Service My Car raises $10 million Seed round for expansion
UAE-based digital auto service and repair platform Service My Car, has raised $10 million from Oman-based Bahwan.
Founded in 2018, Service My Car allows its users to book their car service online, have their car collected and delivered at a time and location convenient to them, and stay updated on their car’s progress throughout the repair stages. The capital raise will help the startup expand across the GCC market.
“It is an emerging time for the automotive ecosystem as investors are noticing the benefits of technology and digitisation in the industry,” said Ozair Puda, CEO of Service My Car, adding that the startup looks to add more services “to become the one-stop online solution for all car needs”.
Service My Car claims to have a growth rate of 200 per cent during its first year and 300 per cent this past year.
“As the automotive repair industry continues to grow in the face of extended supply and tight competition, Service My Car is at the forefront of digital growth,” said a representative of Bahwan. “Most innovation has been focused on garage-level process improvements, but until now, businesses have not focused on end user convenience and affordability.