Author Archives: Loknath Das

Value picks: Used car financing is now outselling new car loans

With many more consumers opting to buy second-hand cars, given how prices of new cars have shot up, banks are now focusing more on used car financing. Indeed, at a time when the demand for new car loans has flagged, credit for used cars is growing at perky 15-18%, according to bankers. CarDekho.com puts the pace of growth at an ... Read More »

TDP at crossroads over Chandrababu Naidu’s future after huge loss to YSRCP

After losing three elections back-to-back in less than a year, former Andhra Pradesh (AP) chief minister and Telugu Desam Party (TDP) supremo might find himself at a crossroad, as his political future hangs in the balance. TDP leaders said that while his original plan was to transition power slowly to his son Nara Lokesh, Naidu did not expect the major ... Read More »

China’s used-car marketplace Uxin to raise $230M via convertible notes

Uxin,  a Chinese second-hand car dealer with Leonardo DiCaprio as its latest brand ambassador, is tipped to get a bag of new funding less than a year after it raised $225 million from its public offering on the Nasdaq. The company announced on Wednesday that it’s selling $230 million worth of convertible notes to 58.com  — China’s answer to Craigslist, Warburg Pincus, TPG and other investors. ... Read More »

Future Of Medicine – Powered By Cloud

As the name suggests, with the help of this cloud technology a patient just needs to share the health concerns with the technology system and if need be, health insurance details as well. On receiving these details, a physician will contact you in real-time and share prescriptions. You can order medicines online, pay online as well,and receive the medicines at ... Read More »

This Chinese Used Car Marketplace is Making all the Right Noises

One may have a second thought before purchasing a used car, but millennials in China are slowly changing this attitude towards owning one. A research firm recently published a report stating that the supply of used cars in China will increase as the market matures and the cost benefits will start to stand out more. And reaping full benefit is ... Read More »

New car launches in June 2019

The monsoon season is just around the corner and so are two new much-awaited launches and unveilings in India. Of these, the Toyota Glanza and the Jeep CompassTrailhawk will make its debut in the hot-selling hatchback and off-road SUV segment. Meanwhile, Kia and Renault will showcase the SP2i and the Triber, respectively. Read below to learn more about them – Toyota Glanza Toyota Glanza, the rebadged version of the Maruti Suzuki ... Read More »

9 Batsmen Who Are Crucial for Team India in World Cup 2019

The Indian squad for ICC Cricket World Cup 2019 is already announced and we see an inclusion of several top-notch batsmen and all-rounders that can turn the tables in favour of Team India. Some of the players from 2015 World Cup team have been retained, while 7 players will be making their first appearance in this event. The World Cup ... Read More »

Used-cars market shines bright as sales hit 4 million mark in FY19

As automakers continue to report plummeting April sales numbers, the factors triggering a slowdown in the new-cars market don’t seem to be weighing on the used-cars market. Used-cars sales crossed the 4 million unit mark in FY19, with it being 1.2x the size of the new car market. It is also poised to reach between 6.7 to 7.2 million cars ... Read More »

Used Car Marketplace Spinny Raises $13.2 Mn In Series A Round

Gurugram-based used car marketplace Spinny has raised $13.2 Mn in Series A funding round led by Accel and SAIF Partners. Existing investors such as Blume Ventures and Simile Ventures had also participated in the round. Raghunandan G (cofounder and former CEO Taxi For Sure) and Haresh Chawla (partner at True North PE firm) also joined the round in their personal ... Read More »

Accel, SAIF, Alteria invest in used car retailer Spinny

New Delhi: Used car online retailing platform Spinny has raised $13.2 million led by marquee early stage investors Accel Partners and SAIF Partners in a Series A round, the company said on late Tuesday evening in a statement. Its existing investors- Blume Ventures and Similie Ventures also participated. Further, it has also raised ₹20 crore in venture debt from Alteria Capital, which provides loans ... Read More »