CTOgram, a Kazakhstan-based automotive startup, has raised US$700,000 in a seed round led by Quest Ventures. Other investors that participated in the round include Most Ventures and Adil Nurgozhin – a former board member of Kazakhstan’s sovereign wealth fund.
Founded by Zhandos Tursumbayev in 2014, CTOgram helps customers buy automotive spare parts and get vehicle services such as maintenance and washing. The startup currently has 180,000 registered users and more than 1,100 partners providing vehicle services on its platform.
CTOgram will use the fresh money to expand across the region and provide more support to vehicle owners. It also has a plan to expand to the USA.