In a major step toward transforming India’s auto repair industry, Amicco, a B2B startup streamlining spare parts procurement, has raised $1 million in seed funding. The round was led by Eximius Ventures, with participation from FJ Labs (New York) and other early-stage investors.
Founded in 2024 by Vivek Aalok, Amicco is solving one of the biggest pain points for independent garages—unreliable and fragmented spare parts supply chains. The platform offers a centralized procurement system, real-time availability, price transparency, and faster delivery, helping garages reduce downtime and operate more efficiently.
Aalok, who brings experience from Spinny and J.P. Morgan’s GM IPO team, founded Amicco after firsthand exposure to the operational inefficiencies that plague vehicle maintenance. His goal: empower garages with tech-driven access to quality parts, removing their dependence on inconsistent local suppliers.
“Technology can change the way Indian garages function,” said Aalok. “This funding helps us scale that vision.”
Eximius Ventures’ Preeti N Sampat added, “Amicco is addressing a crucial gap in a multi-billion-dollar sector, and Vivek has the right mix of experience and vision to disrupt it.”