Amicco, a platform designed to empower independent garages, has successfully raised $1 million in seed funding to modernize India’s automotive aftermarket. The funding round, led by Eximius Ventures, with additional participation from investors like FJ Labs, will enable Amicco to expand its network of garages, optimize its procurement platform, and refine its go-to-market strategies to address the sourcing challenges faced by these garages.
Founded by Vivek Aalok in 2024, Amicco is driven by his extensive experience in the automotive industry. Having worked at J.P. Morgan on the General Motors IPO and later joining Spinny as Head of Business during its early days, Aalok has seen firsthand the inefficiencies in spare parts procurement. This inspired him to create Amicco, a platform aimed at providing a more efficient and transparent sourcing solution for garages.
“Addressing the persistent inefficiencies in spare parts sourcing is a clear market need,” said Vivek Aalok, Founder of Amicco. “We believe that technology can provide a transformative solution for the on-demand nature of the business, and we’re excited about the support from Eximius Ventures and our investors, who have shown remarkable insight into our market opportunity.”
Preeti N Sampat, Partner at Eximius Ventures, commented on the investment, saying, “Amicco addresses a core gap in the automotive aftermarket by simplifying spare parts sourcing for garages. Vivek’s operational expertise and deep understanding of the industry’s challenges position him to lead this transformation. We believe Amicco has the potential to reshape a multi-billion-dollar market, and we’re proud to be part of their journey.”
Amicco’s platform aims to empower independent garages, many of which face challenges such as fragmented supply chains, inconsistent pricing, and poor visibility. The technology reduces downtime, enhances customer satisfaction, and is already gaining traction in Gurgaon. With this funding, the company plans to build a robust technology infrastructure, expand its team, and extend its services to key cities across India.
Amicco, a vertical B2B marketplace, offers a first-of-its-kind platform that simplifies spare parts sourcing for garages. The company is leveraging digital infrastructure to streamline supply chains, accelerate turnaround times, and provide transparent pricing. Initially focused on the NCR region, Amicco is expanding rapidly to help garages across India deliver faster, more reliable service to car owners. Eximius Ventures, a pre-seed fund with a sector-differentiated approach, is excited to back Amicco and support the company’s growth in the automotive sector.
