MySyara acquires SKKYN Technologies for $2.8M
Dubai, UAE – December 18, 2019: MySyara – UAE’s leading online automotive service provider – has announced the purchase of SKKYN Technologies for $2.8M an on-demand car wash app that provides eco-friendly and convenient car wash services available at your preferred location.
MySyara launched earlier this year on iOS and Android – operates on a convenience model to help improve the ease of car ownership where the delivery mode of services is either to your doorstep, or available as a pick and drop service.
Anser Latheef, CSO of MySyara, said: “Acquiring SKKYN adds immense synergy for us for a number of reasons. The SKKYN team has perfected the on-demand car wash model in terms of easy to use customer booking app, quality car wash equipment and incorporating ergonomic motorcycle designs.”
The acquisition of SKKYN adds to the existing portfolio of MySyara’s services enabling customers to access a myriad of automotive services – including car washes – at their home, offices or to any preferred location, at just one click.
“We are excited to join the team of MySyara and to use the entire ecosystem to create a more holistic car ownership experience for our valued customer base.” said Renjith Krishna, CEO of SKKYN”.
“It’s very important for a growing company like MySyara to make the right decisions and acquisitions at the right time, SKKYN being the first one and many more to follow” said Prabhav Sharma, Board Member of MySyara.
Prabhav Sharma is a Director at Pulsar Capital, Private Equity Fund focused on investments in India, South Asia and Middle East. Mr. Sharma is also on the Board of Ambrosia Foods, F&B focused investment arm of Pulsar Capital. Alongside, Mr. Sharma is on the advisory board of 14 companies based out the UAE.
About MySyara
The Middle East’s first car maintenance app MySyara launched its interactive platform in partnership with Shell Lubricants, providing users with complete car care solutions at the touch of a button.
Disrupting the auto-care industry, MySyara is the first smart phone application – available on iOS and android – that provides 360 car-care solutions including battery change, car wash, tyre change, brake services and other car services.
Additionally, if the user is unaware of his/her vehicle issue, he/she can opt for a mobile diagnostics van that is equipped with the technology to identify the problem.
Learn more at www.mysyara.com
About SKKYN
Skkyn is an on-demand car wash solution. Customers can book a wash by tagging their car’s location and a team of washers reach them within 30 minutes.
Covering all location within Dubai allowing customers to avoid the hassle of long queues at their existing car wash centres. Skkyn uses environment friendly water less car wash systems to get your car gleaming.
Learn more at www.skkyn.com
