Abhinav Shrivastava, co-founder at Hoopy, said, “Tech-enabled operations will be the game changer of this technology starved industry. Hoopy will use this fund in its product development and refinement to further improve customer service and operational efficiencies.”
It is a Two-wheeler Servicing and Maintenance company providing its services to (B2B) Institutions having bike fleet for their businesses. It’s clients are major food delivering QSRs, Bike Rental Companies, Bike Taxi Companies, Bike Re-sellers and Insurance Companies.
Hoopy claims that it is developing ground breaking technologies to reform and revolutionize this Technology starved service industry.
Furthermore, as per the recent study, the automobile service industry is huge and highly unorganized where 70 per cent of the market share is captured by the local garages. While, the two-wheeler service industry in India alone stands at $6 billion, the study added.