Buying used vehicles and other products is no more a reason to be looked down upon. With the advent of various online portals for used vehicles, electronic gadgets, the sector has started witnessing large amount of customer attraction.\r\n\r\nThe market that was said to be dominated by the two giants Olx and Quikr, has now started witnessing new players that are targeting a particularly category. And thus posing a great competition to the above mentioned companies in their particular area.\r\n\r\nUsed vehicles, which is said to be the most popular category in this segment has witnessed a number of startups that have emerged in the past few months.\r\n\r\nIf we go by numbers, according to a recent study done by Google India and Mahindra First Choice Wheels Ltd online searches for used cars alone has seen an increase of 20 times in the last six years, which indicates a compounded annual growth rate of 54%.\r\n\r\nThe annual used-car demand in the Indian market is around 1.4 Mn cars. Tapping this market, players like Carwale, Mahindrafirstchoice, Catrade among others have been trying to dominate the market in the used car sale segment. \r\n\r\nA three month old Mumbai-based startup, Truebil is yet another startup trying its luck in the pre-owned good segment with a focus on cars. The startup has very recently grabbed $500K in its first round of funding led by Kae Capital and angel investor Anupam Mittal, Founder and CEO of People Group.\r\n\r\n\u201cThe time has come for solving consumer problems end-to-end and that\u2019s what Truebil does. From verification to the actual car sale, Truebil does everything and guarantees that the car will be sold,\u201d tells Anupam Mittal.\r\n\r\nFounded in March 2015 by a team of seven entrepreneurs Suraj Kalwani (CEO), Ravi Chirania, Shubh Bansal, Rakesh Raman , Ritesh Pandey, Shanu Vivek \u00a0and Himanshu Singhal, Truebil provides a one stop solution for buying and selling of used automobiles by offering free inspection and valuation, quick sell guarantee, free vehicle buying consulting, smooth paper transfer, loan assistance and insurance support.\r\n\r\nPrior to Truebil, the founders had stints at startups like Housing, Fab and Fusion Charts.\r\n\r\nShubh Bansal said that in his own experience, it took him around one month of hustling to finalise a used-car deal but today with Truebil, he claims to have finalised deals in about 7 days for his customers.\r\nSome Numbers\r\n\r\n\tThe startup is witnessing a 15% growth every week\r\n\tMore than 1000 verified cars registered on its platform\r\n\tDid INR 3.12 Cr. GMV\r\n\tSold more than 156 cars till date\r\n\r\nCommenting on the funds raised, Shubh Bansal, Co-Founder & Chief of Marketing & Growth, Truebil said, \u201cThe fundamental problems in buying a pre-owned car are the delayed processes and the hassle. With Truebil\u2019s unique model, we are confident of bringing about a revolution in the used car market in the country and making the buying process a gratifying experience for the consumers. We have received encouraging response from the users since the website\u2019s launch in Mumbai.\u201d\r\n\r\nThe startup plans to use the fresh funding for innovating on the products side to give them a seamless experience. It has marked its pan-Mumbai presence, with a team of 50 individuals and in-house auto engineers.\r\n\r\nOnline selling of old goods has increased by more than three times last year and a recent study shows that the total value of used goods stocked in urban India is worth INR 56,200 Cr. at present.\r\n\r\n\u201cMarket for pre-owned goods already exists in the form of Ebay and now Olx and Quikr but that is more of a niche market. The real value lies in pre-owned cars and homes due to their ticket sizes,\u201d said Anupam Mittal.\r\n\r\nThe startups dealing particularly in the sale of pre-owned cars includes Carwale, Cartrade, MahindraFirstChoice, Carnation\u00a0, Droom and \u00a0Zigwheels.\r\nCartrade.com\r\nIt is an online automotive market for buyers and sellers of new and used vehicles.It organises car auctions across more than 80 cities with a participation of over 1200 dealers.\r\n\r\nBased in: Mumbai\r\n\r\nProducts & Services: Compare Cars, Buy\/Sell Used and New Cars, User\/Expert Reviews\r\n\r\nFounders: Vinay Sanghi\r\n\r\nFounded In: 2006\r\n\r\nFunding: $30.2 Mn in 1 Round from Tiger Global Management, Canaan Partners and Warburg Pincus.\r\nMahindraFirstChoice.com\r\nIt is a multi-brand second-hand car sales venture operating through a hybrid offline-online model.\r\n\r\nBased: Mumbai\r\nProducts & Services: Car Servicing and Maintenance, Four wheeler Spare Parts, Buy\/Sell Used Cars\r\n\r\nFounders: Anand Mahindra, Rajeev Dubey and Dr. Nagendra Palle\r\n\r\nFounded in: 2008\r\n\r\nFunding: Raised $10 Mn from hedge fund Valiant.\r\nCarnation.com\r\nCarnation provides complete solutions for almost all brands of cars, starting from quick servicing, mechanical repairs, body repairs, accessories, insurance, car exchange and even doorstep service through a chain of workshop on wheels.\r\n\r\nBased: Noida\r\n\r\nProducts & Services: Online Car Sales, Car Insurance and Car Servicing\r\n\r\nFounders: Jagdish Khattar and Kunal Khattar\r\n\r\nFounded in: 2008\r\n\r\n\r\nCarwale.com\r\nCarWale offers a consumer-focused site that includes content and tools for exhaustive research, pricing and marketplace information.\r\n\r\nBased: Mumbai\r\n\r\nProducts & Services: \u00a0Video Car Reviews, Car Research, Expert Reviews, On-Road Price, Used Car Listing\r\n\r\nFounders: Mohit Dubey, Tufail Khan and \u00a0Gaurav Verma\r\n\r\nFounded in: 2005\r\n\r\nFunding: Undisclosed amount in Seed funding and $7Mn in Series A\u00a0\r\nZigwheels\r\nZigWheels.com is an exhaustive auto portal cutting across cars & bikes.\r\n\r\nBased: Gurgaon\r\n\r\nProducts & Services: Compare Cars, Buy\/Sell new and used cars, Car Insurance,Maintenance Calculator, Car Deals and Find Dealers\r\n\r\nFounders: Vijesh Sharma\r\n\r\nFounded in: 2008\r\nDroom\r\nAirbnb meets Craiglist for the automobile industry\r\n\r\nBased: Gurgaon\r\n\r\nProducts & Services: Used and New automobile buying\/selling, cars, bikes and mobile marketplace\r\n\r\nFounders: Sandeep Aggarwal\r\n\r\nFounded in: April,2014\r\n\r\nFunding: N\/A\r\n\r\nJust yesterday, another startup operating in the pre-owned goods sale, CredR got funded by GrowthStory. The four month old Mumbai-based startup is enabling the ecommerce of pre-owned two-wheelers bundled up with features like test rides at the home of the buyer, a 6-month warranty, one year roadside assistance and fair pricing system.\r\n\r\nWith the availability of better ticket sizes and margins in the vehicle category particularly cars, this segment has now started seeing emergence of new players, and the funding activities. But this also increases the competition among the current players and obviously the early movers in the classified segment i.e Olx and Quikr too pose a great threat to the growth of these startups.