About ReadyAssist
ReadyAssist is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2016 by Vimal Singh SV. On-demand roadside assistance and vehicle maintenance services are provided. It operates in the Transportation, Automotive & Logistics and Business Services sectors. ReadyAssist has raised $6.99 million across 5 funding rounds from investors including Howen International Fund SPC, Almas Capital and SHREEM AZ HOLDING. ReadyAssist has completed 1 acquisition, including SpeedForce. ReadyAssist was last valued at $14.81 million in January 2022. Its chief executive, as recorded, is Vimal Singh SV. Its website readyassist.in draws about 28 thousand monthly visits. Its focus areas include Auto, Auto Retail & Aftersales, Repair & Maintenance and Roadside Assistance. Its legal entity in India is Readyassist Automobile Services Private Limited (U34200KA2015PTC084777). Its competitors include AUTO i CARE, AAIR and StrandD.
Company details
ReadyAssist was founded in 2016 in Bengaluru, India, operating in the automotive services sector. Breakdown support, on-site repairs for cars and bikes, and preventative maintenance including inspections are delivered to individual and corporate clients. Vehicle accessory installation and extended warranty options are also available. Technicians are dispatched to customer locations for all services.
- Headquarters Bengaluru, India
- Founders Vimal Singh SV
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website readyassist.in
- Social LinkedIn X Facebook
- Legal Name Readyassist Automobile Services Private Limited
- Date of Incorporation 17 Dec, 2015
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹10,000
FY 2023 · 0% margin
- Total Equity Funding$6.99M (USD)
in 5 rounds
- Latest Funding Round$5M (USD), Seed
Jun 2022
- InvestorsHowen International Fund SPC
& 48 more
- Investments & Acquisitions
Associated legal entities of ReadyAssist
ReadyAssist is associated with 2 registered companies on The Company Check; the primary company is Readyassist Automobile Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Readyassist Automobile Services Private Limited CIN U34200KA2015PTC084777 | Active | 17 Dec 2015 | Bangalore, Karnataka | 2 | View details | ||
| Sundaravijayam Automobile Services Private Limited CIN U63031KA2018PTC119111 | Active | 04 Dec 2018 | Bangalore, Karnataka | ₹13.8 Cr | 54 | 3 | View details |
Apps and channels of ReadyAssist
ReadyAssist publishes 1 mobile app with over 10K+ downloads.
Funding Insights of ReadyAssist
ReadyAssist has successfully raised a total of $6.99M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in June 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 $6.99M
- Total Rounds 5
- Last Round Seed — $5M
- First Round $77,674
(Feb 2019)
- Investors Count 49
All 5 funding rounds of ReadyAssist 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 |
|---|---|---|---|---|---|
| Jun 2022 | $5M | Seed | – | Almas Capital | |
| Jan 2022 | $633,142 | Seed | $14.81M | Lokesh Venkatappa | |
| Nov 2020 | $1M | Angel Round | $5.2M | Lokesh Venkatappa, Sanjay Kumar Singh | |
| Jan 2020 | $281,231 | Angel Round | $••••• | Tarun Kumar | |
| Feb 2019 | $77,674 | Angel Round | – | Vivek Subramaniyam | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $14.81M | •••••••• |
| Nov 2020 | $5.2M | •••••••• |
| Jan 2020 | $••••• | •••••••• |
Full valuation and stage history of ReadyAssist
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $14.81M (Jan 2022). 49 investors in total: 4 institutional and 45 angel.
Investors in ReadyAssist
ReadyAssist has secured backing from 49 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Howen International Fund SPC, Almas Capital and SHREEM AZ HOLDING.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| howeninternationalfundspc.tcc.mode | ||||
Renewable energy M&A advisory services are provided by Almas Capital. | almascaps.com | Dubai, United Arab Emirates | ||
Provider of brokerage services for buying, selling, and renting diversified properties | novifour.tcc.mode | Mangalore, India | ||
LV Lokesh Venkatappa | unknown_9034eab20b2e4b558 | |||
SG Satish Grampurohit | unknown_1a66a3d32e9e43528 | |||
VG Visveswara Gupta Kothamachu | unknown_512ffe5abaf74e0e8 | |||
NS Nagaraj Srinivasa | unknown_0999a040dcff4320b | |||
UM Umashankar Malapaka | unknown_c7d4cf8d3e5b4a4c8 | |||
BK Bindu KK | unknown_30b72fecda48470d8 | |||
PD Prakash Damodaran | unknown_c619f4f214c2449cb |
Investor details for ReadyAssist
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Board of directors of Readyassist Automobile Services Private Limited (ReadyAssist)
Readyassist Automobile Services Private Limited is the primary company behind ReadyAssist. The boards of the 2 registered companies of ReadyAssist currently have 5 directors; the longest-serving is Vimal Singh Vijaya Kumari Sundaram Nadar, appointed in 2018. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vimal Singh Vijaya Kumari Sundaram Nadar DIN 05016666 | Director | 04 Dec 2018 | 7 yrs 10 mo | Sundaravijayam Automobile Services Private Limited |
| Vijay Sambamurthi DIN 00018155 | Director | 04 Dec 2018 | 7 yrs 10 mo | Sundaravijayam Automobile Services Private Limited |
| Vijayakumari Charles DIN 05016702 | Additional Director | 09 Jan 2019 | 7 yrs 9 mo | Readyassist Automobile Services Private Limited |
| Vivek Ambale Subramanyam DIN 02869337 | Director | 01 Apr 2019 | 7 yrs 6 mo | Sundaravijayam Automobile Services Private Limited |
| Sundaram Nadar Vijaya Kumari Raghul DIN 09202005 | Additional Director | 01 Jul 2023 | 3 yrs 3 mo | Readyassist Automobile Services Private Limited |
People of ReadyAssist
14 people are tracked at ReadyAssist (5 in leadership, 3 in board & advisors, 6 in team).
