About SpareIt
SpareIt is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2019 by Romi Chugh. Workshop management solutions are offered to automotive workshops. SpareIt has raised $2.39 million across 4 funding rounds from investors including Shell, National-Auto and Rajesh Patil. The company has 62 employees. SpareIt was last valued at $6.58 million in September 2022. Its Indian entity Ecarobaar Technologies Private Limited reported revenue of ₹18.12 Cr. SpareIt offers products and services including SpareIt Platform, EV Training Program, and Buy Parts Service. Its focus areas include Auto Tech, Auto IT, Workshop Management and Workshop Management System.
Company details
SpareIt was founded in 2019 in Bengaluru, India, as a provider of workshop management solutions for the automotive sector. Services include sourcing options, last-mile logistics, and business management tools. Features encompass vehicle service history with reminders, digital invoicing, payment processing, doorstep delivery, and loan applications. Connections to distributors and manufacturers are facilitated through an Android app.
- Headquarters Bengaluru, India
- Employees 62
- Founders Romi Chugh
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website spareit.co.in
- Social LinkedIn Facebook Instagram
- Legal Name Ecarobaar Technologies Private Limited
- Date of Incorporation 08 May, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹18.12 Cr
FY 2025 · +27% YoY
- Net Loss-₹2.36 Cr
FY 2025 · -13% margin
- EBITDA-₹1.34 Cr
FY 2025 · -7% margin
- Total Equity Funding$2.39M (USD)
in 4 rounds
- Latest Funding Round$2.08M (USD), Series A
Sep 2022
- InvestorsShell
& 13 more
- Employee Count62
Associated legal entities of SpareIt
SpareIt operates through Ecarobaar Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ecarobaar Technologies Private Limited CIN U74999KA2019PTC124156 | Active | 08 May 2019 | Bangalore, Karnataka | ₹18.1 Cr | 62 | 4 | View details |
Products & Services of SpareIt
SpareIt offers a comprehensive portfolio of products and services, including SpareIt Platform, EV Training Program, and Buy Parts Service.
Platform for sourcing spares and managing business operations
Programs to upskill garages in electric vehicle technologies
Service for purchasing automotive parts through the app
Apps and channels of SpareIt
SpareIt publishes 1 mobile app with over 1K+ downloads.
Funding Insights of SpareIt
SpareIt has successfully raised a total of $2.39M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.08 million completed in September 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 $2.39M
- Total Rounds 4
- Last Round Series A — $2.08M
- First Round $34,553
(May 2020)
- Investors Count 14
All 4 funding rounds of SpareIt 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 |
|---|---|---|---|---|---|
| Sep 2022 | $2.08M | Series A | $6.58M | National-Auto | – |
| Jan 2021 | $210,504 | Seed | $1.53M | Shell | |
| Nov 2020 | $60,799 | Angel Round | $••••• | Pooja Umashankar | |
| May 2020 | $34,553 | Seed | $••••• | Dhanraj Bhagwandas Chugh |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $6.58M | •••••••• |
| Jan 2021 | $1.53M | •••••••• |
| Nov 2020 | $••••• | •••••••• |
Full valuation and stage history of SpareIt
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 $6.58M (Sep 2022). 14 investors in total: 4 institutional and 10 angel.
