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
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Krsv Innovative Auto Solutions Private Limited
- Date of Incorporation 21 Oct, 2015
- Jurisdiction Bangalore South, Karnataka, India
-
Annual Revenue
$9.38 M (USD)139.04as on Mar 31, 2023
-
Net Profit
$-1.07 M (USD)-96.48as on Mar 31, 2023
-
EBITDA
$-1.23 M (USD)-90.2as on Mar 31, 2023
-
Total Equity Funding
$3.5 M (USD)
in 6 rounds
-
Latest Funding Round
$1 M (USD), Seed
May 17, 2022
-
Investors
Schaeffler
& 104 more
-
Employee Count
384
as on Aug 29, 2025
-
Acquired by
Schaeffler
(Aug 28, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
-
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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments are managed for promising startups.
|
Founded Year | Domain | Location | |
|
Early-stage investments in telecom, IT, and e-commerce are targeted.
|
Founded Year | Domain | Location | |
|
Multi sector focused full-service investment banking firm also offering VC investments
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Koovers
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Koovers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
B2B marketplace for tyre dealers
|
|
| domain | founded_year | HQ Location |
Online B2B marketplace to buy & sell auto parts
|
|
| domain | founded_year | HQ Location |
Digital auto parts are distributed to garages and vendors.
|
|
| domain | founded_year | HQ Location |
Auto parts and accessories are offered via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Omni channel marketplace and SaaS platform that facilitates the distribution of automobile spare parts
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Koovers
Frequently Asked Questions about Koovers
When was Koovers founded?
Koovers was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Koovers located?
Koovers is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Koovers?
Sandeep Begur is the current CEO of Koovers. They have also founded this company.
Is Koovers a funded 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.
How many employees does Koovers have?
As of Aug 29, 2025, the latest employee count at Koovers is 384.
What is the annual revenue of Koovers?
Annual revenue of Koovers is $9.38M as on Mar 31, 2023.
What does Koovers do?
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.
Who are the top competitors of Koovers?
Who are Koovers's investors?
Koovers has 105 investors. Key investors include Schaeffler, Venture Catalysts, Z Nation Lab, Beacon Trusteeship, and Astarc Ventures.
What is Koovers's valuation?
The valuation of Koovers is $9.78M as of May 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.