Vehicle maintenance startup “Demyto” has raised undisclosed seed funding from Cybage

Vehicle maintenance startup “Demyto” has raised undisclosed seed funding from Cybage

Demyto is an online marketplace and aggregator of car and bike after sales services, accessories and spare parts

Pune – Sept 30, 2016. RedNewswire/-

Demyto, a Pune-based vehicle maintenance startup, has raised an undisclosed amount of seed funding from Cybage co-founder Deepak Nathani. It is said that Deepak has acquired around 20% stake in the company.

Demyto lets users search, compare, buy car and motorcycle maintenance services through authorized dealers, service stations and garages.  Currently, it works with 110 service stations in Pune and offers both B2B and B2C services.

It has created a technology-enabled interface that could be used to offer services like usage-based insurance where on-board diagnostics would be needed.

Kaustubh Konkar, cofounder of Demyto, said..

“They are currently working with more than 110 service stations in Pune. He further said that the company offers both B2B and B2C services. It works largely with cab companies and tour operators, taking charge of vehicle maintenance for these firms.”

Deepak Nathani, who invested in Demyto, said..

 “Having someone in the middle who can ensure fairness, value and quality is a big thing. I liked that, along with the ecommerce angle with complete transparency built in” 

He would be keen on participating in the subsequent rounds of funding that Demyto would raise in the future, he added.

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