About SpeedForce
SpeedForce is a company based in Vadodara (India) founded in 2012 by Kapil Bhindi, Ashok Shah, and Deepen Barai was acquired by ReadyAssist in January 2023.. SpeedForce offers products and services including Door Step Service, Repair and Maintenance, and Breakdown Support. SpeedForce operates in a competitive market with competitors including GoMechanic, MyTVS, GoBumpr, VehicleCare and Ki Mobility Solutions, among others.
- Headquarter Vadodara, India
- Founders Kapil Bhindi, Ashok Shah, Deepen Barai
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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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 Speed-Force Ventures Private Limited
- Date of Incorporation 04 Feb, 2019
- Jurisdiction Vadodara, Gujarat, India
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Annual Revenue
$400.19 K (USD)153.29as on Mar 31, 2022
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Net Profit
$-70.18 K (USD)5.07as on Mar 31, 2022
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EBITDA
$-68.77 K (USD)7.32as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
ReadyAssist
(Jan 31, 2023)
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Products & Services of SpeedForce
SpeedForce offers a comprehensive portfolio of products and services, including Door Step Service, Repair and Maintenance, and Breakdown Support. 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.
Provides pickup, repair, and delivery for two-wheelers at customer locations.
Offers comprehensive repairs and maintenance for multiple two-wheeler brands.
Delivers on-road assistance and fixes for two-wheeler breakdowns.
Funding Insights of SpeedForce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 SpeedForce
SpeedForce has secured backing from 1 investor. Prominent investors backing the company include ReadyAssist. 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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On-demand roadside assistance and vehicle maintenance services are provided.
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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 SpeedForce
| 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 - SpeedForce
| 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 |
Speedforce Comparisons
Competitors of SpeedForce
SpeedForce 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 GoMechanic, MyTVS, GoBumpr, VehicleCare and Ki Mobility Solutions, 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 |
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| domain | founded_year | HQ Location |
Provider of car service and repair network
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| domain | founded_year | HQ Location |
Online platform for booking automotive repair and maintenance services
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| domain | founded_year | HQ Location |
App-based garage aggregation for auto repair and maintenance is offered.
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| domain | founded_year | HQ Location |
AI-based car repair and maintenance services are delivered.
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| domain | founded_year | HQ Location |
Digital automotive marketplace platform
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| domain | founded_year | HQ Location |
App-based onsite car service, wash and detailing service booking platform
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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 Speedforce
Frequently Asked Questions about SpeedForce
When was SpeedForce founded?
SpeedForce was founded in 2012.
Where is SpeedForce located?
SpeedForce is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
What is the annual revenue of SpeedForce?
Annual revenue of SpeedForce is $400.19K as on Mar 31, 2022.
What does SpeedForce do?
SpeedForce was founded in 2012 in Vadodara, India, within the automotive sector focused on two-wheelers. Maintenance and repair services for these vehicles are offered, including warranty programs, pick-up and drop facilities, on-road breakdown assistance, insurance support, annual maintenance contracts, spare parts, and lubricants. Operations are centered in India, supporting vehicle owners through these specialized services.
Who are the top competitors of SpeedForce?
SpeedForce's top competitors include GoMechanic, MyTVS and VehicleCare.
What products or services does SpeedForce offer?
SpeedForce offers Door Step Service, Repair and Maintenance, and Breakdown Support.
Who are SpeedForce's investors?
SpeedForce has 1 investor. Key investors include ReadyAssist.