Investors in SpareIt
SpareIt has secured backing from 14 investors, including angel and institutional investors. Prominent investors backing the company include Shell, National-Auto and Rajesh Patil.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Shell is recognized as a global energy and petrochemical company. | 1907 | shell.com | London, United Kingdom | |
Crude products are supplied to global energy markets. | shell.in | London, United Kingdom | ||
| tsmtconsulting.com | ||||
RP Rajesh Patil | Angel investor and tech entrepreneur, focused on Indian startups | unknown_5678f4506c5c4106b | ||
KD Kaustav Das | unknown_8c678a6eb78f43038 | |||
RP Rajesh Patil | unknown_24d00bc8dcc647c58 | |||
PU Pooja Umashankar | unknown_229073c88e634b119 | |||
KN KP Nagesh | unknown_58225d07a2d2495e9 | |||
AA Alok Agarwal | unknown_76b90cc48a4249f6b | |||
JP Jesal Parekh | Angel investor and entrepreneur, focusing on early-stage Indian startups. | unknown_16e3e2511e7f44e68 |
Investor details for SpareIt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Ecarobaar Technologies Private Limited (SpareIt)
Ecarobaar Technologies Private Limited is the primary company behind SpareIt. The board of Ecarobaar Technologies Private Limited currently have 4 directors; the longest-serving is Prashant Mahendra Kamdar, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prashant Mahendra Kamdar DIN 07336015 | Whole-time director | 08 May 2019 | 7 yrs 5 mo | Ecarobaar Technologies Private Limited |
| Romi Dhanraj Chugh DIN 01982190 | Director | 06 Dec 2021 | 4 yrs 10 mo | Ecarobaar Technologies Private Limited |
| Mir Muzaffar U Zaman DIN 08596143 | Additional Director | 02 Jul 2025 | 1 yr 3 mo | Ecarobaar Technologies Private Limited |
| Mrinmoy Chakraborty DIN 05302049 | Additional Director | 02 Jul 2025 | 1 yr 3 mo | Ecarobaar Technologies Private Limited |
People of SpareIt
4 people are tracked at SpareIt (2 in leadership, 2 in team); the tracked headcount is 62.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Founder | Leadership | |
Divya Krishna | Human Resources Administrator | Team |
Shambhu S. | Senior Software Developer | Team |
Complete people profiles for SpareIt
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 SpareIt
Figures of Ecarobaar Technologies Private Limited, the primary company behind SpareIt, for FY 2025. Revenue was ₹18.12 Cr (+27% year on year). Net loss was -₹2.36 Cr (-13% margin). EBITDA was -₹1.34 Cr (-7% margin). Revenue has grown at a compounded annual rate of +281% over three years.
- ₹18.12 CrRevenue · FY 2025 · +27% YoY
- -₹2.36 CrNet loss · -13% margin
- -₹1.34 CrEBITDA · -7% margin
- ₹2.1 LakhPaid-up capital
- 62Employees (provident fund records)
- +281%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ecarobaar Technologies Private Limited are on its company page.
Detailed financial statements for SpareIt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of SpareIt
4 dated milestones of SpareIt across 3 years, from founding to its latest funding, stage changes and deals.
- Founded SpareIt is founded.
- Funding First funding round of $35K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.1M.
Web traffic of SpareIt
The website of SpareIt (spareit.co.in) receives about 4.4K visits a month.
- Monthly visits4.4K
▲ 26.4% vs previous month
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Complete news archive for SpareIt
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Frequently Asked Questions about SpareIt
SpareIt was founded in 2019 and raised its 1st funding round 1 year after it was founded.
SpareIt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
SpareIt is a funded company, having raised a total of $2.39M across 4 funding rounds to date. The company's 1st funding round was a Seed of $34.55K, raised on May 2020.
SpareIt has 62 employees.
The primary company behind SpareIt, Ecarobaar Technologies Private Limited, reported revenue of ₹18.12 Cr for FY 2025, up 27% year on year.
SpareIt was founded in 2019 in Bengaluru, India, as a provider of workshop management solutions for the automotive sector. Services include sourcing options, last-mile logistics, and business management tools. Features encompass vehicle service history with reminders, digital invoicing, payment processing, doorstep delivery, and loan applications. Connections to distributors and manufacturers are facilitated through an Android app.
SpareIt offers SpareIt Platform, EV Training Program, and Buy Parts Service.
SpareIt has 14 investors. Key investors include Shell, National-Auto, Rajesh Patil, Shell, and Kaustav Das.
The valuation of SpareIt is $6.58M as of Sep 2022.
SpareIt operates through Ecarobaar Technologies Private Limited.
The legal entities of SpareIt currently have 4 directors, including Mir Muzaffar U Zaman, Mrinmoy Chakraborty, Prashant Mahendra Kamdar and others.
Yes. SpareIt publishes SpareIt 2.0, with over 1,000 downloads.