- CarTrade Acquires Automobile Valuation Platform Adroit Inspection Mumbai-based online automobile classifieds platform, CarTrade’s parent company MXC Solutions, has acquired vehicle inspection and valuation venture Adroit Inspection in an all-cash deal. As per an ET report, the acquisition was completed three months ago right after CarTrade raised $55 Mn in a fresh round of funding led by Singapore-based Temasek, and a US-based family […]
- Droom Forays Into New Automobile Trade, Launches Initiatives To Lure Users During Festive Season Gurugram-based online automobile transactional marketplace, Droom has announced its foray into the new vehicles’ segment. Founded in 2014 by former Shopclues CEO, Sandeep Aggarwal along with Rishab Malik, Droom allowed users to buy and sell used automobiles. It is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and desktop. Sandeep Aggarwal, […]
- Naspers Brings Used Car Marketplace Stradia To India With OLX South African internet major Naspers has launched Stradia.in, an online used car marketplace in India. Users can search for an option by brand, model, price, year, mileage and fuel type across all segments. The move will further strengthen OLX’s position against its arch-nemesis Quikr. In August 2015, Quikr launched QuikrCars, its vertical with a focus on […]
- Droom Partners With Carnation To Launch ‘Eco’ An Auto Inspection App For Second-Hand Vehicles Gurgaon-based online automobile marketplace, Droom, has launched an auto inspection app Eco. The app was launched in association with Carnation Auto and is aimed at improving the transparency and authenticity of automobile checks, and thereby increasing buyer’s confidence before buying a used car. Droom was founded in 2014 by former Shopclues CEO Sandeep Aggarwal. It […]
- How Entry Of Online Players Is Boosting Car Dealership Segment In India The market for pre-owned cars in India has seen a sudden surge in popularity buoyed by factors like greater customer acceptance, the desire to upgrade to high-end models and the fact that the car dealership sector is undergoing a sea change. From being a largely unorganised space, this segment is now becoming more and more […]
- Car-Trading Startup, Truebil, Raises $5 Mn From Kalaari Capital and Others Mumbai-based peer-to-peer car sales startup, Truebil, has raised about $5 Mn (INR 35 Cr.) in series A round of funding from Kalaari Capital, Inventus Capital and San Francisco-based Tekton Ventures. Existing investor Kae Capital also participated in this round. Truebil will use the newly raised capital to scale up its operations to four cities including […]
- Spinny Is Giving A New Spin To The Used Car Market In India For a long time, buyers have shied away from the used car domain in India while in the west, for every new car sale, 3 used cars are being sold. However, with the searches for used cars getting doubled from last year, it seems that the scenario is changing now. In June, more than one […]
- The Cost Of Uber Vs Car Ownership In India Based on my tweet earlier, I got a lot of feedback on this topic. My rough calculation concluded that it was much cheaper to use Uber/Ola than owning a car. To corroborate, I decided to polish my rough excel and create a self help version for anyone to play with various scenarios in case Uber/Ola […]