Amicco raises $1 million to digitise garage spare parts sourcing
Company News

Amicco raises $1 million to digitise garage spare parts sourcing

Amicco, a vertical marketplace streamlining spare parts sourcing for independent garages, has raised $1 million in seed funding led by Eximius Ventures. The round also saw participation from FJ Labs and other investors.
Founded in 2024 by Vivek Aalok, Amicco aims to solve sourcing inefficiencies in India’s automotive aftermarket by offering a tech-driven, on-demand procurement platform. The fresh capital will be used to scale the garage network, enhance tech infrastructure, and expand into key cities beyond its initial Gurgaon base.
"Addressing the persistent inefficiencies in spare parts sourcing is a clear market need," explained 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.”
"Amicco’s platform addresses a core gap in the automotive aftermarket by simplifying how garages source spare parts," said Preeti N Sampat, Partner at Eximius Ventures. "Vivek’s operational track record on-ground and his deep understanding of the industry’s nuances gives 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 platform enables garages to overcome challenges like fragmented supply chains, erratic pricing, and inventory delays, ultimately reducing customer downtime and enhancing satisfaction.

Amicco, a vertical marketplace streamlining spare parts sourcing for independent garages, has raised $1 million in seed funding led by Eximius Ventures. The round also saw participation from FJ Labs and other investors.Founded in 2024 by Vivek Aalok, Amicco aims to solve sourcing inefficiencies in India’s automotive aftermarket by offering a tech-driven, on-demand procurement platform. The fresh capital will be used to scale the garage network, enhance tech infrastructure, and expand into key cities beyond its initial Gurgaon base.Addressing the persistent inefficiencies in spare parts sourcing is a clear market need, explained 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.”Amicco’s platform addresses a core gap in the automotive aftermarket by simplifying how garages source spare parts, said Preeti N Sampat, Partner at Eximius Ventures. Vivek’s operational track record on-ground and his deep understanding of the industry’s nuances gives 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 platform enables garages to overcome challenges like fragmented supply chains, erratic pricing, and inventory delays, ultimately reducing customer downtime and enhancing satisfaction.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?