Skip to main content

CARMUDI SECURES $25M IN NEW FUNDING FOR ASIA AND LATIN AMERICA

Rocket Internet backed online car classified player to become No.1 in emerging markets



Berlin, Germany – Carmudi, a leading car classified site backed by Rocket Internet, has raised $25 million to strengthen its operations in Asia and Latin America. Investors include Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, Holtzbrinck Ventures, a leading consumer internet investor, Tengelmann Ventures, a division of international multi-sector retailer Tengelmann Group, and a private investor.
Launched in October 2013, Carmudi has rapidly scaled up to 20 countries, seven of which are in Asia (Bangladesh, Indonesia, Myanmar, Pakistan, the Philippines, Sri Lanka and Vietnam) and one in Latin America (Mexico). The platform is known to provide the most innovative and fastest way to buy and sell cars, motorcycles and commercial vehicles online.

The announcement of this funding comes at a time when the company is experiencing a remarkable growth of over 50 per cent in all its markets and has authentic listings of over 300,000 vehicles for its users globally.  
Carmudi Co-Founder and Global Managing Director Stefan Haubold said: “This funding will be crucial in boosting our operations in Asia and Latin America. Our goal is to be the No.1 car classified platform in all our markets. There are over 300 million active internet users that we are aiming to tap into in these markets. We want to make sure that we bring them the best experience of car shopping on their laptops and mobile phones.”
The new round of investment goes to show the support and confidence investors have in Carmudi’s business model. Koen Thijssen, co-CEO of APACIG stated, “We invest in companies where we see high potential for growth and expansion. We are sure that Carmudi will be able to conquer its markets very soon." As the internet penetration is likely to reach 44 per cent by 2018 in in Asia Pacific region alone (excluding China and India), Carmudi’s strategic timing could not have been better. Having the first-mover advantage is certainly helping Carmudi become a household name as it continues to reap the rewards from a growing middle class and influx of foreign spending in emerging markets. In fact, it is already reaching over a million users per month through its website and mobile app.
With its new features, Carmudi is making the selling and buying process much simpler for experts and novices alike who are new to the Internet.
About Carmudi
Carmudi was founded in 2013 and is currently available in Bangladesh, Cameroon, Congo, Ghana,Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines, Qatar, Rwanda, Saudi
Arabia,Senegal, Sri Lanka, Tanzania, United Arab Emirates, Vietnam and Zambia. The vehicle marketplace offers buyers, sellers and car dealers the ideal platform to find cars, motorcycles and commercial vehicles online.

About APACIG
The Asia Pacific Internet Group (www.apacig.com) is a joint venture of Rocket Internet and Ooredoo. The group’s network consists of 13 e-commerce and online marketplace companies, operating across 15 countries. Since it was founded in 2014, APACIG has become the leading online platform in Asia, building top internet companies in the region.
About Holtzbrinck Ventures
HV Holtzbrinck Ventures has been investing in internet companies for over ten years, primarily during their start-up phase. In this time, Holtzbrinck Ventures has financed over 120 companies and has established itself as one of the few venture capital firms that has also founded market leading internet companies. Today Holtzbrinck Ventures is one of Europe’s most successful early-stage investors in the internet sector, with investments in some of the internet’s biggest companies including Zalando, Wooga, Groupon, Westwing, Experteer, Dreamlines, Lazada, Flixbus, Quandoo, Lendico, Outfittery, Delivery Hero or Brands4Friends. 

About Tengelmann Group
Tengelmann Group (www.tengelmann.de) is an international operating retail company whose business interests are spread across a number of different industries. Subsidiaries include OBI, KiK, Kaiser's Tengelmann, Tengelmann e-stores ,TREI Real Estate  as well as Tengelmann Ventures, one of Germanys leading Venture Capital Company which invested in over 40 fast growing start-ups worldwide. The family-owned business was established in 1867 in Mülheim an der Ruhr and is currently managed in fifth generation. Tengelmann Group is operating over 4,000 stores in 15 different countries and employing more than 80,000 people. The group’s annual turnover is totalling EUR 11bn.

  


Labels:

Popular posts from this blog

Anak, pinagtataga ang nanay dahil sa Social Amelioration Program

Marami ang di makakuha ng tulong ng DSWD o tinatawag na Social Amelioration Program dahil di sila kuwalipikado na makakuha. Umalma na maging ang nasa middle class, bakit di raw sila kasali gayung apektado rin sila. Ngunit di lahat nang nakakakuha ng SAP ay pinapalad. Katulad ng isang 59-anyos na nanay na napaslang nang sarili niyang anak dahil dito. Ayon sa ulat, nanghingi diumano ng pera na ang 34-anyos na anak sa nanay nito. Pero nang hindi ito napagbigyan ay pinagtataga niya ito. Nangyari ang krime sa Rosario, La Union. Sabi ng pulisya, may deprensya diumano ang lalaki at nakainom pa ng alak.
Read more

Barangay workers sa Q.C., binawi ang relief goods matapos magpa-picture?

Ngayong panahon ng krisis marami ang dumadaing na hindi pa sila nakatatanggap ng ayuda mula sa gobyerno. Ang iba naman, nakatanggap nga pero kulang na kulang. Hindi nila alam kung paano pagkakasyahin sa buong pamilya ang natanggap na ayuda. Sa haba ba naman ng quarantine na 'di makapaghanapbuhay. Talagang gutom ang aabutin mo. Viral ngayon sa social media ang video na unang inupload ng kapatid ng netizen na si Alfredo Rodil mula sa Brgy. Pag-ibig sa Nayon, Quezon City. Kitang-kita sa CTTV na naglalagay ng relief goods sa mga upuan sa labas ng mga bahay-bahay. Pagkatapos magpakuha ng litrato ay bigla na lang binawi ang ayuda. Kaya gayun na lang ang kanilang pagkadismaya dahil sa inasal ng mga taga-barangay. Umani ng iba't ibang reaksyon ang naturang pangyayari. Anila'y parang nasa game show na may Laban o Bawi. Hindi raw ito makatarungan. Dapat silang matanggal sa trabaho ang mga ito. Pero may nagsabi naman na para namang scripted. Nagpa-picture lang daw para mayr
Read more

Toni Fowler at Rob Moya, Namigay ng 5 Libo sa Mga Tao

Mula sa Mommy Toni Fowler YT Channel Namigay ng pera sina Toni Fowler at Rob Moya sa mga tao na pawang nakita lang nila sa daanan. Namigay sila ng tag-limang libo, isang libo at limang daan. Mari-rami ring nabigyan ang dalawa at talaga namang tuwang-tuwa ang mga nakatanggap. Mayroon pang nagtatalon sa tuwa matapos makatanggap ng limang libo na katumbas na ng Social Amelioration Program ng DSWD. Ilan sa mga masuwerteng naambunan ng biyaya ay mga vendor, pulis, barangay workers, tricecyle driver atbp pa. Hindi ito ang pagsunod sa nauuso ngayon na Mayaman Challenge ni Francis Leo Marcos. Ayon kina Toni, ginagawa nila ito para ibalik sa mga tao ang mga biyayang natatanggap nila sa kasalukuyan. Sa ngayon, mayroon ng 2 million subscribers sa kanilang Youtube Channel. Simula nang mag-vlog si Toni kasama si Rob ay inulan na sila ng suwerte. Sinabi ni Toni na nahirapan silang mamigay ng pera dahil konti lang ang mga taong nasa kalsada dahil na rin sa enhance community quarantine.
Read more