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 …
Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.
nikhil@mailtmc.com