Koovers funding, investors and company details

Koovers is an emerging Engineering - Automotive startup from Bengaluru, working in the space of Koovers operates in the automotive aftermarket industry, specifically the B2B e-commerce segment for spare parts distribution.. Founded by Rajesh Krishna, Kantharaj Urs, Vinayak YB.

Company: KRSV INNOVATIVE AUTO SOLUTIONS PRIVATE LIMITED
Sector: Engineering - Automotive
Location: Bengaluru
Founders: Rajesh Krishna, Kantharaj Urs, Vinayak YB
Total funding raised: ₹7.9 Cr

Company overview

Koovers is an Indian B2B e-commerce platform founded in 2015-2016, specializing in automotive spare parts supply to independent workshops and the aftermarket ecosystem. Headquartered in Bengaluru, it was acquired by Schaeffler India Ltd in August 2023 as a 100% subsidiary, retaining its brand and operations. The primary objective is to professionalize India's post-warranty automotive aftermarket through tech-enabled B2B supply of authentic parts, simplifying sourcing, pricing, and delivery for workshops. This includes disrupting traditional supply chains by direct-to-workshop model in motor vehicle parts manufacturing and distribution.

Funding rounds

Latest round (Series A): $ 1.00 Mn (₹7.90 Cr.), 2022-06-18. Investors: Canbank Venture Capital Fund Ltd, Rajiv M Sanghvi, Naveen Philip