About the Founders
Sainath Deb and Mihir Joshi are young entrepreneurs with a technical background. They have successfully translated their skills into an IT based platform, which is aimed at providing a quality car repair, servicing and washing services to the customers seamlessly.
Since August, 2015, Vehigo has been working on building its brand and services robust for the dynamic market they operate in. They have created a robust B-Plan, are managing cash flow efficiently and effectively analyzing their target customers. Furthermore, they have successfully integrated payment gateways on their platform.
Capital Raised to Date
Rs 12 Lakhs raised as seed funding.
2016-17: Rs 6 Lakhs
2017-18: Rs 13 Lakhs
2018-19: Rs 25 Lakhs
2019-20: Rs 45 Lakhs
They are partnering with many established companies like Housejoy (exclusive car servicing and repair partner), Urban Clap, Glam Studios etc, and getting good referral leads. This is increasing their visibility and credibility. The business has growth potential and can grow towards achieving its set targets. The Startup, for now, is focusing on scaling up and looking to branch out in Kolkata. They have already started business operations in Mumbai and suburbs around Maharashtra. The response from the customers has been overwhelming and in June the revenue shot up by around 250% from previous month and repeat-customers are increasing by the day.
They are looking to reach out to more customers and increase revenue while maintaining the best quality of service. Their target segment is the out of warranty cars segment.
Redesigning the website was also a step towards attracting more customers. It certainly helped as there was a significant increase in customer traction after the website design change.
Key ChallengesTheir problem area lies in marketing and PR. Google AdWords is working well for them, however further marketing their services requires marketing expertise, which is not their strong suit currently.
Their main competitors are Carmojo, GoMechanic, MeriCar etc. One of the competitors has also plagiarised their logo and this is causing a lot of confusion for the customers and a drop in their revenue
Their competition is also skimming prices consistently which is leading to loss of revenue for Car Community, they are facing a challenge with this because they don’t want to reduce the quality of service.