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Posts Tagged ‘ Carwale ’

Used-car marketplace GoZoomo shuts shop, returns remaining capital to investors

Friday, August 26, 2016 | More »

Arnav Kumar, CEO, GoZoomo
Youngmonk Technologies Pvt. Ltd, which runs online marketplace for pre-owned cars GoZoomo, has decided to shut down operations as the founders failed to carve out a business model with sustainable unit economics. Confirming the development, CEO Arnav Kumar said the company has decided to return the ...

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Pre-owned car marketplace HopCar merges with Spinny

Online pre-owned automobile marketplace HopCar has merged its operations with bigger rival Spinny. The merged entity will continue to operate under Spinny’s brand name with the four co-founders of HopCar becoming core team members at Spinny. The merger allows Delhi-based Spinny to further strength...

13 June, 2016 | More »

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Droom raises Series B funding from Beenext, Digital Garage and others

Online marketplace for used automobiles Droom has raised an undisclosed amount in its Series B funding round from investors led by venture capital fund Beenext and Japanese internet company Digital Garage. Lightbox, Beenos and other existing investors also participated in this round. Teruhide Sato, ...

1 June, 2016 | More »

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Auto classifieds portal CarTrade buys rival CarWale

Automobile classifieds portal CarTrade has acquired rival CarWale for an undisclosed amount, the third takeover deal in the segment in little more than a year. German media conglomerate Axel Springer sold its 91.3 per cent stake in CarWale, owned by Automotive Exchange Pvt Ltd, to Car Trade Pvt Ltd ...

12 November, 2015 | More »

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On M&A radar: Jabong & CarWale

The merger & acquisition (M&A) deal counters are buzzing with some significant deals brewing in the internet space. Separate media reports said Alibaba Group-backed digital payment solutions and e-commerce venture Paytm is eyeing Jabong, one of the top two fashion e-tailers in the country. H...

21 September, 2015 | More »

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E-commerce Big Part Of Our Internet Strategy: Kalli Purie, COO, Digital, India Today Group

As Chief Operating Officer, Digital, India Today Group, Kalli Purie spearheads the group’s online properties such as Indiatoday.com, Aajtak.in, Wonderwoman.in and BusinessToday.in. The group also has an aggressive investment strategy having already put money in automotive classifieds site Carw...

8 June, 2011 | More »