Amicco, a B2B automotive marketplace, has raised $1 million in a seed funding round led by Eximius Ventures, with participation from other investors, including FJ Labs.
The funds raised will be used to expand its network of garages, streamline its procurement platform and sharpen its go-to-market strategies. The company also intends to create a robust technology infrastructure, build a strong team and offer the platform to the garages across Gurgaon and select key cities.
“Addressing the persistent inefficiencies in spare parts sourcing is a clear market need. We understand that the problem statement is quite complex and believe that technology can offer a transformative solution for the on-demand nature of the business. We are excited and humbled by the support of Eximius Ventures and our angel and institutional investors. Preeti and the Eximius team demonstrated exceptional insight and a remarkably swift understanding of our market opportunity,” said Vivek Aalok, Founder, Amicco.
“Amicco’s platform addresses a core gap in the automotive aftermarket by simplifying how garages source spare parts. Vivek’s operational track record on-ground and his deep understanding of the industry’s nuances gives him a clear edge. We believe Amicco will reshape a multi-billion dollar market by consolidating fragmented supply and demand. We’re proud to count them among the first investments from Eximius Fund 2 and look forward to supporting their journey in transforming this sector,” said Preeti N Sampat, Partner at Eximius Ventures.
Founded in 2024 by Vivek Aalok, Amicco helps garages source access parts easily with consistent pricing and better visibility for spare parts, reducing vehicle downtime and improving service delivery.
Amicco connects manufacturers, distributors, and end-users of spare parts, enabling a more efficient, reliable, and cost-effective procurement process. With a strong focus on industrial, automotive, and electronics sectors, It offers an extensive catalog of quality spare parts from trusted suppliers worldwide.
