MUMBAI: Doorstep car service provider Pitstop has raised $2.5 million (around Rs 18 crore) in Series A funding round led by TPG backed-Group Landmark.

The funds will be utilised for expanding services network to 15 more cities by this year, the company said in a release.Besides, Pitstop is planning to onboard over 1,000 garages and more than 1,500 service vans by 2021, the release added.

At present, Pitstop caters to over 1 lakh customers in Bengaluru, Delhi, Pune, Hyderabad, Chennai, Noida, Gurgugram and Faridabad.

The company received funding worth $2.9 million from Blume Ventures Goldbell Group of Singapore last year.

Pitstop aims to create a pan India network of large format garages that offer a one-stop solution for car ownership and maintenance needs and is well in line for its next round of $15 million funding with the way things are moving and going ahead, the release said. | To read full story, visit https://startuparound.com/read/1584345606.7235482/Car-service-provider-Pitstop-raises-$2.5-million?ref=audio_experience