your password has been reset successfully, Please login again.

FirstU Raises an Undisclosed Amount of Money in Seed Funding Round

Subscription-based vehicle maintenance platform, FirstU has reportedly raised an undisclosed sum of money in a seed funding round.
BY BEx Bureau
Nov 27, 2019

Subscription-based vehicle maintenance platform, FirstU has reportedly raised an undisclosed sum of money in a seed funding round. A cohort of investment firms, encompassing First Cheque and India Quotient participated in the startups funding round.

Other investors that participated in the seed round include Farooq Adam, co-founder of online fashion shopping platform Fynd, and other angel investors, VC Circle reported citing the companys official statement.

Autozo Technologies Pvt. Ltd, which runs FirstU, will use the capital to hire staff as well as strengthen its product offering, the company said in its official statement.

The startup would address all the needs and concerns of a car owner through its single-window subscription, Co-founder and CEO of FirstU, Muhammed Rizwan said in an interview with VC Circle.

The relationship between vehicle and owner is still filled with hassles, unaffordability and lacks transparency, Rizwan said.

The firm was confident in its investment because of FirstUs transparency and consumer-focused approach on quality and affordability, India Quotient partner Madhukar Sinha said in an interview with the cited media agency.

Please add your Comment
April 22, 2020
In unfavourable conditions, Indian companies are taking panicked decisions and opting for bridge rou ...More
By Jaspreet Kaur
April 04, 2020
Aavishkaar has wholly exited from Sara Plast, which is a portable sanitation services company ...More
By Jaspreet Kaur
March 10, 2020
The startup essentially concentrates on hosting online events; its funding round was led by Accel In ...More
By Jaspreet Kaur
March 07, 2020
Singularity Automation is concentrated on firms working in the shared accommodation industry to hand ...More
By Jaspreet Kaur
February 28, 2020
MinionLabs essentially gives real-time understanding of energy consumption in electric appliances ...More
By Jaspreet Kaur
February 28, 2020
ONGC and HPCL are acquiring a new share for INR 371 crore, which they did not own previously ...More
By Jaspreet Kaur
February 18, 2020
JSW Energy has got into a share procurement concord with GMR Energy Ltd to buy 100 per cent share in ...More
By Jaspreet Kaur
February 17, 2020
The Bengaluru-based company, NestAway Technologies Pvt. Ltd has bought apartment management and sec ...More
By Jaspreet Kaur
February 01, 2020
As per the agreement, Indiabulls will offer its share to t Embassy's stakeholders considering a swap ...More
By Jaspreet Kaur
January 27, 2020
As per the concord, the Germany-based company will buy nearly 99 per cent of the equity share capita ...More
By Jaspreet Kaur
January 25, 2020
The Noida-based payment solutions firm, Pine Labs Pvt. Ltd has secured undisclosed funding from the ...More
By Jaspreet Kaur
January 24, 2020
Jaipuria Group-backed PepsiCo bottler has lately invested INR 10 crore in pre-Series A funding round ...More
By Jaspreet Kaur