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Spoticar eyes U.K. launch in early 2020

Spoticar, a used car brand that operates across Europe, will launch in the U.K. next year. The platform brings together seven separate used-car operations, including Peugeot Lion, Citroën Select, Opel and Vauxhall NetworkQ, under a single brand. Launched in France in...

Used motorcycles marketplace CredR raises $6 million

Mumbai-based used motorcycles marketplace CredR has raised $6 million U.S (₹38 crores) from Omidyar Network, an Indian investment firm run by Pam and Pierre Omidyar, the founder of EBay. Existing investors Eight Roads Ventures, GrowthStory and AngelList also...

ICar Asia eyes 50% growth in 2020 revenue

ICar Asia, an operator of auto marketplaces across Southeast Asia, expects revenue to grow by 50% year-on-year in 2020. The company’s predictions are based on consistent growth in its core businesses and anticipated returns on its recent acquisition of Carmudi...

Former Daimler CEO invests in German auto marketplace

Former Daimler CEO Dieter Zetsche has invested in German auto marketplace startup CarOnSale, according to a report by online magazine Gründerszene (in German). It is not known how much the Zetsche invested in the company. Zetsche, a well-known figure in the auto...

HeyCar likely to expand to other countries

A record year for Volkswagen Financial Services, the company behind German auto vertical HeyCar, will likely lead it to expand HeyCar into new European markets. In August, the Berlin-based company launched in the U.K., a major step toward international expansion. In a...