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21 Apr 2019, Edition - 1377, Sunday

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Pitstop Reports 350% Growth in Revenue

Covai Post Network

Pitstop, India’s first independent doorstep car service & repairs provider today announced that the company has achieved 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

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.

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."

Pitstop is your one-stop solution to maintain the healthy life of your car. Founded in 2015, Pitstop aims to provide quality, economical and convenient car general service through their doorstep service vehicles. Currently operating in six cities, the company has partnered with over 150+ workshops across Bengaluru, Delhi-NCR, Hyderabad, Mumbai, Chennai, and Pune, offering car-related services including regular service, mechanical and electrical repair, body repair and doorstep inspection. It also partners with fleets and leasing firms across, including top ride-sharing companies, where it uses its proprietary SaaS-based Fleet Information System that provides a one-stop real-time view of service repairs, thereby providing affordable, convenient, and transparent vehicle maintenance and fleet management services.

 
 
Source: Newsvior

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