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Industry News




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. This content is part of our business...

Afrimarket calls it a day

E-commerce and general marketplace site Afrimarket has shutdown operations after six years of operating in five French-speaking African markets. Co-founders Rania Belkahia and Jeremy Stoss disclosed the decision was imposed on them by investors after the withdrawal of...

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. This content is part of our business intelligence service. Please click the button below to learn more....

CarDekho raises $70 million in Series D funding round

Indian auto marketplace CarDekho has raised $70 million U.S from Chinese and European investors. The company will use the funds to strengthen its transaction-related businesses and expansion plans. This content is part of our business intelligence service. Please...

Prosus, meet Prosus: Trademark issues, anyone?

Prosus, meet Prosus. There's the multinational $98 billion Prosus, majority owned by Naspers and traded on Euronext Amsterdam — and then there's Prosus.ai, a recruitment sourcing tool owned by First Round Technology AG of Cham, Switzerland. Sounds like someone's got...

Craigslist releases mobile app

Craigslist has finally released a mobile app. It's a remarkably belated update for the classifieds site that may signal a growing threat from its competitors. This content is part of our business intelligence service. Please click the button below to learn more....

QuintoAndar to facilitate property transactions

QuintoAndar, a startup focused on Brazil's residential rental market, will offer intermediary services in real estate transactions. Starting in Jan., the company will team up with agents to let buyers view properties for sale and schedule visits on the site. This...

Monster parent Randstad plans major cost cuts

Global staffing and recruitment marketing company Randstad has announced a plan to save it $133 million by 2021. Randstad, which owns international recruitment marketing company Monster Worldwide, parent of Monster.com, announced the plans on a company analyst webinar...

Adevinta Spain appoints new CFO

Adevinta Spain has appointed Gerardo Mené Moreno as its chief financial officer. Mené Moreno joined the company in January as director of finance and compliance officer. Mené Moreno (LinkedIn profile) spent 15 years at Proctor & Gamble before joining Adevinta....