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UAE startup MySyara announces acquisition worth $2.6m to fuel expansion plans

MySyara acquires major parts distributor to integrate supply chain within its operations and enhance customer experiences

Additional $400,000 injected to support MySyara’s expansion domestically and internationally

Dubai, UAE, 11 August 2021: MySyara, a UAE based automotive start-up, has acquired a major auto parts distributor in the UAE for $2.6M. With the integration of supply chain within its business operations, the start-up has launched ‘MySyara Supply’ which aims to deliver seamless customer experiences.

MySyara also secured an additional $400,000 from its existing investor pool to further develop its service offerings as it continues expanding its operations in the region and internationally.

Launched in 2019, the start-up offers the region’s first car maintenance app, providing a one-stop-shop for complete car care solutions. MySyara has received $1.1M in funding to date and has recorded 600 per cent year-on-year revenue growth.

Chirenj Chandran, Chief Executive Officer, MySyara, said: “The auto care industry is deeply fragmented. A garage, on average, deals with 20-26 suppliers to source automotive parts. This traditional supply chain process can increase turnaround time for garages which results in delayed deliveries to customers. Through MySyara Supply, we have access to a wide range of auto parts sourced from local and international manufacturers. Therefore, we can identify and receive auto parts much faster, which enables our vendors to provide a more seamless experience to our end user.”

Currently, MySyara is present in the UAE and India. As the start-up eyes expansion, customers in Abu Dhabi, Sharjah, Ajman and Dubai can avail services including doorstep steam wash, full car service and car repair through the MySyara mobile application.

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About MySyara

Launched in 2019, the MySyara app - available on iOS and Android - offers complete car care solutions, allowing users to schedule an appointment for car maintenance services, including but not limited to doorstep car wash, oil change, car servicing, detailing and car repairs, from the comfort of their home. MySyara offers a range of benefits including free pick-up and drop service, 6-months warranty, as well as roadside assistance.

Website: https://www.mysyara.com/
Instagram: https://www.instagram.com/mysyara.app
For media queries: pr@mysyara.com

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