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Detailed stories on technology startups, business and economic current affairs.
The business of selling used vehicles online has become the land of unicorns, high valuations and plentiful funding.
Used car sales platform Spinny raised over $100 million in its Series D round led by Tiger Global, Entrackr reported last Friday, just three months after the company closed a $65 million Series C round. Car servicing startup GoMechanic raised a $42 million Series C round in June. Market leader Cars24, which crossed $1 billion in valuation last year, is looking to raise around $250 million, which is expected to push its valuation to above $2 billion. We had written about Cars24’s …
From delivery pods to cargo trucks, the country is going all in on self-driving vehicles.
Cheaper, high-tech cars from China have flooded the UAE auto market in the past few years—sometimes entering through the back door.
The compact SUV, which outsold Maruti Suzuki’s Wagon R, has made quite a splash in a segment that its peers have failed to crack. All in a matter of three years.