Used Car

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 »

Why the second-hand car market is seeing a boom

Even as new car sales have slowed down in the recent past, the pre-owned car market has continued to grow over the past year and is larger than the new car market now. Consider this: In 2018-19, while new car sales were recorded at 3.6 million units, 4 million second-hand cars were bought and sold, according to a recent report ... Read More »

You will love these fresh and healthy summer recipes

Apart from the heat, summers also make you feel dull and tired which is why eating healthy and having fluids is extremely important during summer. But how about ditching colas and canned juices and opting for something extremely healthy and filling? To help you make healthy choices this season, we have curated a list of recipes from the book The Eat ... Read More »

Used car market size can be ₹50, 000 crore by 2022: Mahindra First Choice

The size of India’s pre-owned or second-hand car market could be between 6.7 million units and 7.2 million units by 2022, with the value of the segment pegged at ₹50,000 crore, according to a sector outlook released by Mahindra First Choice Wheels Ltd, the pre-used car business of Mahindra and Mahindra Ltd. According to the report, the share of organized retail ... Read More »

Truebil bets big on used-car market growth, looks to grow 5x this year

Mumbaikars do not like black cars, but those, especially burly SUVs, sell like hot cakes in Delhi. Likewise, cars from South Mumbai find few takers, thanks to multiple stories about rust eating into the vehicles because of the area’s close proximity to the sea. These are few of the crucial analytical tools used by online marketplace Truebil.com, which sells used ... Read More »

Iraq’s billion-dollar used car parts paradise

“It’s a money-making machine,” says garage owner Karhi Bakr, 59, about the import of secondhand car parts into the Kurdistan capital of Irbil. Containers full of parts from cars written off after accidents in the West continue to pour into the city, which has become a major hub for the trade. Some of the 200 or so Kurdish traders involved have ... Read More »

Buying used: (2011-2017) BMW 520d

GOOD FOR: Strong engine, comfortable ride LOOK OUT FOR: Faulty steering column, worn-out interior Few deals are more tempting than a used luxury car. Thanks to rapid depreciation, big and expensive luxury sedans can be bought at laughable prices in the used car market. However, there are other costs that follow the purchase. Yes, you get them at a bargain, but the ... Read More »

Women driving used car sales in India: Honda, Volkswagen, Nissan preferred brands

Women are now key drivers in the growth of used car market in India Gone are the days when a woman was expected to occupy only the passenger seat with a smile plastered on her face as the man flexed his ‘skills’, occasionally cracking a joke or two on women drivers and their lousiness. Shattering all these stereotypes with utmost ... Read More »

Delhi startup CheckMyGaadi helps buyers evaluate used cars, wants to be the OYO of car servicing

If you are a car owner, it is likely that you have been concerned about its maintenance and/or repair at some point. And, if you happen to own a second-hand car — which is what many Indians do, with the domestic used car market estimated to reach $75 billion by 2023 — the concerns are paramount. Questions such as how to ensure that ... Read More »