GVFL leads investment round as company plans expansion across states and technology upgrades to serve India's fragmented automotive aftermarket sector.
01 Jul 2025 | 593 Views | By Angitha Suresh
Garaaz, an automotive spare parts aggregator based in Jaipur, has raised ₹4.55 crore in a seed funding round led by venture capital firm GVFL. The company plans to use the capital to expand operations to other states, strengthen local distribution networks, and invest in technology development.
The funding will ...
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Garaaz, an automotive spare parts aggregator based in Jaipur, has raised ₹4.55 crore in a seed funding round led by venture capital firm GVFL. The company plans to use the capital to expand operations to other states, strengthen local distribution networks, and invest in technology development.
The funding will support Garaaz's expansion of on-ground teams across technology, sales, marketing, and operations. The company also intends to establish customer support infrastructure and integrate more unorganized workshops into its platform. Additionally, the funds will be allocated toward research and development initiatives focused on artificial intelligence and machine learning capabilities.
Founded in 2019 by Shaleen Agarwal, Garaaz operates as a Software-as-a-Service platform connecting multi-brand garages with distributors of automotive spare parts. The platform provides access to over 8 million parts across 25 car brands, offering services including parts discovery, inventory management, order processing, and workshop management.
The company has demonstrated growth over recent years, with sales doubling in the financial year 2024-25 compared to the previous year. Garaaz reports overall growth of three times its size over the past two years.
Mihir Joshi, Managing Director at GVFL, noted that India's automotive spare parts ecosystem remains fragmented, with thousands of small distributors and suppliers creating inefficiencies. He stated that Garaaz addresses these challenges by connecting brands, distributors, and workshops while establishing transparency in the market.
Shaleen Agarwal, CEO and Founder of Garaaz, described the company's mission as making spare parts accessible and efficient through technology. The platform aims to serve as a digital backbone for India's workshop economy.
The automotive aftermarket sector in India is projected to grow from $10 billion in 2023 to $14 billion by 2028, according to industry estimates. This growth presents opportunities for companies like Garaaz to organize the fragmented workshop ecosystem and improve access to genuine parts.
Garaaz was co-founded by Sahil Rally, who serves as Chief Technology Officer, and Varun Agarwal, who holds the position of Chief Operating Officer. The company operates as a business-to-business platform focused on automotive spare parts distribution.
GVFL, based in Ahmedabad, Gujarat, has made over 150 investments across various sectors including agriculture technology, health technology, financial technology, and enterprise solutions. The firm has completed more than 90 exits from its portfolio companies.