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.
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.”
Founded in 2019 by Shaleen Agarwal with the aim to bring together multi-brand garages that can seamlessly discover, compare, and purchase from a catalog of over 8 million parts spanning 25 leading car brands. Garaaz has doubled its sales in FY 24-25 vis-a-vis FY 23-24 and has grown 3X in the last 2 years. Offering features such as; parts discovery, inventory lookup, orders & schemes, account management, orders & CBO, sales & schemes, branch management, workshop management to distributors, OEMs, resellers as well as manufacturers.
Shaleen Agarwal, CEO & Founder, Garaaz said, “At Garaaz, we’re not just delivering spare parts — we’re powering the heart of India’s workshop economy. Every order, every delivery, every connection is backed by a tech backbone that scales trust, transparency, and efficiency across the aftermarket. Our mission is simple: make spare parts accessible, intelligent, and instant — with technology so seamless, it feels invisible.”
India’s automotive aftermarket sector is projected to go up to $14 billion by 2028 from $10 billion in 2023 presenting significant growth opportunities for companies like Garaaz to scale their operations. This expansive market presents significant opportunities for Garaaz to digitize and organize the fragmented workshop ecosystem, facilitating seamless access to genuine parts and fostering efficiency across the value chain.
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