The new round of funds will further help Boodmo strengthen its supply chain and operations.
19 Mar 2020 | 38208 Views | By Autocar Professional Bureau
Gurgaon-based online auto spare parts marketplace boodmo.com has raised Rs 15 crore in fresh round of funding. With this the company’s capital now stands at Rs 60 crore.
It maybe recollected in 2019, Boodmo had raised over Rs 18 crore from undisclosed investorsin two rounds of funding. The ...
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Gurgaon-based online auto spare parts marketplace boodmo.com has raised Rs 15 crore in fresh round of funding. With this the company’s capital now stands at Rs 60 crore.
It maybe recollected in 2019, Boodmo had raised over Rs 18 crore from undisclosed investors in two rounds of funding. The online marketplace says it has till date serviced over 100,000 customers, and the new round of funds will further help it strengthen its supply chain and operations.
A unit of Smart Parts Online, boodmo.com was launched in 2015 by two Ukrainian entrepreneurs – Yevgen Sokolnikov and Oleksandr Danylenko. The startup retails over 1 million varieties of spare parts by 400 suppliers of over 3,000 Indian as well as international brands available on its e-store, the company has a wide e-repository of genuine OEM and aftermarket spare parts. At present, Boodmo has over 800,000 customers in its registered database and about 1,000 orders are placed on the website every day.
Commenting on the fresh funding, Oleksandr Danylenko, MD and co-founder, Boodmo said, “Although we have a robust supply chain mechanism already in place, we have seen a considerable increase in orders on our website in the last few months. Moreover, we have recently moved our Sorting Hub in Jaipur to a bigger place, spread over 15,000 sqft area. We plan to use the additional capital in further strengthening our supply chain system as well as our operations.”
Boodmo has 62 employees at its corporate office in Gurgaon and 55 employees across the sorting hubs in Delhi, Bengaluru and Jaipur, and was recently listed in ‘Great Places to Work’ list, which is a global authority on building, sustaining and recognising high-trust, high-performance, culture at workplaces.
Danylenko said, “In the e-commerce business, especially in a technical field such as automotive, acquiring and retaining the right talent is the key to success. At Boodmo, we invest a lot of time and resources to train our employees and keep them updated on the latest industry trends. Since employees realise that there is a huge scope for continuous learning and growth when they work with us, their satisfaction reflects in their performance as well as our low attrition rate.”