A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – SECOND-HAND AUTO
- Online marketplace for used cars Beepi raises $70M from SAIC Motor Corporation. Link.
- New car content and used car dealer listing platform Cartrade raises $145M from Temasek and March Capital, with participation from Warburg Pincus. Link.
- Used car listing platform CarDekho secures $15 million from Google Capital. Link.
- P2P used car listing platform Truebil raises $5M in Series A funding from Kalaari Capital, Inventus Capital and Tekton VenturesLink.
SOME INTERESTING STARTUPS FOUND
Carsnip (Bingham, 2014) – A used car search engine. Crawls websites of online dealers offering used cars and aggregates this data on the portal.
Carbonoak (Ottawa, 2015) – An online dealer of premium and luxury used cars. Offers personal shoppers for buyers.
LEADER BOARD – SECOND-HAND AUTO
Horizontal
Autohome (2008, Beijing, IPO) – Used car/new dealer listing and auto-content portal. Went Public in 2013 and has a market cap of $3.7B.
Carsdirect (1998, El Segundo, $280M, Acq.) – New car content, used car listing portal and car loans aggregator. Acquired by KKR in 2014.
Cartrade (2009, Mumbai, $188M) – Offers new cars price, reviews, comparisons, used car listings from dealers. Backed by Temasek, Warburgpincus.
Dealer’s Tech
Youxinpai (2011, Beijing, $460M) – A platform connecting used car dealers to buyers. Inspects, certifies and offers warranty on cars sold through the platform. Backed by Baidu.
Truecar (2005, Santa Monica, IPO) – Offers car valuation services. Connects certified used car dealers to buyers. Went public in 2014. Has a market cap of $530M.
Cheyipai (2009, Beijing, $185M) – A B2C and B2B used car bidding platform. Backed by Renren, Sequoia.
Skencar (2014, Seoul, $126M) – A web and mobile B2C used car listing and auction platform. Backed by Carsales.com.
P2P listings
Renrenche (2014, Beijing, $110M) – A P2P used car listing portal with inspection, valuation services. Backed by Tencent.
Credr (Mumbai, 2014, $15M) – A P2P used bike listing platform. Backed by Eight Road Ventures.
Consignment
Beepi (2013, Menlo Park, $149M) – A P2P used car consignment provider with a 30-day sale guarantee. Backed by Foundation Capital and Sherpa Ventures.
Shift (2013, SF, $74M) – A P2P used car consignment provider. Maintains inventory, handles paper work and provides delivery service to the buyers. Backed by Goldman Sachs.
Online dealership
Vroom (2013, NYC, $183M) – An online dealer of used cars. Buys, maintains inventory and sells used cars with a 7-day full refund warranty. Backed by Catterton partners.
Auto1 (2012, Berlin, $118M) – A C2B online dealer of used cars. Values and buys used cars from individual sellers, stores in inventories and sells them to registered dealers. Backed by DST global, Piton Capital.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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