Vadodara-based SpeedForce is a leading chain of two-wheeler multi-brand workshops in the country with more than 300 workshops.
PTI
January 31, 2023 / 12:37 PM IST
Auto tech startup ReadyAssist on Tuesday said it has acquired multi-brand two-wheeler workshop chain SpeedForce for USD 10 million (around Rs 82 crore) in a cash plus stock deal.
Vadodara-based SpeedForce is a leading chain of two-wheeler multi-brand workshops in the country with more than 300 workshops.
With this acquisition, ReadyAssist will become India’s largest chain of multi-brand two-wheeler workshops, the Bengaluru-based company said in a statement.
“ReadyAssist is very successful in operating a pan India roadside assistance and doorstep service to our 8,00,000 subscribed customers. This acquisition will help us extend the reach to our customers in their need for general periodic services and major repairs,” ReadyAssist CEO Vimal Singh SV said.
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