Automotive Spare Parts Aggregator Garaaz Raises ₹4.55 Cr in Seed Round Led by GVFL

Garaaz, an Automobile spare parts aggregator has raised ₹4.55 Cr in a seed round led by GVFL. The funds raised will be used to scale operations in other states, strengthen local distribution, partnerships, and on-ground teams, invest in technological innovation (R&D) and hire key talent across technology, sales, marketing, and operations. The company plans to set up scalable customer support infrastructure and bring the unorganised workshops under their umbrella. The current capital raise will also enable Garaaz’s goal of becoming India’s leading digital ecosystem and most comprehensive online hub for automotive spare parts, seamlessly connecting stakeholders across platforms on a trusted and transparent platform. The key areas of expansion and funding plans include; technology development in order to enhance product & platform features, build robust backend systems and data infrastructure, invest in AI/ML for automation and decision intelligence to deliver a superior customer experience. Streamline procurement and logistics for better unit economics, invest in tools and systems to ensure last-mile delivery efficiency and finally to ensure data security, legal compliance, and scalable backend architecture in order to build trust and deliver quality products to the customers. Garaaz is bringing much-needed structure, efficiency, and clarity to a traditionally unorganized and unregulated market.

- Auto EV Times

Mihir Joshi, Managing Director, GVFL, said, “India has come a long way in terms of online markets. Today, we can buy EV motorcycles on E-commerce platforms. However, the spare parts ecosystem for the auto industry is highly fragmented, with thousands of small distributors, middlemen, and local suppliers leading to inefficiencies and a lack of standardization, making it highly unreliable. Garaaz is addressing the issue by connecting key stakeholders—brands, distributors/retailers, and workshops—while fostering trust and transparency in a traditionally unorganized and complex market.”