boodmo.com Raises Capital Of Rs 15 Crores

Gurugram-based boodmo.com, an auto spare parts online marketplaces, has increased its capital by INR 15 Crores. With this fresh funding, the company’s capital now stands at INR 60 Crores. In 2019, boodmo had raised INR 18 Crores from undisclosed investors in two rounds of funding. The company has till date serviced over 1 lakh customers, will use the fresh funds to further strengthen its supply chain and operations.

A unit of Smart Parts Online Private Limited, boodmo.com was launched in 2015 by two Ukrainian entrepreneurs – Yevgen Sokolnikov and Oleksandr Danylenko. With over 1 million varieties of spare parts by 400 suppliers of over 3,000 Indian as well as international brands available on its e-store. Boodmo currently has over 8 lakh customers in its registered database and about 1,000 orders are placed on the website every day.

Talking about the fresh funding, Oleksandr Danylenko, Managing Director & Co-Founder, boodmo.com, said, “Although we have a robust supply chain mechanism already in place, we have seen a considerable increase in orders on our website in the last few months. Moreover, we have recently moved our Sorting Hub in Jaipur to a bigger place, spread over 15,000 sq.ft. area. We plan to use the additional capital in further strengthening our supply chain system as well as our operations.”