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Auto Component Supplier ‘boodmo’ Raises Additional Rs 5Cr Within One Year of Operation

boodmo, an automotive ecommerce startup in India, run by two Ukrainian entrepreneurs has raised additional Rs 5 crores in FDI within one year of its operation.

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boodmo, one of India’s largest online marketplace for auto component buyers, has raised additional Rs 5 crore from its investors. boodmo provides auto spare parts for all passenger cars running in India, from an Alto to the S-class.

boodmo, founded in 2015 by Yevgen and Oleksandr, two entrepreneurs from Ukraine started operations in 2016. The company aims to revolutionize the auto spare parts industry in India. The country’s most comprehensive marketplace for auto components, boodmo has attracted Rs 15 crores in FDI, till date.

Speaking on the FDI, Yevgen Sokolnikov, cofounder and CEO of boodmo said, “boodmo has been continuously optimizing its services in auto component marketplace. With strong product base, we enable our team to effortlessly deliver to customers’ expectations.”

Given our performance, our investor has further invested his faith in us. We look forward to such continued support to unlock further possibilities in this promising domain, Yevgen added.

Elaborating on the current focus of boodmo and expansion plans, Yevgen said, “This FDI will be used for building storage and sorting hubs. We have recently acquired a 2000 square feet space as a sorting hub in the Capital, which will provide support for growth up to 30,000 deliveries per month while reducing the delivery time. More such hubs in the near future will help boodmo scale its business operations.”, a unit of Smart Parts Online Private Limited is the country’s “”largest online marketplace” for auto components buyers. Founded in the year 2015, the company claims a comprehensive database of genuine and aftermarket replacement parts offered from over 400 suppliers across the nation. They strive to become a pioneer in the automotive parts industry. Being an unorganized sector in the country, sometimes it becomes very difficult for the car owners to find replacement parts. boodmo hopes its platform offers a trusted channel for both car owners and auto parts dealers to come under one roof in order to reap the maximum benefits out of it. Customers can find the required automotive components using our online catalogue and can make their search through VIN, brand or part number.

In 2016 boodmo opened up in the UAE; the young company says it has 4.8 crores spare parts offers listed from more than 400 suppliers and manufacturers throughout the globe and delivers products to Indian customers from Europe, USA, Japan, China, UAE and South Korea.

Their vision is to make the “automobile service industry organised where people can find the best-suited automobile parts just with the few mouse clicks.”

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