+
Amicco Secures $1M to Disrupt Automotive Aftermarket in India
ECONOMY & POLICY

Amicco Secures $1M to Disrupt Automotive Aftermarket in India

Amicco, a vertical marketplace empowering independent garages, has successfully raised $1 million in seed funding to modernise and streamline India’s automotive aftermarket. The round was led by Eximius Ventures, with participation from other investors including FJ Labs. This funding will enable Amicco to scale its network of partner garages, refine its procurement platform, and enhance its go-to-market strategy—all with the aim of eliminating the sourcing challenges faced by independent garages.

Founded in 2024 by Vivek Aalok, a seasoned operator with deep automotive industry experience, Amicco is on a mission to fix the persistent inefficiencies in spare parts procurement. Vivek previously worked at J.P. Morgan on Wall Street, where he was involved in major deals such as the General Motors IPO. Later, he played a pivotal role in the early growth of Spinny, serving as Head of Business and helping the brand scale nationally. Drawing from this experience, Vivek launched Amicco to bring greater transparency, efficiency, and reliability to the spare parts supply chain.

"Addressing the persistent inefficiencies in spare parts sourcing is a clear market need," said Vivek Aalok, Founder, Amicco. "We understand that the problem statement is quite complex and believe that technology can offer a transformative solution for the on-demand nature of the business. We are excited and humbled by the support of Eximius Ventures and our angel and institutional investors. Preeti and the Eximius team demonstrated exceptional insight and a remarkably swift understanding of our market opportunity.”

Preeti N Sampat, Partner at Eximius Ventures, added, "Amicco’s platform addresses a core gap in the automotive aftermarket by simplifying how garages source spare parts. Vivek’s operational track record and his deep understanding of the industry’s nuances give him a clear edge. We believe Amicco will reshape a multi-billion dollar market by consolidating fragmented supply and demand. We’re proud to count them among the first investments from Eximius Fund 2 and look forward to supporting their journey in transforming this sector."

Amicco’s technology is designed to empower independent garages—often hindered by fragmented supply chains, erratic pricing, and poor visibility—by reducing downtime and improving customer satisfaction. The platform has already gained traction in Gurgaon. With this fresh capital infusion, the company plans to strengthen its technological backbone, build a high-performing team, and expand its offering across Gurgaon and other key urban centres.

About Amicco Amicco is a vertical B2B marketplace that makes spare parts sourcing transparent and seamless for garages through its pioneering procurement platform. Founded in 2024 by Vivek Aalok, the company leverages cutting-edge digital infrastructure to unify fragmented supply, enhance turnaround times, and offer transparent pricing. Initially focused on NCR, Amicco is quickly scaling to serve garages across India.

Amicco, a vertical marketplace empowering independent garages, has successfully raised $1 million in seed funding to modernise and streamline India’s automotive aftermarket. The round was led by Eximius Ventures, with participation from other investors including FJ Labs. This funding will enable Amicco to scale its network of partner garages, refine its procurement platform, and enhance its go-to-market strategy—all with the aim of eliminating the sourcing challenges faced by independent garages. Founded in 2024 by Vivek Aalok, a seasoned operator with deep automotive industry experience, Amicco is on a mission to fix the persistent inefficiencies in spare parts procurement. Vivek previously worked at J.P. Morgan on Wall Street, where he was involved in major deals such as the General Motors IPO. Later, he played a pivotal role in the early growth of Spinny, serving as Head of Business and helping the brand scale nationally. Drawing from this experience, Vivek launched Amicco to bring greater transparency, efficiency, and reliability to the spare parts supply chain. Addressing the persistent inefficiencies in spare parts sourcing is a clear market need, said Vivek Aalok, Founder, Amicco. We understand that the problem statement is quite complex and believe that technology can offer a transformative solution for the on-demand nature of the business. We are excited and humbled by the support of Eximius Ventures and our angel and institutional investors. Preeti and the Eximius team demonstrated exceptional insight and a remarkably swift understanding of our market opportunity.” Preeti N Sampat, Partner at Eximius Ventures, added, Amicco’s platform addresses a core gap in the automotive aftermarket by simplifying how garages source spare parts. Vivek’s operational track record and his deep understanding of the industry’s nuances give him a clear edge. We believe Amicco will reshape a multi-billion dollar market by consolidating fragmented supply and demand. We’re proud to count them among the first investments from Eximius Fund 2 and look forward to supporting their journey in transforming this sector. Amicco’s technology is designed to empower independent garages—often hindered by fragmented supply chains, erratic pricing, and poor visibility—by reducing downtime and improving customer satisfaction. The platform has already gained traction in Gurgaon. With this fresh capital infusion, the company plans to strengthen its technological backbone, build a high-performing team, and expand its offering across Gurgaon and other key urban centres. About Amicco Amicco is a vertical B2B marketplace that makes spare parts sourcing transparent and seamless for garages through its pioneering procurement platform. Founded in 2024 by Vivek Aalok, the company leverages cutting-edge digital infrastructure to unify fragmented supply, enhance turnaround times, and offer transparent pricing. Initially focused on NCR, Amicco is quickly scaling to serve garages across India.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?