Car Easy Raises Undisclosed Amount In Seed Round

Car Services start-up, Car Easy has raised an undisclosed seed round from ah! Ventures Angel Platform, EvolveX, We Founder Circle, and Alaka Capital. 

Car Easy provides car washing and value-added services to B2B and B2C clients. It currently operates in only segments but planning to operationalise the franchisee vertical in a few months, inform the company. 

While informing about the performance of the company said that it has serviced over 35,000 vehicles to date with the help of more than 100 blue-collar workers, has its presence in 22 cities, and has saved 3.6Mn liters of society water. They have been catering to some large unicorn clients operating in the automobile space. 

Prathap Simha PV (Vikram), founder and CEO commented, "Our solution provides the overall vehicle washing and detailing for our B2B clients. We are also looking at opening our own franchisees in a few months across key cities in India. We have scaled our revenue in FY-22 by 3 times compared to the previous year and are looking at maintaining the same growth journey or even exceeding the same this year." 

“We are a profitable start-up, and our focus will continue to be not only growth but sustainable growth where fundraising will be more of a choice for us rather than a survival. We have a good order pipeline in place and this year we are looking at both organic as well as inorganic growth by acquiring a few start-ups which are working in a similar space. This fund-raise will help us expand our founding team,” said Himanshu Rath, co-founder and CFO of the company.  

The round saw participation of investors such as Arvind Agarwal (CFO-Pay U India and Ex-CFO Nykaa), Anand Padmanabhan (President Corporate Affairs- Shahi Exports), Vinay Soni (Finance Director – Flipkart), Abhishek Gupta (CEO- Turbotic and Ex-KPMG Partner) and Saurabh Singh (Head Business Strategy and Program Management- Greaves Electric Mobility).