About Michanic
Michanic is a company based in Johannesburg (South Africa) founded in 2018 by Lesetja Dikgale.. Michanic offers products and services including Car Servicing, Car Diagnostics, Brake Pads Replacement, and Engine Light On Inspection. Michanic operates in a competitive market with competitors including Fixxr, ServiceMyCar.co.za, DentX, Swedish Auto and Ronwic Motors, among others.
- Headquarter Johannesburg, South Africa
- Founders Lesetja Dikgale
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Michanic (Pty) Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$400 K (USD), Debt – Conventional
Jul 29, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Michanic
Michanic offers a comprehensive portfolio of products and services, including Car Servicing, Car Diagnostics, Brake Pads Replacement, and Engine Light On Inspection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Routine checks and oil changes to maintain vehicle health.
Electronic scans to identify and fix vehicle issues quickly.
Replace worn pads and discs for safe braking performance.
Investigate warning lights to resolve engine problems.
Funding Insights of Michanic
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $400,000
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First Round
First Round
(29 Jul 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Debt – Conventional - Michanic | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Michanic
Michanic has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MultiChoice Group. 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 |
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Pay-television channels and internet services are provided to subscribers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Michanic
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Michanic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Michanic Comparisons
Competitors of Michanic
Michanic 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 Fixxr, ServiceMyCar.co.za, DentX, Swedish Auto and Ronwic Motors, 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 |
Online platform that provides on-site vehicle repair & maintenance services
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| domain | founded_year | HQ Location |
Automotive garage services are aggregated online by ServiceMyCar.co.za.
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| domain | founded_year | HQ Location |
Automotive damage repair pricing solutions are provided to dealers.
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| domain | founded_year | HQ Location |
Offers automotive parts sales, vehicle repairs, and performance services for customers.
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| domain | founded_year | HQ Location |
Provides auto repair services including panelbeating, collision repairs, and insurance assistance.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Michanic
When was Michanic founded?
Michanic was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Michanic located?
Michanic is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
What does Michanic do?
Michanic was founded in 2018 by Lesetja Dikgale in Johannesburg, South Africa. Automotive repair services are offered through operations centered on vehicle maintenance and fixes. The company functions within the automotive sector, serving local customers via its domain michanic.co.za. Focus is placed on standard repair needs for cars in the region, with activities based in Johannesburg.
Who are the top competitors of Michanic?
Michanic's top competitors include ServiceMyCar.co.za, Fixxr and DentX.
What products or services does Michanic offer?
Michanic offers Car Servicing, Car Diagnostics, Brake Pads Replacement, and Engine Light On Inspection.
Who are Michanic's investors?
Michanic has 1 investor. Key investors include MultiChoice Group.