News and Announcement

GRAND START UP SUCCESS registered at CENTIN

Tuesday, September 29, 2015


The startup, Auto Genie (autogenie.pk), is Pakistan’s 1st Virtual Auto Maintenance Portal. The people behind the successful endeavor, Hamza Abbas Bakhsh, Arsam Naveed, Ahsan Rafique and Uzair Ismail are UMT students Batch 48 BBA, SBE and they first met 2 years back. It all started off with a vague idea which later turned out to be a validated business model. AUTOGENIE got incubated first at CENTIN in December, 2014.It took them 3 months to prepare a robust business model. They participated from the platform of CENTIN in the LUMS Entrepreneurial Challenge and got inducted into the second batch of LUMS Center for Entrepreneurship. In a fourth months business incubation program, the team submitted some notable achievements which were acknowledged by many blogs, forums, organizations and other mediums including ProPakistani,Tech Juice, Tribune, TechinAsia, LCE and more.

They brought an idea of online workshop concept. How many times have we missed the date to change our car oil? How many times have we skipped car-wash because we were too busy with our work? How many times have we ignored maintenance of our car because we were being too lazy? Whether you are a university going student or a working individual, you would agree your poor car has often been a victim of your sheer laziness, right? Fret not. Auto Genie takes care of everything that relates your car. It’s as simple as ordering a T-shirt which is delivered to your doorstep and you opt Cash on Delivery. Your car’s maintenance is now just a few clicks away!
Currently, the company is being accelerated at PlanX, among the fortunate startups that got shortlisted. In the span of eight months, AutoGenie.pk has managed to develop a customer base of more than a thousand cars in Lahore alone. In the recent months, AutoGenie.pk received a number of offers which include:
•    An exclusive partnership (carmudi.pk- a venture of Rocket Internet Germany);
•    A merger; (PakWheels.com – Pakistan’s largest car portal who recently secured an investment of 3.5M dollars)
•    An acquisition (CEO PakWheels.com)
•    And an investment (Ali Mukhtar, Director Fatima Group/ Fatima Fertilizers)

However, the team picked a deal with PakWheels.com, the largest car portal in Pakistan. The deal includes a partnership, non-compete agreement and a money component of worth 1 crore Pakistani rupees. It was concluded as a pre-seed investment, with a pre-money valuation of 4 crore Pakistani Rupees and an expected growth of approx. 150% growth by the next year.
Recent Achievements:
-Listed in top 100 Hundred Startups in Pakistan, showcased at the Startup Expo held in Islamabad.

-Listed in Top 100 Hundred Startups from 40 countries, will be exhibiting and pitching at Startup Istanbul conference in Istanbul on October 1 – October 
-Top 20 startups that are performing well after the incubation phase.
-PITB sponsorship and office space at Arfa Software Technology Park (ASTP)
-5 Media Mentions including the big three blogs in Pakistan (Tribune, TechJuice, TechinAsia, Pro Pakistani)
-Shortlisted for ITCN Expo, Karachi.
-Raised investment from PakWheels.com
We wish Mr. Hamza and his team all the very best.

© Copyright UMT, 2015. All Rights reserved.

Back to Top Website Credits: OCM-UMT