Pitstop Reports 350% Growth In Revenue

Pitstop has announced that the company has achieved a 350% growth in revenue in the last financial year. In 2018, Pitstop launched operations in Singapore with Goldbell, and also forged a partnership with Hella to launch 50 co-branded garages, pan-India. 

Mihir Mohan, Founder, and CEO of Pitstop said, “2019 is the year to scale up our B2C business in existing cities including Bangalore, Delhi, and Gurgaon. Also, we have expansion plans for other Tier 1 cities, for which we will be hiring over 2000 mechanics."

A doorstep car service specialist, Pitstop has operations in Bangalore, Delhi, Gurgaon, Mumbai, Pune, Chennai, Hyderabad, and Singapore. The company has raised two rounds of funding worth $2.9 million from Blume Ventures & Goldbell Group. By 2021, the company plans to become a pan-India service provider and hire over 2000 mechanics to support this growth.