Amicco Secures $1 Million Seed Funding for Auto Spare Parts Marketplace

Amicco, a prominent B2B marketplace dedicated to auto spare parts, has successfully obtained $1 million in its initial funding round, spearheaded by Eximius Ventures, alongside contributions from FJ Labs and other investors. This investment will facilitate the extension of its network of independent garages, enhance its technological platform, and bolster its marketing strategies.

Established in 2024 by Vivek Aalok, Amicco is designed to enable garages to obtain spare parts more efficiently, featuring competitive prices and expedited delivery. Vivek, who has an extensive background on Wall Street and experience at Spinny, founded Amicco after recognizing the stark inefficiencies prevalent in the auto aftermarket.

Currently operational in Gurugram, Amicco aims to broaden its reach to more cities throughout India. The platform’s technology is centred around minimising downtime, enhancing customer service, and introducing greater transparency into a notoriously fragmented market.

Eximius Ventures, which led this funding round, is a venture fund focused on pre-seed stage investments, well-regarded for supporting nascent startups in sectors such as fintech, SaaS, healthtech, gaming, and online media. Its portfolio includes several notable companies like Jar, STAN, Skydo, and Eka.care.