BeepKart has raised $3 million in its seed round drove by Stellaris Venture Partners and Chiratae Ventures

BeepKart, an online retailer of utilized bikes, has raised $3 million in its seed round drove by Stellaris Venture Partners and Chiratae Ventures. A grasp of angels, for example, Varun Alagh, Sahil Barua, Vivekananda Hallekere, Kunal Shah, Ramakant Sharma, Rajesh Yabaji and Rajesh Sawhney have also joined the round.

The funding cash will be utilized in building its engineering team to follow through on its tech and item first goals, said BeepKart in a press release.

Established by Hemir Doshi and Abhishek Saraf, BeepKart allows buyers to advantageously peruse, select and book their preferred utilized 2-wheeler directly from their cell phones.

The business is presently Live in Bengaluru and will expand to three additional locations over the upcoming a year. BeepKart will engage all through the purchaser’s ownership lifecycle by providing reliable spare parts, administrations, accessories, loans, and insurance for the utilized bicycles through network partners, the statement said.