About SpeedForce
SpeedForce is a Transportation, Automotive & Logistics company based in Vadodara (India) founded in 2012 by Kapil Bhindi, Ashok Shah, and Deepen Barai, and was acquired by ReadyAssist in January 2023. Two-wheeler maintenance and repair services are provided. It operates in the Transportation, Automotive & Logistics and Business Services sectors. Its Indian entity Speed-Force Ventures Private Limited reported revenue of ₹3.31 Cr. SpeedForce offers products and services including Door Step Service, Repair and Maintenance, and Breakdown Support. Its focus areas include Auto, Auto Retail & Aftersales, Repair & Maintenance and Repair Shops. Its competitors include GoMechanic, MyTVS and GoBumpr; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Vadodara, India
- Founders Kapil Bhindi, Ashok Shah, Deepen Barai
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website speedforce.in
- Social LinkedIn Facebook Instagram
- Acquired by ReadyAssist (Jan 2023)
- Legal Name Speed-Force Ventures Private Limited
- Date of Incorporation 04 Feb, 2019
- Jurisdiction Vadodara, Gujarat, India
- Annual Revenue₹3.31 Cr
FY 2022 · +153% YoY
- Net Loss-₹58 Lakh
FY 2022 · -18% margin
- EBITDA-₹56.3 Lakh
FY 2022 · -17% margin
- Investors
- Acquired byReadyAssist
(Jan 2023)
Associated legal entities of SpeedForce
SpeedForce operates through Speed-Force Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Speed-Force Ventures Private Limited CIN U74997GJ2019PTC106417 | Active | 04 Feb 2019 | Vadodara, Gujarat | ₹3.3 Cr | 2 | View details |
Products & Services of SpeedForce
SpeedForce offers a comprehensive portfolio of products and services, including Door Step Service, Repair and Maintenance, and Breakdown Support.
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.
Investors in SpeedForce
SpeedForce has secured backing from 1 investor. Prominent investors backing the company include ReadyAssist.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
On-demand roadside assistance and vehicle maintenance services are provided. | 2016 | readyassist.in | Bengaluru, India |
Investor details for SpeedForce
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Board of directors of Speed-Force Ventures Private Limited (SpeedForce)
Speed-Force Ventures Private Limited is the primary company behind SpeedForce. The board of Speed-Force Ventures Private Limited currently have 2 directors; the longest-serving is Deepenbhai Barai Ramniklal, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepenbhai Barai Ramniklal DIN 07943498 | Director | 04 Feb 2019 | 7 yrs 8 mo | Speed-Force Ventures Private Limited |
| Kapil Prafullbhai Bhindi DIN 07935053 | Director | 12 Dec 2019 | 6 yrs 10 mo | Speed-Force Ventures Private Limited |
People of SpeedForce
3 people are tracked at SpeedForce (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Deepen Barai | Founder | Leadership |
Complete people profiles for SpeedForce
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Financials of SpeedForce
Figures of Speed-Force Ventures Private Limited, the primary company behind SpeedForce, for FY 2022. Revenue was ₹3.31 Cr (+153% year on year). Net loss was -₹58 Lakh (-18% margin). EBITDA was -₹56.3 Lakh (-17% margin). Revenue has grown at a compounded annual rate of +1136% over three years.
- ₹3.31 CrRevenue · FY 2022 · +153% YoY
- -₹58 LakhNet loss · -18% margin
- -₹56.3 LakhEBITDA · -17% margin
- ₹1.5 LakhPaid-up capital
- +1136%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Speed-Force Ventures Private Limited are on its company page.
Detailed financial statements for SpeedForce
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Timeline of SpeedForce
2 dated milestones of SpeedForce across 11 years, from founding to its latest funding, stage changes and deals.
- Founded SpeedForce is founded.
- Exit Acquired by ReadyAssist.
Competitors of SpeedForce
SpeedForce has 3 listed competitors in our database, 3 of them funded. They include GoMechanic, MyTVS and GoBumpr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gomechanic.in | 2016 | Gurugram, India | $62.01M | 171 | Provider of car service and repair network | |
| mytvs.in | 2003 | Chennai, India | $223.22M | 1,292 | Online platform for booking automotive repair and maintenance services | |
| gobumpr.com | 2015 | Chennai, India | $2.66M | 1,051 | App-based garage aggregation for auto repair and maintenance is offered. |
Detailed competitors of SpeedForce
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Web traffic of SpeedForce
The website of SpeedForce (speedforce.in) receives about 4.8K visits a month.
- Monthly visits4.8K
▼ 42.7% vs previous month
Websites whose visitors overlap most with SpeedForce. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
online2all.com | online2all.com | 100% | – | ||
bikepromech.in | bikepromech.in | 90% | #2,201,684 | – | |
| bikefixup.in | 84% | 1.3K | #10,550,389 | View details |
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as SpeedForce (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Speedforce
Complete news archive for SpeedForce
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Frequently Asked Questions about SpeedForce
SpeedForce was founded in 2012.
SpeedForce is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
The primary company behind SpeedForce, Speed-Force Ventures Private Limited, reported revenue of ₹3.31 Cr for FY 2022, up 153% year on year.
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.
SpeedForce's top competitors include GoMechanic, MyTVS and GoBumpr.
SpeedForce offers Door Step Service, Repair and Maintenance, and Breakdown Support.
SpeedForce has 1 investor. Key investors include ReadyAssist.
SpeedForce operates through Speed-Force Ventures Private Limited.
Yes. SpeedForce was acquired by ReadyAssist in January 2023.
The legal entities of SpeedForce currently have 2 directors, including Deepenbhai Barai Ramniklal, Kapil Prafullbhai Bhindi.