Krik.bg
Second-hand auto parts at low prices.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €140k Valuation: €735k | Seed | |
| Total Funding | 000k | ||
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Krik.bg operates as an online marketplace specializing in the distribution of second-hand automotive parts. Founded in 2022 by Viktor Viktorov, Vasil Georgiev, and G. Tsonev, the Pleven-based company has established a significant digital presence in the Bulgarian automotive aftermarket sector. The platform was developed to address common issues in the auto parts market, such as high prices, limited availability, and a lack of transparency.
The business functions as a comprehensive e-commerce platform that connects auto salvage yards, both domestic and international, with a diverse client base. This includes B2B clients like repair shops, insurance companies, and car dealerships, as well as individual B2C customers. Krik.bg's business model centers on providing a vast, centralized inventory of used parts, which allows customers to compare prices and find affordable components, thereby reducing waste through the recycling of used parts. Revenue is generated through the sale of these parts via its online portal.
The company's core service is its extensive online catalog, which boasts over 14 million used auto parts for a wide spectrum of vehicle brands and models. Key product categories include engines, transmissions, and electronics. The platform aims to offer cost-effective solutions, with a stated goal of reducing customer expenses on auto parts by 7% to 30%. To enhance its offering, Krik.bg facilitates weekly deliveries from a network of Bulgarian and Polish salvage yards. A significant milestone was achieved in March and April 2024, when Krik.bg secured approximately €350,000 in funding from investors including Sofia Angels Ventures and Vitosha Venture Partners. This capital infusion is earmarked for international expansion into markets such as Romania, Greece, Germany, and the Czech Republic.
Keywords: used auto parts, second-hand car parts, automotive aftermarket, e-commerce, Bulgarian startup, auto salvage, vehicle components, recycled auto parts, car repair, online parts marketplace, Pleven, B2B auto parts, B2C car parts, Vitosha Venture Partners, Sofia Angels Ventures, automotive parts distribution, circular economy, spare parts, vehicle maintenance, online car components