Funding

Aequs Group invests undisclosed amount in SaaS Start-up LetsService.in

Pioneer in establishing Aerospace manufacturing ecosystem in India, Aequs Group has announced taking a first step to expand into the digital space through an investment of an undisclosed amount in Pre-Series A funding in Bengaluru based Automobile Service Logistics and SaaS start-up LetsService.in.

LetsService.in, which operates in five Indian cities, uses its proprietary technology to enable any automobile service centre plug the Pickup and Drop feature, through its suite of products that enhance the convenience of automobile servicing for both the service centre and the customers.

Sachin Vasanth Shenoy, Co-founder and CEO of Let’s Service said, “The investment will be used to strengthen our team, expand into multiple cities and enhance our technology stack. In the coming 6-8 months, we would focus on driving improved optimization and efficiency of service centers, with the support of OEMs, by extensively plugging our solutions at more dealerships across the country.”

Founded in October 2015 by Shenoy, Girish Gangadhar and Sachin Radder, Let’s Service allows bike and scooter owners to get their vehicles serviced at authorised service centres with tech-enabled, on-demand scheduling along with pick-up and/or drop-off facilities. The customer can track his bike through the day with intuitive alerts and notifications. The startup charges a convenience fee of Rs 300-400 from customers based on location. It also gets a referral fee of Rs 100-150 per service from the authorised service centres.

Let’s Service brings the focus back to the customer, envisioning a seamless vehicle ownership experience, through digitally powered solutions (that use Machine Learning algorithms) to reduce wait times and increase efficiency across service networks of the automobile manufacturer.

Furthermore, the startup is building the necessary infrastructure on the ground, across major Indian cities, to facilitate this big transition for automobile manufacturers and their dealership networks. Let’s Service is backed by industry leaders like Dr Ajay Prabhu, COO, QuEST Global, and Deepak Vinchhi, Co-founder and COO of Julia Computing Inc.

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