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BeepKart Secures $6.5 Million in Extended Series A Funding to Fuel Growth



BeepKart, a leading player in the used two-wheeler market, has secured Rs 54 crore (approximately $6.5 million) in an extended Series A funding round. This additional investment comes from existing investors Chiratae Ventures, Stellaris Venture Partners, and Vertex Ventures, demonstrating their continued confidence in BeepKart's growth potential.


The fresh funds will be used to fuel BeepKart's expansion plans and solidify its market presence. This news follows a recent partnership with influencer marketing agency Let's Influence, aimed at boosting brand awareness in key cities like Bangalore and Chennai.


Founded by Hemir Doshi and Abhishek Saraf, BeepKart goes beyond a simple online marketplace for used two-wheelers. They offer a comprehensive "full-stack" experience, catering to all aspects of used bike ownership. Unlike traditional classifieds, BeepKart provides customers with a convenient ecosystem that includes:


  • Reliable spare parts

  • After-sales services

  • A wide range of accessories

  • Loan and insurance options facilitated through network partners


BeepKart is currently operational in Bangalore and Chennai, with plans to expand its reach to other Indian cities. This extended funding round will be instrumental in supporting their national expansion ambitions.


 

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