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Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to keep scaling the business, and specifically also ... Read More »

Jack Dorsey’s ‘Future Defining’ Plan To Bring Bitcoin To 1.2 Billion People

Bitcoin and cryptocurrency has struggled to find its place in the developed world— where payments are easy, corruption is (relatively) low and infrastructure is in place. The bitcoin price has, however, climbed this year, largely due to interest in bitcoin and crypto from technology giants including Jack Dorsey’s social network Twitter and iPhone-maker Apple. Now, Dorsey, the chief executive of both payments ... Read More »

Tesla to build new car factory near Berlin – up to 10.000 new jobs

Elon Musk, founder and CEO of Tesla, one of the world’s best-known producers of electric cars, has announced that the company’s new factory for the European market will be built in Germany. New Tesla factory will be near Berlin-Brandenburg airport Speaking during a ceremony at the Golden Steering Wheel awards in Berlin, Musk announced that the company’s new car and battery factory ... Read More »

Here’s how Fintechs are helping used car firms to boost sales

Droom Technology, the online transactional platform for automobiles, recently acquired Delhi-based non-banking financing company, Xeraphin Finvest, for an estimated USD 3 – 3.5 million. The online auto services provider is expanding its fintech business under Droom Credit Business Unit to drive auto loan disbursals and insurance for purchase of preowned vehicles and facilitate dealer financing options. In contrast to declining ... Read More »

10 New Cars Under Rs 25 Lakh To Buy This Diwali

The upcoming festive season is a popular time to buy new cars, especially with carmakers launching a variety of new and facelifted models in the last few months. From entry-level models to a long-range electric vehicle, there is plenty to choose from. Here are the top 10 new cars of 2019 that can be on your Diwali shopping list: 1) ... Read More »

India vs Bangladesh: BCCI to factor in smog for future ties

Bangladesh’s Mushfiqur Rahim during a practice session ahead of their first T20 international match against India, at Arun Jaitley Cricket Stadium, in New Delhi on Thursday.(Burhaan Kinu/HT PHOTO) The Board of Control for Cricket in India (BCCI) on Thursday confirmed that the India-Bangladesh T20 match at the Ferozeshah Kotla ground will go ahead as scheduled despite the high pollution levels ... Read More »

India vs Bangladesh: Virat Kohli’s rest and MS Dhoni’s future on the radar as selectors meet to pick squad

With the South Africa series over, the Indian team is now set to take on Bangladesh for a series of 3 T20Is and 2 Tests starting from November 3. As reported earlier, the MSK Prasad-led BCCI’s selection committee will be meeting on Thursday to select the squad for the series. Also, with the Bangladesh Cricket Board (BCB) having accepted most ... Read More »

Tokyo Motor Show 2019: Concept Cars Set to Hit the Floor

With the Tokyo Motor Show less than a fortnight away, here are the concept cars slated to hit the show floor. Over the years, the annual Tokyo Motor Show has become one of the most popular events across the world to show off automotive concept models. Thanks to teasers and official manufacturer announcements, these are the concept models that we ... Read More »

Spurred by robust used car sales, Cars24 to expand its network in India

Bengaluru: On the back of buoyant sales of used cars in India, Gurugram-headquartered tech-enabled used car company Cars24 is investing heavily on growing its presence across the country, and on improving its back-end technology, according to a top company official. Gajendra Jangid, co-founder and chief marketing officer of Cars24, in an interview to Mint, said that the company sells 13,500 cars ... Read More »

Future’s Biyani moves to simplify group structure

MUMBAI : With Future Retail announcing its intention to acquire retail infrastructure assets from group company Future Enterprises Ltd, its billionaire promoter Kishore Biyani has taken a key step towards simplifying his group structure. The board of Future Retail, in a meeting on Saturday, agreed and approved the “acquisition of the retail infrastructure assets up to maximum limit of ₹4,000 crore of ... Read More »