Amicco, a B2B marketplace for auto spare parts, raises $1 million in a seed round

Amicco, a vertical marketplace focused on solving procurement inefficiencies in India's automotive aftermarket, has raised $1 million in a seed funding round led by Eximius Ventures.

The round also saw participation from New York-based FJ Labs and other early-stage investors.

The capital infusion comes as Amicco seeks to scale its presence across independent garages in India—offering a platform designed to eliminate the sourcing challenges that have long hindered the country's auto repair ecosystem.

The startup plans to use the raised funds to expand its garage network, refine its procurement platform, and build a scalable go-to-market engine across select urban centres.

What does Amicco do?

Founded in 2024 by Vivek Aalok, Amicco is entering a sector marked by deep inefficiencies and fragmentation. Independent garages across India often struggle with unreliable supply chains, inconsistent pricing, and limited visibility into spare parts availability.

The startup's B2B platform aims to centralize procurement, improve price transparency, and reduce service downtime for garage operators.

Who is the founder?

Aalok brings years of industry and financial expertise to the company. His earlier experience spans roles on Wall Street—where he worked on high-profile transactions, including the General Motors IPO at J.P. Morgan—and leadership in India's automotive space, having served as Head of Business at used car platform Spinny during its formative years.

That exposure, particularly to the operational bottlenecks in vehicle maintenance and parts sourcing, led him to build a purpose-driven solution for independent service providers.

Leadership comments

“Addressing the persistent inefficiencies in spare parts sourcing is a clear market need,” explained Vivek Aalok, Founder of Amicco.

“We understand that the problem statement is quite complex and believe that technology can offer a transformative solution for the on-demand nature of the business. We are excited and humbled by the support of Eximius Ventures and our angel and institutional investors. Preeti and the Eximius team demonstrated exceptional insight and a remarkably swift understanding of our market opportunity.”

“Amicco’s platform addresses a core gap in the automotive aftermarket by simplifying how garages source spare parts,” said Preeti N Sampat, Partner at Eximius Ventures.

“Vivek’s operational track record on-ground and his deep understanding of the industry’s nuances gives him a clear edge. We believe Amicco will reshape a multi-billion dollar market by consolidating fragmented supply and demand. We’re proud to count them among the first investments from Eximius Fund 2 and look forward to supporting their journey in transforming this sector.”