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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Four top-level exits come at a time when the IPO-bound used-car platform is grappling with serious financial challenges.
Within roughly 60 days, four senior leaders have walked away from their daily roles at Cars24, a unicorn with a valuation of roughly $2.6 billion.
First, Himanshu Ratnoo, chief executive of the company’s India used-car business, and Ankit Bhalla, director of engineering, exited in March. This week, co-founders Gajendra Jangid (chief marketing officer) and Mehul Agrawal (chief operating officer) followed suit.
The co-founders' farewell posts on LinkedIn read like long, carefully worded notes of gratitude, yet offer little explanation for what led to their decision. Jangid, for instance, said, “The decisions that move this company forward today are not …
The potential deal, if completed, will create one large player and among the largest pre-owned vehicles businesses. Whether CarTrade can afford it is something investors need to watch out for.
Cheaper, high-tech cars from China have flooded the UAE auto market in the past few years—sometimes entering through the back door.
We look at Spinny, a unicorn, to demonstrate how the used-car business is a graveyard of ideas pretending to be internet-first or internet businesses only to realize years later that the soul of the business lies in brick and mortar.
