+
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
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?