Pune based Automobile spare parts and services marketplace SparesHub, has raised Rs 3 Cr in pre-Series A funding from Hyderabad Angels and Singapore-based M&S Partners. SparesHub is also a portfolio company of Delhi-based 91Springboard. SparesHub retails components of more than 50 cars brands including Skoda, VolksWagen, BMW and Audi.
How will SparesHub.com use these fresh funds?
SparesHub will use the funds to strengthen its technology infrastructure, expand operations, and enroll more participants in its marketplace
About hyderabad Angels
Hyderabad Angels had invested around Rs 6 crore ($950,000) in five startups in the country. HA investors are leading venture capitalists, entrepreneurs and business leaders, who, with their financial and business acumen, are committed to providing support to the rapidly growing Indian start-up ecosystem. Although based out of Hyderabad, they source investment opportunities from all over India and work closely with other Angel Networks, early stage VCs, Accelerators and Incubators.
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