Dubai, UAE-based Service My Car, last week, announced that it has raised $10 million in seed funding from Oman-based Suhail Bahwan Group.
The startup will utilise the fresh capital to fuel its expansion across the GCC region.
Founded in 2018, Service My Car offers its users the ability 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.
Speaking of the development, Ozair Puda, CEO of Service My Car, said
“It is an emerging time for the automotive ecosystem as investors are noticing the benefits of technology and digitization in the industry. With the infusion of this capital, we are looking forward to extending this convenience, affordability, and transparency to all GCC car owners. Additionally, our 12-months labor and parts warranty will be disruptive for the siloed and segmented car repair industry. We are hoping to extend our services offered with car detailing, service contracts, roadside assistance, 4×4 accessories, car insurance, car rental, and mobile service to become the one-stop online solution for all car needs.”
Service My Car claims to have a growth rate of 200 percent during its first year and 300 per cent this last year.
A representative of Bahwan, shared,
“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. Most innovation has been focused on garage-level process improvements, but until now, businesses have not focused on end-user convenience and affordability. Service My Car has shown exceptional results since inception with a growth rate of 200% during its first year and 300% this past year. They have the team, talent, and technology to not only succeed but to emerge as the leader in the online car servicing ecosystem.”