About DoSeat
DoSeat is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2015, and was acquired by Quikr in June 2019. Online listing platform for new and used bikes. DoSeat has raised $620.6 thousand across 3 funding rounds from investors including Quikr, Orios Venture Partners and Praveen Kumar. The company has 13 employees. Its Indian entity True & Real Value Automobile Services Private Limited reported revenue of ₹1.11 Cr. The company was acqui-hired. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Motorcycles. Its competitors include Droom, CredR and BeepKart; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2015 in Mumbai, India, DoSeat functions as an online marketplace in the automotive sector. New bikes are searchable with access to dealership deals, while certified used bikes are available for booking, purchase, or visit requests. Operations cover 22 cities, with expansion planned to 50 by the end of 2016. Android mobile apps are provided for dealers and consumers.
- Headquarters Mumbai, India
- Employees 13
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website doseat.com
- Social LinkedIn X Facebook
- Acquired by Quikr (Jun 2019)
- Legal Name True & Real Value Automobile Services Private Limited
- Date of Incorporation 07 Aug, 2015
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of DoSeat
DoSeat operates through True & Real Value Automobile Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| True & Real Value Automobile Services Private Limited CIN U50401KA2015PTC142944 | Active | 07 Aug 2015 | Bangalore, Karnataka | ₹1.1 Cr | 13 | 2 | View details |
Funding Insights of DoSeat
DoSeat has successfully raised a total of $620.6K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $108.98 thousand completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $620,604
- Total Rounds 3
- Last Round Seed — $108,983
- First Round $62,296
(Oct 2015)
- Investors Count 3
All 3 funding rounds of DoSeat with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $108,983 | Seed | – | Orios Venture Partners | – |
| Nov 2016 | $449,325 | Seed | – | Orios Venture Partners | – |
| Oct 2015 | $62,296 | Angel Round | – | – |
4 investors in total: 2 institutional and 2 angel.
Investors in DoSeat
DoSeat has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Quikr, Orios Venture Partners and Praveen Kumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India | |
Online platform for second-hand listings and peer-to-peer transactions | 2008 | quikr.com | Bengaluru, India | |
PK Praveen Kumar | unknown_707ae658342d4a71a | |||
GK Ganesh Kumar | unknown_bef20f33d6194fb29 |
Investor details for DoSeat
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of True & Real Value Automobile Services Private Limited (DoSeat)
True & Real Value Automobile Services Private Limited is the primary company behind DoSeat. The board of True & Real Value Automobile Services Private Limited currently have 2 directors; the longest-serving is Prasun Kumar Mandal, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prasun Kumar Mandal DIN 09061804 | Director | 03 Mar 2021 | 5 yrs 7 mo | True & Real Value Automobile Services Private Limited |
| Vineet Sehgal DIN 07919100 | Director | 28 Feb 2024 | 2 yrs 8 mo | True & Real Value Automobile Services Private Limited |
Financials of DoSeat
Figures of True & Real Value Automobile Services Private Limited, the primary company behind DoSeat, for FY 2019. Revenue was ₹1.11 Cr (+53% year on year). Net loss was -₹68.1 Lakh (-61% margin). EBITDA was -₹91.5 Lakh (-82% margin). Revenue has grown at a compounded annual rate of +445% over three years.
- ₹1.11 CrRevenue · FY 2019 · +53% YoY
- -₹68.1 LakhNet loss · -61% margin
- -₹91.5 LakhEBITDA · -82% margin
- ₹17.4 LakhPaid-up capital
- 13Employees (provident fund records)
- +445%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of True & Real Value Automobile Services Private Limited are on its company page.
Detailed financial statements for DoSeat
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of DoSeat
4 dated milestones of DoSeat across 4 years, from founding to its latest funding, stage changes and deals.
- Founded DoSeat is founded.
- Funding First funding round of $62K.
- Funding Latest funding round, Seed, of $109K.
- Exit Acquired by Quikr.
Competitors of DoSeat
DoSeat has 3 listed competitors in our database, 3 of them funded. They include Droom, CredR and BeepKart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| droom.in | 2014 | Gurugram, India | $344.27M | 156 | Used vehicles are bought and sold through an AI platform. | |
| credr.com | 2015 | Bengaluru, India | $42.14M | 9 | Second-hand bikes are bought and sold via an online marketplace. | |
| beepkart.com | 2020 | Bengaluru, India | $18.76M | 92 | Used two-wheelers are sold via an online digital platform. |
Detailed competitors of DoSeat
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as DoSeat (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Frequently Asked Questions about DoSeat
DoSeat was founded in 2015.
DoSeat is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
DoSeat is a funded company, having raised a total of $620.6K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $62.3K, raised on Oct 2015.
DoSeat has 13 employees.
The primary company behind DoSeat, True & Real Value Automobile Services Private Limited, reported revenue of ₹1.11 Cr for FY 2019, up 53% year on year.
Founded in 2015 in Mumbai, India, DoSeat functions as an online marketplace in the automotive sector. New bikes are searchable with access to dealership deals, while certified used bikes are available for booking, purchase, or visit requests. Operations cover 22 cities, with expansion planned to 50 by the end of 2016. Android mobile apps are provided for dealers and consumers.
DoSeat has 4 investors. Key investors include Quikr, Orios Venture Partners, Praveen Kumar, and Ganesh Kumar.
DoSeat operates through True & Real Value Automobile Services Private Limited.
Yes. DoSeat was acquired by Quikr in June 2019.
The legal entities of DoSeat currently have 2 directors, including Prasun Kumar Mandal, Vineet Sehgal.