Hoora Raises Rs 5 Crore to Revolutionize Indian Vehicle Ownership
Hoora, a Nagpur-based startup that began as a car wash service, has raised Rs 5 crore in seed funding. The company aims to revolutionise vehicle ownership in India, combining clean technology and digital convenience.
Founded in 2019 by Yashwant Budhwani, Harsh Somani, and Khalid Ansari, Hoora has grown from a simple car wash provider into a comprehensive vehicle ownership platform. The startup has built a network of over 350 professionals and claims to have saved 6 crore litres of water through sustainable car care practices.
Hoora's innovative asset-light model enables consistent service standards while driving growth and sustainability in the automotive aftermarket. The company's platform has logged over 20 lakh app downloads, with monthly recurring revenue of Rs 3 crore and annual recurring revenue of Rs 36 crore. With the recent seed funding, Hoora plans to expand into major cities, deploy over 1,000 Hoora Kits, and diversify into new business verticals such as direct-to-consumer products, an accessories marketplace, and insurance services.
Hoora's mission, as stated by CEO Yashwant Budhwani, is to simplify vehicle ownership in India while promoting sustainability and innovation. With the successful seed funding round, the company is well-positioned to achieve this goal and become India's largest integrated platform for vehicle management.
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