Koovers
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Koovers - overview
Established
2016
Location
Bangalore, Karnataka, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
KRSV Innovative Auto Solutions, based in India, specializes in providing advanced technology solutions designed to enhance operational efficiency across various industries, notably in e-commerce, logistics, and supply chain management. Founded in 2016 and headquartered in Bangalore, India, KRSV Innovative Auto Solutions focuses on innovative technology solutions for operational efficiency. The company has engaged in 4 significant deals, with the most recent deal being a Trade Sale on August 28, 2023, where Schaeffler AG fully acquired KRSV for INR 1. 42 billion.
Sandeep Begur, the CEO and co-founder, has been instrumental in shaping the company's vision and direction. KRSV offers a diverse range of products designed to meet various industry needs, emphasizing functionality and user-centric design. The company specializes in innovative solutions that enhance operational efficiency, addressing specific challenges faced by its clients. Key offerings include advanced technology platforms and services aimed at streamlining processes and improving productivity for businesses across sectors such as e-commerce, logistics, and supply chain management.
These products cater to a broad client base, including small to medium-sized enterprises and larger corporations in markets such as Southeast Asia, the Middle East, and parts of Europe. In the most recent fiscal year of 2023, KRSV generated revenue amounting to INR 9,686,697. 60, with an EBITDA of INR -1,063,197. 70.
The structured revenue model includes B2B partnerships and direct-to-consumer sales, engaging clients through subscription-based services to foster long-term relationships. Following the acquisition by Schaeffler AG, KRSV plans to leverage the funding to expand its product line and enter new markets. Upcoming innovations are currently being designed, with releases aimed at enhancing existing technology solutions. The company targets expansion into Southeast Asia and the Middle East by the end of 2024, using recent funding to support these initiatives.
Current Investors
Inflection Point Ventures, Venture Catalysts, JPIN Venture Catalysts
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, Internet
Website
www.www.koovers.in
Verticals
E-commerce, Manufacturing, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Koovers - timeline of key events
Koovers - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 638,133 | 27,828,313 | 32,969,688 | 43,408,334 | 92,121,104 | 174,854,476 | - | - | - |
| % Revenue Growth (YoY) | - | 4260.9% | 18.5% | 31.7% | 112.2% | 89.8% | - | - | - |
| EBITDA (USD) | (3,484,185) | (8,076,520) | (9,276,473) | (8,905,680) | (9,594,016) | (21,874,940) | - | - | - |
| Operating Income (USD) | (3,793,549) | (9,698,592) | (11,931,720) | (12,309,517) | (13,244,284) | (25,189,673) | - | - | - |
| Operating Margin | (594.5%) | (34.9%) | (36.2%) | (28.4%) | (14.4%) | (14.4%) | - | - | - |
| % EBITDA Margin | (546.0%) | (29.0%) | (28.1%) | (20.5%) | (10.4%) | (12.5%) | - | - | - |
| NET Income (USD) | (3,848,564) | (9,796,273) | (12,184,081) | (12,566,061) | (13,406,050) | (25,307,680) | - | - | - |
| % Net Margin | (603.1%) | (35.2%) | (37.0%) | (28.9%) | (14.6%) | (14.5%) | - | - | - |
Koovers - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.