BOODMO RAISES ADDITIONAL INR 5 CRORES FDI WITHIN ONE YEAR OF OPERATION


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Additional funding will help in expanding capacity and meeting growing demand: boodmo
Gurugram/Delhi, December 26, 2017: boodmo, country’s largest online marketplace for auto component buyers, has raised additional INR 5 Crore from its investor, recently. boodmo provides auto spare parts for all passenger cars running in India, from Alto to S-class.

boodmo, founded in the year 2015 by Yevgen and Oleksandr, two entrepreneurs from Ukraine and started operations in 2016, aims to revolutionize the auto spare parts industry in India. Country’s most comprehensive marketplace for auto components, boodmo has attracted INR 15 crores of FDI, till date.

Speaking on the FDI, Yevgen Sokolnikov, Co-Founder and CEO boodmo said, “boodmo has been continuously optimizing its services in auto component marketplace. With strong product base, we enable our team to effortlessly deliver to customers’ expectations.”

Given our performance, our investor has further invested his faith in us. We look forward to such continued support to unlock further possibilities in this promising domain, Yevgen added.

Elaborating on the current focus of boodmo and expansion plans, Yevgen said, “this FDI will be used for building storage and sorting hubs. We have recently acquired a 2000 sq ft space as a sorting hub in the Capital, which will provide support for growth up to 30,000 deliveries per month while reducing the delivery time. More such hubs in the near future will help boodmo scale its business operations.”

Date: 
Wednesday, December 27, 2017