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Written by various collaborators within Team 100X.VC
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Jun 15, 2022
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  • The funding round was led by marquee angel investors, Amey Mashelkar, Jasminder Singh Gulati and Nilesh Patel. 

Mumbai, March 15, 2022

Honc, a Hyderabad-based tech startup has raised $4,00,000 in a pre-seed round, led by Amey Mashelkar (Head of JioGenNext), Jasminder Singh Gulati (Co-founder at NowFloats) and Nilesh Patel (Leadership team, Cisco systems). 

Founded in 2020, honc, with its managed marketplace model has been playing an important role in the car wash industry of India, which is largely unorganized and underserved. The company provides an on-demand, mobile-first doorstep solution that meets the intuitive needs of car owners with a curated selection of trusted and trusted partners. With its Pre-Seed Fund, honc thinks to upgrade its tech stack to scale across gated communities and business parks using location intelligence and user review systems. 

“While car wash in India has an annual spend of $12 billion, it’s still in the early stages of its digital transformation. The fund infusion is a testament to investor’s confidence in the rising demand for a doorstep solution. In the last year, we were able to add over 200 partners to our network. We carry out 4,000 car washes per day in Hyderabad alone. We aim to make the traditional car wash industry efficient, environmentally friendly, and a customer-centric one”, said Niranjan Seelam, Co-founder & CEO of honc.

Mr. Ninad Karpe, Partner at 100X.VC,

added “We all struggle to keep our cars clean every day. The existing options are broken, leaving car owners dissatisfied with bitter experiences. With its tech-first approach, honc made it efficient and simplified the whole process of keeping our cars clean. Car wash being the everyday touchpoint in the car owner’s mind, we believe honc is well poised to play a bigger role in scaling to other services as well.”

The tech marketplace startup had raised a cheque from 100X.VC as part of the Fund’s Class 06 Portfolio.


 

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