Autotech startup Odiggo raises $2.2 million in Seed round

Autotech startup Odiggo raises $2.2 million in Seed round

Dubai-based auto-tech app Odiggo has raised $2.2 million in a Seed round, from Y Combinator, 500 Startups and PlugAndPlay. 

Founded in December 2019 by Ahmed Omar and Ahmed Nasser, Odiggo provides car owners with affordable automotive parts and services through a one-stop-shop that links them to dealerships.

Odiggo provides services to over 45,000 users across three markets and works directly with over 300 merchants to offer users a seamless experience. It claims to have a 40 per cent month-on-month consistent growth and 200 per cent user base increase since the start of the pandemic.

Odiggo will use the newly acquired investment to expand its team and enhance its growth in the region, especially in the UAE, Saudi Arabia and Egypt.

“We are on our way to IPO by 2024 with #BillionBookings as our next achievable goal. We are building an ecosystem for all car owners, suppliers and mechanics. We aim to be the first $100 billion company coming out of the region,” said co-founder Ahmed Nasser. 

Press release:

Dubai-based auto-tech app Odiggo are drawing record level funding as they secure their latest investment round with three of the world's top seed-stage VCs; Y Combinator, 500 Startups and PlugAndPlay. 

After launching