Skip to main content
The Entrepreneur Story logoThe Entrepreneur Story
BUSINESS·1 min read·Jan 14, 2021

India-based vehicle startup ReadyAssist nets $1m in seed round

Set up in December 2018, the India-based organization offers types of assistance, for example, on-the-spot breakdown uphold, towing, and fixes for bicycles and vehicles all through the nation through its membership model. It intends to address continuous vehicle breakdown issues of clients utilizing

Cover image forthcoming
Cover image forthcoming · Plate 01 · Photographed for The Entrepreneur Story

Set up in December 2018, the India-based organization offers types of assistance, for example, on-the-spot breakdown uphold, towing, and fixes for bicycles and vehicles all through the nation through its membership model. It intends to address continuous vehicle breakdown issues of clients utilizing profound AI, information knowledge, and activities proficiency.

ReadyAssist will utilize the assets to zero in on building up its innovation to support abandoned clients quicker than the current market arrangements and turning into a vehicle abilities force to be reckoned with, the organization said in an assertion.

“Our point is to urge the market to be more coordinated while making more open positions with the best proficient aptitudes,” said Vimal Singh, author and CEO of ReadyAssist.

The organization claims it has shut work orders adding up to 250 crore rupees (US$34.2 million) since the start of the pandemic in March 2020. It likewise claims to have timed 4 crore rupees (US$547,000) in income during the principal year of its activity.

The subsidizing round was driven by existing speculator Satish Grampurohit, with the support of different financial specialists, for example, Vijay Sambamurthi, originator and overseeing accomplice of law office Lexygen.

Vehicle administration startup ReadyAssist said it has brought US$1 million up in seed financing from a gathering of blessed messenger speculators in two tranches.

operatorsfounders2026
No. The desk answers

Reader questions.

About India-based vehicle startup ReadyAssist nets $1m in seed round — five of the most-asked, in the desk's own words.

  1. 01What is this story about?
    Set up in December 2018, the India-based organization offers types of assistance, for example, on-the-spot breakdown uphold, towing, and fixes for bicycles and vehicles all through the nation through its membership model. It intends to address continuous vehicle breakdown issues of clients utilizing
  2. 02Who wrote it?
    Sheena · Staff. 1 min read · Jan 14, 2021.
  3. 03Is this sponsored?
    If a piece is, the disclosure sits above the cover image and again in our public transparency report. This one carries no commercial disclosure.
  4. 04How do I get the rest?
    Subscribe to The Briefing for a Wednesday letter from the desk, or browse by category from the top navigation.

Continue reading

Detailed view of organized electronic circuit boards in a production setting.
Capital

SK Hynix's $26.5B IPO: A New Titan in the AI Chip Era Founders Take Note

A group of young professionals brainstorming ideas in a startup office setting.
Capital

Ground State Ventures Closes €75.2M Quantum Fund for Europe

Tony Loeb, co-founder of 10minutes.news, laughing with a notebook during his cover story interview
Founders & operators

The Ten-Minute Revolution — how Tony Loeb simplified an entire industry's future.