Europ Assistance Buys Stake In ONB Technologies To Cater Indian Vehicle Servicing Industry

Paris-headquartered Europ Assistance Holding has picked up a significant minority stake in Singapore-based vehicle servicing start up ONB Technologies, which operates under the brand name 21North in India and caters to automakers in 15 cities in the country.

The acquisition is aimed to cater to multi billion dollars global vehicle servicing market and India is a key focused market for Europ Assistance.

The 21North platform offers a mobile application and an online platform that delivers a car or bike service experience at the tap of a button, giving information on pickup and drop, live tracking, online billing and constant