Pune March 22 2019: SparesHub, is  an automobile parts start-up headquartered in Pune.  The company works with India’s leading car companies and part manufacturers to make OEM and OES parts available to its customers (multi-brand service centres, service aggregators, fleet owners and insurance companies).
Founded by Tapas P. Gupta and Arijit A. Chakraborty, the SparesHub team currently comprises 27 employees. It solves the problem of the unavailability of, and over-expensive, automobile parts which result in a significant loss of time, money, and efforts for car owners in India. Since its inception, SparesHub has been working to disintermediate and digitize the automobile parts industry in India. To this end, it is introducing modern supply chain and logistics methodologies in the industry, and caters to B2B customers.
Says CEO Tapas Gupta:  “Our mission is to create a whole new level of customer delight by leveraging technology. SparesHub is challenging the traditional methodologies and bringing in global best practices in the automobile parts supply chain and logistics domain."
This week Indian Angel Network, Asia’s largest network of Angel investors, has invested Rs. 3.5 crore in SparesHub. The company will utilise the funds for its geographical expansion and to strengthen its technology capabilities. Existing investor Holomua Group Inc, also participated in the investment round.
Says Padmaja Ruparel, President and Co-founder of Indian Angel Network:“The decision to invest in SparesHub was taken after a careful assessment of the business, the team’s vision, and its strategy to achieve the same. The company has the makings of a modern tech-based venture, with a unique business model, a strong technological framework, a product that fills a major gap in the market, and of course, a strong team. We are confident that the team will continue to enhance its product and build its USP, and emerge as one of the leading players in its domain.”