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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.
Editor's note: 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 growth and success in depth in April. Almost all the action, though, has been centred on cars specifically. A little over two weeks ago, CredR, a used motorbike and scooter platform, raised $6.5 million in a funding round led by Japanese bike maker Yamaha Motors, with existing investors Omidyar Network India and Eight Roads Ventures joining in. Astarc Ventures, an early-stage venture capital fund, also participated in the round. CredR has so far raised more than $25 million in total, …
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.
