Once rejected on Shark Tank India, Hoora secures Rs 5 crore to build a Vehicle 360 company

Hoora, a Nagpur-based “Vehicle 360” startup, said it has raised Rs 5 crore in a seed funding round from a group of strategic investors.

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The startup said it will use the funds to expand into major cities, deploy more than 1,000 Hoora Kits, and accelerate growth across new business verticals including direct-to-consumer products, an accessories marketplace, and insurance services.

Founded in 2019 by Yashwant Budhwani, Harsh Somani, and Khalid Ansari, Hoora began as a car wash provider and has since expanded into a full vehicle ownership platform offering services, products, and insurance. Its asset-light model enables scale while maintaining consistent service standards, the startup said. 

Hoora’s compact, tech-enabled Hardware Kit has been central to its growth, improving efficiency and sustainability in the automotive aftermarket.

The platform has logged more than 20 lakh app downloads, monthly recurring revenue of Rs 3 crore, and annual recurring revenue of Rs 36 crore. Hoora has built a network of over 350 last-mile professionals and said its solutions have saved more than 6 crore liters of water through sustainable car care practices.

“Hoora was founded with a mission to simplify vehicle ownership in India while promoting sustainability and innovation. This fundraise marks a significant step in our journey to make Hoora the go-to platform for every vehicle owner from car care to insurance. Our goal is to empower millions of owners with smarter, greener, and more connected vehicle solutions,” said Yashwant Budhwani, CEO of Hoora.

As it scales, Hoora said it aims to become India’s largest integrated platform for vehicle management, combining clean technology, professional networks, and digital convenience to deliver a more sustainable ownership experience.