About ServiceMyCar
ServiceMyCar is a company based in Dubai (United Arab Emirates) founded in 2018.. ServiceMyCar has raised $10 million across 1 funding round from investors including Bahwan Engineering Company. ServiceMyCar operates in a competitive market with competitors including MyTVS, CAFU, Lubxpress, Emaragy and Garaji, among others.
- Headquarter Dubai, United Arab Emirates
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Seed
Mar 09, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of ServiceMyCar
ServiceMyCar has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in March 2021. 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 1
- Last Round Seed — $10.0M
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First Round
First Round
(09 Mar 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Seed - ServiceMyCar | Valuation |
investors |
| 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 |
Investors in ServiceMyCar
ServiceMyCar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bahwan Engineering Company. 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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Engineering, construction, products, and facilities management services in Oman and UAE.
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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 ServiceMyCar
| 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 - ServiceMyCar
| 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 |
Servicemycar Comparisons
Competitors of ServiceMyCar
ServiceMyCar 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 MyTVS, CAFU, Lubxpress, Emaragy and Garaji, 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 for booking automotive repair and maintenance services
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| domain | founded_year | HQ Location |
Operates an on-demand platform for various car services.
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| domain | founded_year | HQ Location |
App-based platform delivering onsite vehicle oil change services for consumers.
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| domain | founded_year | HQ Location |
Operates an app-based platform aggregating automotive garage services.
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| domain | founded_year | HQ Location |
Online platform that aggregates garages for automotive repair & services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 ServiceMyCar
When was ServiceMyCar founded?
ServiceMyCar was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is ServiceMyCar located?
ServiceMyCar is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is ServiceMyCar a funded company?
ServiceMyCar is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Mar 09, 2021.
What does ServiceMyCar do?
ServiceMyCar was founded in 2018 and operates in the automotive services sector, focusing on car washing and related maintenance. Services are delivered through an online platform accessible via servicemycar.com, targeting vehicle owners in Dubai. Operations are based in the United Arab Emirates, where on-demand cleaning and detailing options are offered to ensure vehicle upkeep. The company emphasizes efficient, location-based service fulfillment in urban settings.
Who are the top competitors of ServiceMyCar?
Who are ServiceMyCar's investors?
ServiceMyCar has 1 investor. Key investors include Bahwan Engineering Company.