of our co-founder's personal experience while he was building his first start-up. He says “As the start-up life goes, you do not have time to eat, and servicing your bike is almost not a priority at that point. You are living bootstrapped and on shoe string budgets. I used my bike everyday riding 50+ kms and absolutely ignored what my bike was going through. One day the bike broke down and this created a huge dent in my wallet. While I had to shell out close to Rs. 10,000, I could not stop cursing myself." This experience gave birth to LetsService.in and we are now growing steadily bike by bike.
They help busy working professionals get their two wheelers serviced sitting at home or office. LetsService also helps customers understand their bike better by explaining the problems in detail and in non-automobile language which is simple to understand.
LetsService Business Facts
registered with 60 authorised service centres
Manages over 20 bikes a day
Revenue Model of LetsService
Charges a convenience fee of Rs 300 per customer
How LetsService works?
One needs go to the website and schedule a pickup. Post schedule, its bike runner will visit your home/office, inspect the bike, and document problems; he will then take it to a partnered authorised service centre and once serviced he will drop it back to your home/office. Bikers end up saving a lot of time and peace of mind is intact. The biker can track his bike through the day with intuitive alerts and notifications.
Fact & Figures about Bike Industry-India
Bikes sold in Bengaluru alone every month - 60,000 units
Bikes serviced at authorised service centres every month - 150,000 units
Two Wheeler Sales in India - July 2015 Report
Office Address - LetsService
BHive Business Center, L-148,
5th Main, 6th Sector,
HSR Layout, Bangalore,
Other Automobile Service Startups -India