myTVS operates a digital end-to-end platform that brings together consumers, retailers, service garages and fleet operators, offering services and parts through owned outlets, franchise network, home services and roadside assistance. The company says it serves 3 million customers, 20,000 service garages and 10,000 retailers and fleets across 270 cities. myTVS focuses on an online-to-offline (O2O) business model to deliver standardised, cost-effective services to B2B and B2C customers. The firm plans to use new funds to scale its O2O model, expand its network, and invest in technology to enhance its services and spares platform. Proceeds will also be used for debt repayment including acquisition financing, brand building, and international growth. Management highlights the platform’s role in bringing structure to a fragmented aftermarket and in empowering livelihood entrepreneurs with technology.

Total raised

$84M

Funding rounds

1

Latest round

Series C

Latest activity

Dec 2022