Friday, September 22, 2023

Pakistani car repair startup OkayKer raises $700,000 in seed funding

OkayKer, Pakistan’s groundbreaking auto repair startup, announced that it has successfully raised $700,000 in seed funding which will enable the startup to expand its operations and establish the first-ever automotive emergency service in the country.

The startup is founded by a team of experienced entrepreneurs, including Nashit Iqbal, Hasnain Akber, Asjad Amin, and Anusha Shahid, who have a proven track record in building and scaling successful startups such as Careem, Daraz, and FindMyAdventure.

Services offered

The company’s platform offers a range of services, including the ability to schedule appointments through their mobile application and access a warranty for the work done. Workshops can utilize OkayKer’s enterprise resource planning (ERP) software, called OkayCore, to record transactions, attract new customers, source spare parts, and access business tools like payment gateways and financial services.

OkayKer aims to provide convenience and peace of mind to car owners who often spend hours at workshops, worrying about being scammed.

Since its inception, OkayKer has already made a significant impact, having fixed over 10,000 cars and onboarded more than 250 vendors to supply 30,000 different SKUs across Karachi. The company has successfully connected a network of 850 workshops with car owners, serving over 7,500 customers and increasing the workshops’ revenue by an impressive 110%.

Expansion plans

Looking to the future, OkayKer has plans to expand its services across Pakistan, starting from Karachi and reaching all the way to Khunjerab. Additionally, the company aims to establish an automotive emergency service through its network of workshops. OkayKer is also actively working on partnerships with lubricant brands and has recently signed an MoU with Mobil to combat the issue of counterfeit products in the market.

Bridging the gap

With a mission to support the numerous workshops and parts retailers run by skilled technicians, OkayKer plans to bridge the gap between these businesses and customers by bringing them into the digital landscape. The company aims to revolutionize the automotive industry in Pakistan by connecting car owners with maintenance workshops through its comprehensive platform.

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