Tag: used cars
Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2
Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth. About 90% of vehicles sold through Carro are secondhand,…
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Prosus classifieds group OLX shuts down Berlin’s Frontier Car Group to focus OLX Autos on LatAm and Asia
Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but it’s the end of the line for another big European name in used-car sales. TechCrunch has learned and confirmed that Berlin-based Frontier Car Group, which builds used-car marketplaces…
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UK’s Cazoo will list on the NYSE by way of a SPAC, valuing it at $7B and raising $1.6B
Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will list on the NYSE by way of a business combination with AJAX…
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Carvana made buying a car painless during pandemic hell
A few weeks ago, my wife, one-year old daughter and and I made the hellish move from Brooklyn to a cozy Atlanta suburb amid the global pandemic. Our way of life changed in an instant. After being car-free in New York City for the past 10 years, we ne… Source
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