Automobile | Pixr8 News

10Jun By NitishNo Comments

FUNDING

TVS Automobile Invests in 3 Startups

TVS Automobile Solutions, a part of the Chennai-based TVS Group, today said it has made substantial investments in three startups as part of its digital initiatives to provide business solutions to vehicle and component manufacturers. The company, which has so far invested Rs 75 crore in various technology startups expects the new businesses to generate revenues to the tune of Rs 250 crore in the next three years. TVS Automobile Solutions (TVS ASL) said it has made investments in JAZZMYRIDE.com, an e-commerce player in auto aftermarket dealing with parts and accessories for passenger vehicles, two wheelers and commercial vehicles. It has also invested in AUTOSENSE, a technology and analytics based customer management services and REDSUN, a startup in Internet of Things space worki...

Online Automobile Marketplace Droom Raises 200 Crores Funding

Online automobile marketplace Droom today said it has raised an undisclosed amount from BEENEXT, Digital Garage and other existing investors to expand its presence in the South East Asian countries like Indonesia. However, according to sources, Droom has raised nearly Rs 200 crore in this round of funding. The company will also use the proceeds of the Series B funding to expand its domestic operations and strengthen its technology platform. "The amount raised for the new round of funding is significantly higher than Series A that we raised last year," Droom founder and CEO Sandeep Aggarwal told reporters. He declined to comment on the funding raised and the valuation of the company. Previously, Droom has raised seed funding of USD 1.5 million and USD 4 million in May and October 20...

AskmeBazaar announces the Launch of Automobile Category, Offers online booking of 2 Wheelers

AskmeBazaar.com, India’s fastest growing online marketplace, today announced the launch of the automobile category on its portal. The company has ventured into two-wheelers (scooters and motorbikes) and will be offering 2-wheelers from 4 renowned brands namely Honda, Piaggio, Suzuki and Royal Enfield. The company is booking orders from Pune in the initial phase and will soon be launching online bookings for automobiles in other major metropolitan cities like Gurgaon, Delhi, Noida, Bangalore, Chennai, etc. The entire booking to delivery process has been automated to deliver convenience of online and includes processes like vehicle registration, finance, insurance, etc. The rates offered are most competitive in the market. Also, AskMe Cashbacks will be available for every booking, as a p...