Investment Memo: Amicco

Date: 9th November, 2024

Stage: Seed

About the company: Streamline the supply chain of spares parts in automative industry

Why I invested in the company:

• Solid founder with strong founder market fit
  • IIT Kanpur, INSEAD, CFA
  • JP Morgan - Equity Research, Automotive (4 years)
  • Spinny - Head of Business (5 years)
• Real supply chain problem
  • Availability - Spares are not available
  • Efficiency - Take too long
  • Transparency - Problem of duplicacy
• Big TAM
  • The Indian automotive aftermarket, valued at over $31.5 billion
  • Lacks organized spare parts players despite high demand.
• Getting in early
  • 1st round of capital
  • Good co-investors