| Name | Role | Group |
|---|---|---|
Vimal Singh SV | Founder & CEO | Leadership |
Shamshur Rahman NS | Director Of Business Operations | Leadership |
Nikhil Singhania | Vice President Strategic Partnerships & Growth | Leadership |
| Founder & CEO | Leadership | |
Manish Agrawal | Director Of Sales & Strategic Partnership - Oem, Insurance & Corporate Business | Leadership |
| Director | Board & advisors | |
Vivek Subramaniam | Director | Board & advisors |
Satish Grampurohit | Advisor | Board & advisors |
Deepak Swain | Senior Software Engineer | Team |
Praveen Chakravarthy | Technical Lead | Team |
Shuaib Pasha | Inside Sales Specialist | Team |
Mukesh Kumar Agrawal | Key Account Manager | Team |
Rambabu Sharma | Sales Officer | Team |
Gaurang Kapoor | Investments & Corporate Strategy | Team |
Complete people profiles for ReadyAssist
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ReadyAssist
Figures of Readyassist Automobile Services Private Limited, the primary company behind ReadyAssist, for FY 2023. Net loss was -₹10,000 (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹10,000Net loss · 0% margin
- ₹1 LakhPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Readyassist Automobile Services Private Limited are on its company page.
Detailed financial statements for ReadyAssist
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by ReadyAssist
ReadyAssist has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SpeedForce.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Two-wheeler maintenance and repair services are provided. | speedforce.in | Vadodara, India | 2012 | Jan 2023 | $10M |
Complete acquisition details for ReadyAssist
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of ReadyAssist
5 dated milestones of ReadyAssist across 7 years, from founding to its latest funding, stage changes and deals.
- Founded ReadyAssist is founded.
- Funding First funding round of $78K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $5.0M.
- Acquisition Acquires SpeedForce.
Competitors of ReadyAssist
ReadyAssist has 3 listed competitors in our database. They include AUTO i CARE, AAIR and StrandD.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autoicare.in | 2015 | Thane, India | App-based platform that provides roadside assistance services | |||
| aairservices.com | 2021 | Bengaluru, India | Offers roadside assistance, tyre puncture, battery jumpstart, and vehicle services. | |||
| strandd.in | 2015 | Delhi, India | 48 | On-demand roadside assistance for vehicles is facilitated via mobile app. |
Detailed competitors of ReadyAssist
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of ReadyAssist
The website of ReadyAssist (readyassist.in) receives about 27.9K visits a month.
- Monthly visits27.9K
▼ 4.7% vs previous month
Websites whose visitors overlap most with ReadyAssist. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bimalmaruti.com | 100% | #8,291,280 | View details | ||
| carvaidya.com | 91% | 680.7K | #249,982 | View details | |
| apnamechanic.com | 78% | 34.3K | #817,892 | View details | |
| gomechanic.in | 73% | 750.1K | #75,942 | View details | |
| jiobp.com | 55% | #176,203 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for ReadyAssist
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as ReadyAssist (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 Readyassist
Complete news archive for ReadyAssist
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Frequently Asked Questions about ReadyAssist
ReadyAssist was founded in 2016 and raised its 1st funding round 3 years after it was founded.
ReadyAssist is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vimal Singh SV is the CEO of ReadyAssist, as recorded in our data. They have also founded this company.
ReadyAssist is a funded company, having raised a total of $6.99M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $77.67K, raised on Feb 2019.
ReadyAssist was founded in 2016 in Bengaluru, India, operating in the automotive services sector. Breakdown support, on-site repairs for cars and bikes, and preventative maintenance including inspections are delivered to individual and corporate clients. Vehicle accessory installation and extended warranty options are also available. Technicians are dispatched to customer locations for all services.
ReadyAssist's top competitors include AUTO i CARE, StrandD and AAIR.
ReadyAssist has made 1 acquisition, including SpeedForce.
ReadyAssist has 49 investors. Key investors include Howen International Fund SPC, Almas Capital, SHREEM AZ HOLDING, Novifour, and Lokesh Venkatappa.
The valuation of ReadyAssist is $14.81M as of Jan 2022.
ReadyAssist is associated with 2 legal entities: Readyassist Automobile Services Private Limited, Sundaravijayam Automobile Services Private Limited.
The legal entities of ReadyAssist currently have 5 directors, including Vimal Singh Vijaya Kumari Sundaram Nadar, Vijay Sambamurthi, Vivek Ambale Subramanyam and others.
Yes. ReadyAssist publishes Mec+, with over 10,000 downloads.