About SparesHub
SparesHub is a company based in Pune (India) founded in 2013 by Arijit Chakraborty.. SparesHub has raised $2.81 million across 9 funding rounds from investors including Vistra ITCL, Primarc and Lumis Partners. The company has 60 employees as of April 08, 2024. SparesHub offers products and services including Lubricants, Filters, Brakes, Clutch Sets, and Shock Absorbers. SparesHub operates in a competitive market with competitors including TyrePlex, Koovers, Garaaz, Autoverse and Autozilla, among others.
- Headquarter Pune, India
- Employees 60 as on 08 Apr, 2024
- Founders Arijit Chakraborty
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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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 Iradium Automobiles Private Limited
- Date of Incorporation 10 Sep, 2013
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$428.66 K (USD)-24.4as on Mar 31, 2023
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Net Profit
$-259.4 K (USD)-15.43as on Mar 31, 2023
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EBITDA
$-238.54 K (USD)-27.12as on Mar 31, 2023
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Total Equity Funding
$2.81 M (USD)
in 9 rounds
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Latest Funding Round
$145.87 K (USD), Series A
May 16, 2023
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Investors
Vistra ITCL
& 100 more
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Employee Count
60
as on Apr 08, 2024
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Products & Services of SparesHub
SparesHub offers a comprehensive portfolio of products and services, including Lubricants, Filters, Brakes, Clutch Sets, and Shock Absorbers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Range of engine oils and lubricants for vehicle maintenance
Air, oil, and fuel filters for automotive systems
Brake pads, discs, and components for vehicle safety
Clutch assemblies and bearings for engine systems
Shock absorbers for improved ride quality
Lights and electrical parts for cars
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Funding Insights of SparesHub
SparesHub has successfully raised a total of $2.81M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $145.87 thousand completed in May 2023. 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 9
- Last Round Series A — $145,868
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First Round
First Round
(17 Oct 2015)
- Investors Count 101
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - SparesHub | Valuation |
investors |
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| May, 2022 | Amount | Series A - SparesHub | Valuation | Lumis Partners | |
| Oct, 2021 | Amount | Seed - SparesHub | Valuation | Holomua Consulting |
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| 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 SparesHub
SparesHub has secured backing from 101 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Vistra ITCL, Primarc and Lumis Partners. 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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Investment in alternative assets, businesses, and funds in India.
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Founded Year | Domain | Location | |
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Multiple sectors including logistics and green tech are invested in.
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Founded Year | Domain | Location | |
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Investment firm focusing on early stage, venture capital, and equities investments.
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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 SparesHub
| 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 - SparesHub
| 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 |
Spareshub Comparisons
Competitors of SparesHub
SparesHub 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 TyrePlex, Koovers, Garaaz, Autoverse and Autozilla, 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 |
B2B marketplace for tyre dealers
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| domain | founded_year | HQ Location |
App-based platform offering car spare parts and accessories
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| domain | founded_year | HQ Location |
Omni channel marketplace and SaaS platform that facilitates the distribution of automobile spare parts
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| domain | founded_year | HQ Location |
Digital auto parts are distributed to garages and vendors.
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| domain | founded_year | HQ Location |
Online B2B marketplace to buy & sell auto parts
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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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Latest news on Spareshub
Frequently Asked Questions about SparesHub
When was SparesHub founded?
SparesHub was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is SparesHub located?
SparesHub is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is SparesHub a funded company?
SparesHub is a funded company, having raised a total of $2.81M across 9 funding rounds to date. The company's 1st funding round was a Seed of $104.22K, raised on Oct 17, 2015.
How many employees does SparesHub have?
As of Apr 08, 2024, the latest employee count at SparesHub is 60.
What is the annual revenue of SparesHub?
Annual revenue of SparesHub is $428.66K as on Mar 31, 2023.
What does SparesHub do?
SparesHub was established in 2013 in Pune, India, as an e-distributor platform in the automotive sector. Auto parts and accessories are listed for buyers to search by manufacturer, brand, or part type. Operations are centered on facilitating online transactions between suppliers and customers within the Indian market, with a focus on streamlined discovery and procurement processes.
Who are the top competitors of SparesHub?
What products or services does SparesHub offer?
SparesHub offers Lubricants, Filters, Brakes, Clutch Sets, and 2 more products and services.
Who are SparesHub's investors?
SparesHub has 101 investors. Key investors include Vistra ITCL, Primarc, Lumis Partners, The Chennai Angels, and Mani's Dum Biryani.
What is SparesHub's valuation?
The valuation of SparesHub is $5.12M as of May 2023.
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