Amicco, a vertical marketplace streamlining spare parts sourcing for independent garages, has raised $1 million in seed funding led by Eximius Ventures. The round also saw participation from FJ Labs and other investors.

Founded in 2024 by Vivek Aalok, Amicco aims to solve sourcing inefficiencies in India’s automotive aftermarket by offering a tech-driven, on-demand procurement platform. The fresh capital will be used to scale the garage network, enhance tech infrastructure, and expand into key cities beyond its initial Gurgaon base.

"Addressing the persistent inefficiencies in spare parts sourcing is a clear market need," explained Vivek Aalok, Founder, Amicco. "We understand that the problem statement is quite complex and believe that technology can offer a transformative solution for the on-demand nature of the business. We are excited and humbled by the support of Eximius Ventures and our angel and institutional investors. Preeti and the Eximius team demonstrated exceptional insight and a remarkably swift understanding of our market opportunity.”

"Amicco’s platform addresses a core gap in the automotive aftermarket by simplifying how garages source spare parts," said Preeti N Sampat, Partner at Eximius Ventures. "Vivek’s operational track record on-ground and his deep understanding of the industry’s nuances gives him a clear edge. We believe Amicco will reshape a multi-billion dollar market by consolidating fragmented supply and demand. We’re proud to count them among the first investments from Eximius Fund 2 and look forward to supporting their journey in transforming this sector."

Amicco’s platform enables garages to overcome challenges like fragmented supply chains, erratic pricing, and inventory delays, ultimately reducing customer downtime and enhancing satisfaction.