Smart Garage, an AI-driven automotive service marketplace startup, has raised INR 24 million in a Pre-Series A funding round.
This capital, the company said, represents the initial phase of a broader INR 150 million fundraising target. The company intends to secure the remaining INR 126 million over the next 12 to 18 months to support its expansion and reach a projected revenue run-rate of INR 800 million by the end of FY2027.
The platform operates on a B2B2C model, connecting a network of more than 500 partner garages across Tier-1 and Tier-2 cities with fleet operators, insurance firms and vehicle owners.
It aims to provide structure to India’s fragmented automotive aftermarket, which is currently valued at approximately USD 11–14 billion and forecast to reach USD 20–25 billion over the next decade. Smart Garage plans to scale its network to 10,000 workshops by 2030 through its software-as-a-service (SaaS) platform.
The newly acquired funds will be utilised to advance deep-learning capabilities in vehicle diagnostics, damage assessment and predictive maintenance. Smart Garage also intends to standardise its workshop network through structured training and strengthen digital workflows.
While the current revenue model is driven by franchise operations and spare parts supply via Pikpart, the company plans to introduce commission-based and recurring SaaS subscription models for its diagnostic and inventory management tools.
Pawan Singh Raghuvanshi, Founder and CEO, Smart Garage, said, “This INR 24 million Pre-Series A round marks the start of our broader INR 150 million fundraising journey. While the industry often focuses on hardware fixes, we believe real impact comes from solving deeper operational inefficiencies through AI and technology. Our goal is to build a transparent, trusted, and fully digital automotive aftermarket ecosystem in India – one that empowers workshops and delivers a seamless experience to customers.”
Comments (0)
ADD COMMENT