India's auto supplies startup Koovers raises $1 million in funding

Koovers, an automotive supplies platform based in India has raised $1 million in its new funding round from CanbankVC and two high-net-worth individuals (HNIs).

• The fund will be used to improve its technology, build out its product portfolio, and launch in the premium vehicle after-market space.
• Koovers is an automobile spare supplying firm with a supply service to over 5000 independent aftermarket workshops in India.
• It currently operates in Andhra Pradesh, Telengana, Kerala, and Delhi.