About Koovers
Koovers is a company based in Bengaluru (India) founded in 2015 by S Prem Kumar, Sandeep Begur, and Vinayak YB was acquired by Schaeffler in August 2023. Koovers has raised $3.5 million across 6 funding rounds from investors including Schaeffler, Venture Catalysts and Z Nation Lab. The company has 384 employees as of August 29, 2025. Koovers operates in a competitive market with competitors including TyrePlex, Autozilla, Autoverse, SparesHub and Garaaz, among others.
- Headquarter Bengaluru, India
- Employees 384 as on 29 Aug, 2025
- Founders S Prem Kumar, Sandeep Begur, Vinayak YB
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Krsv Innovative Auto Solutions Private Limited
- Date of Incorporation 21 Oct, 2015
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$9.38 M (USD)139.04as on Mar 31, 2023
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Net Profit
-$1.07 M (USD)-96.48as on Mar 31, 2023
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EBITDA
-$1.23 M (USD)-90.2as on Mar 31, 2023
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Total Equity Funding
$3.5 M (USD)
in 6 rounds
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Latest Funding Round
$1 M (USD), Seed
May 17, 2022
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Investors
Schaeffler
& 104 more
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Employee Count
384
as on Aug 29, 2025
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Acquired by
Schaeffler
(Aug 28, 2023)
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Funding Insights of Koovers
Koovers has successfully raised a total of $3.5M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in May 2022. 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 Total Funding
- Total Rounds 6
- Last Round Seed — $1.0M
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First Round
First Round
(28 May 2016)
- Investors Count 104
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Koovers | Valuation | Canbank Venture Capital Fund | |
| Feb, 2022 | Amount | Seed - Koovers | Valuation | Rangsons , Astarc Ventures | |
| Aug, 2021 | Amount | Seed - Koovers | Valuation | Inflection Point Ventures , Vikram Kumar |
Investors in Koovers
Koovers has secured backing from 105 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Schaeffler, Venture Catalysts and Z Nation Lab.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are managed for promising startups.
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Founded Year | Domain | Location | |
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Early-stage investments in telecom, IT, and e-commerce are targeted.
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Founded Year | Domain | Location | |
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Multi sector focused full-service investment banking firm also offering VC investments
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Founded Year | Domain | Location |
Investments & Acquisitions by Koovers
Financial Statements - Koovers
Koovers Comparisons
Competitors of Koovers
Koovers operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TyrePlex, Autozilla, Autoverse, SparesHub and Garaaz, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
B2B marketplace for tyre dealers
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| domain | founded_year | HQ Location |
Online B2B marketplace to buy & sell auto parts
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| domain | founded_year | HQ Location |
Digital auto parts are distributed to garages and vendors.
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| domain | founded_year | HQ Location |
Auto parts and accessories are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Omni channel marketplace and SaaS platform that facilitates the distribution of automobile spare parts
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Frequently Asked Questions about Koovers
Koovers was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Koovers is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sandeep Begur is the current CEO of Koovers. They have also founded this company.
Koovers is a funded company, having raised a total of $3.5M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.73M, raised on May 28, 2016.
As of Aug 29, 2025, the latest employee count at Koovers is 384.
Annual revenue of Koovers is $9.38M as on Mar 31, 2023.
Koovers was founded in 2015 in Bengaluru, India, as an app-based platform in the automotive sector. Car spare parts from multiple OEM brands are made available for purchase through an Android mobile app. A workshop management tool is provided to garage owners, supporting daily operations, task handling, spare parts ordering, and reporting functions.
Koovers has 105 investors. Key investors include Schaeffler, Venture Catalysts, Z Nation Lab, Beacon Trusteeship, and Astarc Ventures.
The valuation of Koovers is $9.78M as of May 2022.