Industry News
Prosus takes 37.5% share in LatAm horizontal Encuentra24
Another day, another Prosus deal. The marketplace operator announced today that it will acquire a 37.5% stake in horizontal Encuentra24, which operates across...OLX-Brazil, Bradesco to offer RE financing
OLX-Brazil, Brazil’s No. 1 horizontal by traffic and revenue, will offer real estate financing from Bradesco, one of Brazil’s largest commercial banks, OLX-Brazil...New platform promises stable benefits for gig workers
CareerGig aims at “not only offering a space to connect employers and freelance workers, but to give workers some much-needed security,” according to TechRepublic....Cazoo acquires Imperial Car Supermarket
Cazoo has acquired independent used car retailer Imperial Car Supermarkets. The deal gives the British autos vertical access to Imperial Car Supermarkets’ 18...Allegro sees revenue grow 31% in 2019
Allegro.pl, the largest b-to-c marketplace in Poland, saw revenue grow by 31% year-on-year in the 2019 financial year, according to a report from...Clicars grows sales and market share
Spain-based digital auto dealer Clicars.com appears to have benefited from the pandemic-induced shift to online purchasing. It achieved record sales and traffic in...Quikr’s valuation drops yet again
Quikr, the India-based general marketplace, has become something of a disappointment for its investors. In its quarterly report, Kinnevik, the Swedish investment...Blue-collar Jobcase lands $30M funding round
Jobcase, a jobs networking site that bills itself as a blue-collar LinkedIn, announced it has closed a $30 million funding round led by existing investor...Ghana-based Tonaton offers doorstep delivery
Tonaton.com, a Ghana-based general marketplace owned by Saltside Technologies, now offers doorstep delivery. Tonaton’s CEO, Zubair Riaz, told the AIM Group...Naspers to lay off 500 employees
As Prosus is capitalizing on its online growth strategy in emerging markets, its parent company Naspers, a centenarian magnet based in South Africa… This content...DPG Media Netherlands announces new team
Belgian cross-media company DPG Media announced a new management structure for its affiliate in the Netherlands. The move comes on the heels of DPG’s...Indonesia-based TiinTiin raises $2.5M in seed funding
TiinTiin.id, an Indonesia-based used-car vertical, landed $2.5 million U.S. in seed funding to expand into new markets, verticals and business models. This content...Chip Perry joins dealer software firm as CEO
It’s one more time around for Chip Perry. He’s taken a new gig as CEO of A2Z Sync, a Denver-based software provider for auto dealerships. A legend in the U.S....Ronnie Parikh promoted to VP at CarGurus
CarGurus has promoted Ronnie Parikh to vice president of corporate development and strategic partnerships. Since joining the used-car listings site in 2017 as...Carlist.my launches “almost digital” retailing service
Carlist.my, the leading Malaysia-based auto marketplace, has launched a "book now pay later" service that lets buyers reserve a used car online and pay for it...LinkedIn tool helps with name pronunciation
LinkedIn has added a feature that lets users provide the correct pronunciation of their names by posting an audio file on their profile. This content is part of...PigiaMe offers escrow service
Roam-owned horizontal PigiaMe has introduced escrow services as a way of building trust among its client base. This content is part of our business intelligence...ICar Asia cuts losses, announces layoffs
ICar Asia cut net losses by 36% year-on-year in the second quarter of 2020, with net outflow totaling A$1.14 million ($794,000 U.S.). The company also revealed it...DIP Corp. shifts sales plan after Q1 revenue drop
Japanese recruitment firm DIP Corp. (TSE: 2379) saw a significant drop in revenue during the first quarter of 2020, leading the company to refocus on digital...Santander launches car subscription service in Spain
Santander Consumer Finance (SCF), the consumer finance arm of Santander Bank, has launched an auto subscription app. The app, called WabiCar, is currently...Load More Articles
