Garaaz Raises ₹4.55 Crore in Seed Funding Led by GVFL

Automobile spare parts aggregator Garaaz has raised ₹4.55 crore in a seed funding round led by GVFL (Gujarat Venture Finance Limited). The newly raised capital will be utilized to expand operations across new states, bolster local distribution channels and partnerships, empower on-ground teams, and invest in research and development. Additionally, the company will hire key talent across technology, sales, marketing, and operations to fuel its growth.

Garaaz aims to become India’s most trusted and comprehensive digital spare parts ecosystem, seamlessly connecting brands, distributors, and workshops on a transparent and organized platform. The company is also planning to build a scalable customer support system and bring unorganized workshops under its network.

Key areas of investment include:

Enhancing product and platform features through tech development

Building robust backend systems and data infrastructure

Leveraging AI/ML for automation and intelligent decision-making

Streamlining procurement and logistics for improved unit economics

Ensuring last-mile delivery efficiency, data security, and compliance

Mihir Joshi, Managing Director, GVFL, said, “India’s online markets have evolved rapidly, yet the auto spare parts ecosystem remains highly fragmented. Garaaz is solving this challenge by uniting stakeholders—brands, distributors, and workshops—on a transparent and trusted platform.”

Founded in 2019 by Shaleen Agarwal, Garaaz offers a digital platform where multi-brand garages can discover, compare, and order from a catalog of over 8 million parts spanning 25 leading car brands.

Shaleen Agarwal, Founder and CEO of Garaaz, stated, “We’re not just delivering spare parts—we’re powering India’s workshop economy with a tech-driven backbone that promotes trust, transparency, and efficiency. Our mission is to make spare parts accessible, intelligent, and instant.”

India’s automotive aftermarket is expected to grow from $10 billion in 2023 to $14 billion by 2028, offering massive opportunities for companies like Garaaz to digitize and streamline the fragmented spare parts supply chain and workshop ecosystem.