About Precarmart
Precarmart is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2017 by Venugopal Bidarahalli and Mayur Shetty. Dealership services for used car buying and selling are offered. Precarmart has raised $355.16 thousand across 1 funding round from investors including LetsVenture and Upsparks Capital. The company has 48 employees. Precarmart was last valued at $13.38 million in March 2022. Its website precarmart.com draws about 14 thousand monthly visits. Its Indian entity Precarmart Private Limited reported revenue of ₹67.64 Cr. Its focus areas include Auto, Auto Retail & Aftersales, Dealership and Cars. Its competitors include Spinny, CarDekho and CarWale; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 48
- Founders Venugopal Bidarahalli, Mayur Shetty
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website precarmart.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Precarmart Private Limited
- Date of Incorporation 07 Apr, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹67.64 Cr
FY 2024 · -9% YoY
- Net Loss-₹38 Lakh
FY 2024 · -1% margin
- EBITDA₹37.7 Lakh
FY 2024 · 1% margin
- Total Equity Funding$355.16K (USD)
in 1 rounds
- Latest Funding Round$355.16K (USD), Seed
Mar 2022
- InvestorsLetsVenture
& 1 more
- Employee Count48
Associated legal entities of Precarmart
Precarmart operates through Precarmart Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Precarmart Private Limited CIN U50404KA2017PTC102057 | Active | 07 Apr 2017 | Bangalore, Karnataka | ₹67.6 Cr | 48 | 2 | View details |
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.
- Total Funding $355,161
- Total Rounds 1
- Last Round Seed — $355,161
- First Round $355,161
(Mar 2022)
- Investors Count 2
All 1 funding rounds of Precarmart 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 |
|---|---|---|---|---|---|
| Mar 2022 | $355,161 | Seed | $13.38M | LetsVenture |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $13.38M | •••••••• |
Last known valuation $13.38M (Mar 2022). 2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Micro venture capital fund focused on tech startups | 2020 | upsparks.vc | Bengaluru, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India |
Investor details for Precarmart
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Board of directors of Precarmart Private Limited (Precarmart)
Precarmart Private Limited is the primary company behind Precarmart. The board of Precarmart Private Limited currently have 2 directors; the longest-serving is Mayur Shetty, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayur Shetty DIN 07776474 | Whole-time director | 07 Apr 2017 | 9 yrs 6 mo | Precarmart Private Limited |
| Venugopal Anand Bidarahalli DIN 07773915 | Whole-time director | 07 Apr 2017 | 9 yrs 6 mo | Precarmart Private Limited |
People of Precarmart
2 people are tracked at Precarmart (2 in leadership); the tracked headcount is 48.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Precarmart
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Financials of Precarmart
Figures of Precarmart Private Limited, the primary company behind Precarmart, for FY 2024. Revenue was ₹67.64 Cr (-9% year on year). Net loss was -₹38 Lakh (-1% margin). EBITDA was ₹37.7 Lakh (1% margin). Revenue has grown at a compounded annual rate of +16% over three years and +13% over five years.
- ₹67.64 CrRevenue · FY 2024 · -9% YoY
- -₹38 LakhNet loss · -1% margin
- ₹37.7 LakhEBITDA · 1% margin
- ₹1 LakhPaid-up capital
- 48Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Precarmart Private Limited are on its company page.
Detailed financial statements for Precarmart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Precarmart
3 dated milestones of Precarmart across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Precarmart is founded.
- Funding First funding round of $355K.
- Milestone Reaches Minicorn status.
Competitors of Precarmart
Precarmart has 3 listed competitors in our database, 3 of them funded. They include Spinny, CarDekho and CarWale.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spinny.com | 2015 | Gurugram, India | $741.46M | 5,736 | Retailer of inspected, certified pre-owned vehicles with service and finance options | |
| cardekho.com | 2008 | Jaipur, India | $60M | 2,381 | Retailer of new automobiles, used vehicles, and related automotive news | |
| carwale.com | 2003 | Mumbai, India | $5.89M | 1,150 | Second-hand cars are listed online to connect buyers and sellers. |
Detailed competitors of Precarmart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
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Web traffic of Precarmart
The website of Precarmart (precarmart.com) receives about 14.1K visits a month.
- Monthly visits14.1K
▲ 0.9% vs previous month
Websites whose visitors overlap most with Precarmart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
luxurymotorz.com | luxurymotorz.com | 100% | #9,922,744 | – |
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as Precarmart (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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Related news about 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. The company's 1st funding round was a Seed of $355.16K, raised on Mar 2022.
Precarmart has 48 employees.
The primary company behind Precarmart, Precarmart Private Limited, reported revenue of ₹67.64 Cr for FY 2024, down 9% year on year.
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.
Precarmart operates through Precarmart Private Limited.
The legal entities of Precarmart currently have 2 directors, including Mayur Shetty, Venugopal Anand Bidarahalli.