SaaS providing startup Autobix has raised an undisclosed amount of Seed Funding from UK-based auto parts manufacturer GardX International Ltd. Following the funding round, the investor gets 25% stakes of the startup.
The startup’s operations are running under BNT Autosoft Pvt. Ltd, Startup was founded in November 2016 by former McKinsey analyst Adhikar Babu, IIT-Roorkee alumnus Pranav Anand and Talwar, who is a managing director at parent company BNT Talbros Group.
Autobix comprises of human assets with extensive and valuable years of experience amongst them in the automotive trade and our product is managed by people from reputed academic institutes like IITs/NSIT. The startup provides services like Workshop Management, Lead Management, Order Booking Management, and MIS & Analytics.
Commenting on his startup, Karan Talwar, CEO of Autobix: “The association with GardX International is going to help us take our product globally by bundling it with their other products. Also, the products that can go hand-in-hand with ours. We can combine the synergies and expand in India using their product and network.”
Recently, other SaaS startup like SquadRun by a clutch of angle investors and Whatfix got funding from Stellaris Ventures.
According to a research company Gartner, the geographic segment contributed to more than half of the total SaaS market share in 2016. The SaaS region is expected to register the fastest adoption of SaaS at an annual growth rate of 32.1% from 2015 to 2022. Read more about Indian Startup Ecosystem.