Kazakhstani startup CTOgram has attracted $1,500,000 in investments from Timur Turlov

On June 1, the IT startup CTOgram announced the closure of a new funding round from a well-known Kazakhstani businessman and venture investor, Timur Turlov. The investment amount was $1,500,000, and the startup was valued at $13,500,000.

Zhandos Tursumbayev, founder of CTOgram

The auto parts and repair market is very large, but it is unorganized and disordered. Typically, a car breakdown is an unexpected situation that leads to unplanned expenses, so we are the fastest to find auto repair shops, parts, and components from warehouses, offering installment plans and warranties. We are constantly growing. More and more taxi aggregators, insurance companies, B2C clients, and owners of premium vehicles want to work with us. A year and a half ago, we entered the spare parts segment, bringing together almost all suppliers and offering the widest possible range. However, there is still a significant lack of truly high-quality auto repair services. The market is full of garages with poor customer service or dealerships with very high prices. As a result, there is an acute shortage of a segment offering affordable prices and quality service.

The mobile application of the IT startup helps car owners quickly find auto repair shops and components directly from warehouses. CTOgram's database includes 250,000 car owners, 71 spare parts suppliers, and 2,000 auto repair shops. In terms of the number of auto repair shops, the startup is one of the largest aggregators in the world.

Timur Turlov, businessman, investor

The CTOgram project has huge potential and all the necessary resources to develop such a promising niche as the mid-price segment of auto repair services. The project is backed by a strong team that has already achieved significant results in a relatively short time. Our project CTOgram has several points of synergy that will undoubtedly be beneficial both in terms of practical experience and integration. In particular, we see synergy with our rapidly growing insurance business, which will provide new tools for delivering high-quality service to our clients.

Previously, the company had already attracted two rounds of investment. In 2021, the Singaporean fund Quest Ventures and the Kazakhstani fund Most Ventures invested. Before that, in 2019, domestic private investors backed CTOgram.