About Precarmart
Precarmart is a company based in Bengaluru (India) founded in 2017 by Venugopal Bidarahalli and Mayur Shetty. Precarmart has raised $355.16 thousand across 1 funding round from investors including LetsVenture and Upsparks Capital. The company has 48 employees as of April 04, 2024. Precarmart operates in a competitive market with competitors including Spinny, CarDekho, CarWale, Droom and Pendragon, among others.
- Headquarter Bengaluru, India
- Employees 48 as on 04 Apr, 2024
- Founders Venugopal Bidarahalli, Mayur Shetty
- Stage Minicorn
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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 Precarmart Private Limited
- Date of Incorporation 07 Apr, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8.89 M (USD)16as on Mar 31, 2023
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Net Profit
$19.34 K (USD)144.13as on Mar 31, 2023
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EBITDA
$40.42 K (USD)-25.28as on Mar 31, 2023
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Total Equity Funding
$355.16 K (USD)
in 1 rounds
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Latest Funding Round
$355.16 K (USD), Seed
Mar 07, 2022
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Investors
LetsVenture
& 1 more
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Employee Count
48
as on Apr 04, 2024
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Funding Insights of Precarmart
Precarmart has successfully raised a total of $355.16K through 1 strategic funding round. The most recent funding activity was a Seed round of $355.16 thousand completed in March 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.
Investors in Precarmart
Precarmart has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include LetsVenture and Upsparks Capital.
| Investor | Description | Founded Year | Domain | Location |
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Micro venture capital fund focused on tech startups
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Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth
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Investor details for Precarmart
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Investments & Acquisitions by Precarmart
Investment portfolio details for Precarmart
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Financial Statements - Precarmart
Detailed financials for Precarmart
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Precarmart Comparisons
Peer comparison for Precarmart
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Competitors of Precarmart
Precarmart 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 Spinny, CarDekho, CarWale, Droom and Pendragon, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Retailer of inspected, certified pre-owned vehicles with service and finance options
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Retailer of new automobiles, used vehicles, and related automotive news
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Second-hand cars are listed online to connect buyers and sellers.
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Used vehicles are bought and sold through an AI platform.
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Car dealership, repair, and leasing services are provided.
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Online marketplace for used cars
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Detailed competitors of Precarmart
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Latest news on Precarmart
Complete news archive for Precarmart
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Frequently Asked Questions about Precarmart
Precarmart was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Precarmart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Precarmart is a funded company, having raised a total of $355.16K across 1 funding round to date.
As of Apr 04, 2024, the latest employee count at Precarmart is 48.
Annual revenue of Precarmart is $8.89M as on Mar 31, 2023.
Precarmart was founded in 2017 in Bengaluru, India, as a provider of dealership services in the used car sector. Operations focus on facilitating transactions for buying and selling pre-owned vehicles through a dedicated platform. Services include vehicle sourcing, inspections, and sales support, primarily serving the Indian market with an emphasis on regional accessibility in urban areas.
Precarmart has 2 investors. Key investors include LetsVenture, and Upsparks Capital.
The valuation of Precarmart is $13.38M as of Mar 2022.