CarZar gets $1.5m push from Vostok New Ventures

09 May 2017

South Africa-based auto startup CarZar has raised $1.5 million from Swedish investment firm Vostok New Ventures to advance technology, boost marketing and expand its team. CarZar is a used auto buyer founded by Fernando Pinheiro and Michael Muller in 2016 to ease the hassle of selling vehicles quickly in the local market. The online platform does not list vehicles. Instead, it lets interested vehicle sellers…

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Adegoke Seun

Adegoke Seun Oyeniyi is a business intelligence and media consultant specialized in helping foreign companies understand or penetrate African markets. He is also an award-winning business writer with Ashoka Scholar and 2016 Media Prize to his credit. He is the AIMGroup West Africa analyst covering major markets like Nigeria, Senegal and Ghana.