About SpareIt
SpareIt is a company based in Bengaluru (India) founded in 2019 by Romi Chugh. SpareIt has raised $2.39 million across 4 funding rounds from investors including Shell, National-Auto and Rajesh Patil. The company has 62 employees as of June 05, 2025. SpareIt offers products and services including SpareIt Platform, EV Training Program, and Buy Parts Service. SpareIt operates in a competitive market with competitors including Mitchell International, Fullbay, AutoLeap, Decisiv and Shop-Ware, among others.
- Headquarter Bengaluru, India
- Employees 62 as on 05 Jun, 2025
- Founders Romi Chugh
- 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 Ecarobaar Technologies Private Limited
- Date of Incorporation 08 May, 2019
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.66 M (USD)329.93as on Mar 31, 2024
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Net Profit
-$796.54 K (USD)-244.69as on Mar 31, 2024
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EBITDA
-$686.3 K (USD)-85.7as on Mar 31, 2024
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Total Equity Funding
$2.39 M (USD)
in 4 rounds
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Latest Funding Round
$2.08 M (USD), Series A
Sep 20, 2022
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Investors
Shell
& 13 more
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Employee Count
62
as on Jun 05, 2025
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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
People of SpareIt
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Founder Team
1 people
Human Resources and Administration
1 people
Software Development Team
1 people
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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.
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.
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Shell is recognized as a global energy and petrochemical company.
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Crude products are supplied to global energy markets.
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Investor details for SpareIt
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Investments & Acquisitions by SpareIt
Investment portfolio details for SpareIt
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Financial Statements - SpareIt
Detailed financials for SpareIt
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Spareit Comparisons
Peer comparison for SpareIt
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Competitors of SpareIt
SpareIt 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 Mitchell International, Fullbay, AutoLeap, Decisiv and Shop-Ware, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS-driven collision repair and auto workshop management solutions
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Shop management software is offered for heavy duty workshops.
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SaaS-based management software is delivered for auto workshops.
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Provider cloud-based SRM solution to manage internal/external service and repair events
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Auto workshop management is streamlined via SaaS software.
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SaaS-driven repair estimation & invoicing solution for auto workshops
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Detailed competitors of SpareIt
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Latest news on Spareit
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.
As of Jun 05, 2025, the latest employee count at SpareIt is 62.
Annual revenue of SpareIt is $1.66M as on Mar 31, 2024.
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's top competitors include Mitchell International, AutoLeap and Shopmonkey.
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.