Tag Archives: Raises

Carsome raises $50M for its used-car sales platform in Southeast Asia

Carsome,  a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG); Daiwa PI Partners, ... 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 »

Future Retail raises ₹2,000 crore through issue of warrants to promoter entity

NEW DELHI: Future Retail Tuesday said it has raised nearly₹2,000 crore through issue of warrants to its promoter group entity on a preferential basis. “The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of ₹505 per warrant, each convertible into or exchangeable for one equity share of face value of ₹2 each…to Future Coupons ... Read More »

Used car platform Truebil raises ₹100 crore

Omni-channel platform for buying and selling used cars Truebil has raised ₹100 crore in Series B round through a mix of equity and debt. With this round, the total funds raised by Truebil stands at ₹160 crore. The latest round was led by leading Japanese investor Joe Hirao, founder of Tokyo-based classified website ZIGExN. Existing investors Kalari, Inventus, Kae, Shunwei, and Tekton ... Read More »

Online Used Car Marketplace Cars24 Raises $49.7 Mn

• The funding has been raised from Sequoia Capital India, Kingsway FCI Fund, and KCK Global • The startup’s valuation is expected to be $250 Mn • Cars24 currently has more than 50 branches across 10 major cities in India Gurugram-based online used car marketplace Cars24 raised $49.7 Mn (INR 340 Cr) from Sequoia Capital India, with the participation of some existing ... Read More »

Frontier Car Group raises another $58M for its used-car marketplace for emerging economies

  We’ve seen a large wave of used-car sales startups launch across developed markets like the U.S. and Europe, disrupting a marketplace that has largely been untouched for years. Now a startup focusing on the used car-sales opportunity specifically in developing economies is ramping up its activities. Frontier Car Group, a Berlin startup that has built a used-car marketplace targeted ... Read More »

Carspring, a London and Berlin startup that lets you buy a used car online, raises £5M Series B

Carspring, the London and Berlin used car buying platform founded by Rocket Internet, has picked up £5 million in Series B funding. Backing the round are Rocket Internet itself, along with Channel 4’s Commercial Growth Fund, which offers media in the form of TV advertising in return for equity. In other words, a portion of this round (£1.3m) isn’t cash per ... Read More »

Carwow, a UK startup that helps you buy a new car, raises $39M Series C

Carwow, a platform that helps you buy a new car, has closed $39 million in Series C funding. The round was led by new investor Vitruvian Partners, with existing investors Accel Partners and Balderton Capital also participating. At today’s exchange rate it brings total funding to approximately $62.6 million. Founded in late 2010, Carwow originally launched as a car review ... Read More »

IFCI Raises Lending Rate By 10 Basis Points To 8.6 Per Cent

New Delhi: Term finance lender IFCI today said it has raised benchmark lending rate by 0.1 percentage point (10 bps) to 8.6 per cent. The company has changed its its short-term benchmark rate (IBR-ST) from 8.50 per cent to 8.60 per cent with monthly rests for lending for tenure up to three months only, IFCI said in a statement. The ... Read More »

Yes Bank Raises Rs. 3,000 Crore From Bonds

New Delhi: Private sector Yes Bank on Saturday said it has raised Rs. 3,000 crore from bonds to fund business expansion. With this capital raising, the bank’s Tier-I Capital Ratio will be at 12 per cent including profits and adjusted for pro-rata dividends, Yes Bank said in a statement. The Basel-III compliant additional Tier-1 (AT1) Bonds will be listed on ... Read More »