Bollywood Star Suniel Shetty has been lately in the news for a series of investments in Tech-startups. In what could be a continuation of the Investment spree, Suniel Shetty is rumoured to have picked a minority stake in Pandit Rathod co-founded Street Smart - An Auto-Tech venture. Coming closely on the heels of Investment in an Ed-Tech venture, Suniel Shetty is an accomplished serial entrepreneur with Tech ventures like Fittr, Beardo and SEMSI an Ed-Tech venture added to his portfolio with stake purchases.
Pandit Rathod, the co-founder of Street Smart is a known name in the Indian real estate space with the Mahaland Properties and a range of diverse startups in Auto space. Street Smart marks his first foray into the Auto-Tech space and likely a venture which may evince interest of an astute investor like Suniel Shetty. Street Smart is a unique tech venture which digitally connects automobile after-sales services and brings it within the fingertips of the end-customers.
The Automobile after-sales service is a lucrative industry where asymmetry in information about availability combined with a lack of standardisation of prices works to the disadvantage of the end customers. Street Smart platform will bring under its fold Authorised dealers, Garage Owners and End-consumers to be the complete ecosystem for after-sales services across the country. The vehicle owners, the Transportation companies as well as cab owners are set to form the bulk of the end- customers and an app by the name of Street Smart is set to be launched on 15th August 2020.
The app will not only provide real-time discovery of street smart stations but also provide service- based searches while ensuring transparency and uniformity in prices charged to customers. The app is expecting a 2 million app downloads within a few months of launch.
Co-founder Pandit Rathod speaking on the reports was tight-lipped about the rumoured
development without confirming or denying the possibility. He stated Street Smart is the next big thing in the aggregator space which will simplify the After-sales space in Auto by providing real- time information and uniformity of services. We would disclose the details of the stake sale if any at an appropriate time.