STAFF REPORT LHR: AutoGenie which is PlanX (tech accelerator of Punjab Information Technology Board) based startup has successfully captured whoopy $100,000 funding from Pakistan’s most popular vehicles portal PakWheels.com.
AutoGenie is an auto support entryway intended to help individuals in keeping up and repairing their vehicles from the solace of home. Their mechanics make house calls and just deal in genuine parts, taking out the 2 billion dollar misfortune that is generally acquired yearly because of the establishment of fake parts.
This is first funding opportunity by PakWheels since raising financing of 3.5 million dollars a year ago, which was one of the biggest funding venture turning into a Pakistani innovation wander. Esteemed at $1.5 million as of now, AutoGenie has effectively repaired 1500 autos in Lahore alone and it arrangements to grow their administrations to other significant urban areas of Pakistan before the current year’s over.
As per sources of AutoGenie, the amount will be utilized for building up framework and extending operations in the temporary capital, before going into the Karachi and Islamabad Market. Additionally, the significant portion of the funds is supposed to be spent on marketing as uncovered by PlanX.