BlueJack

Delhi-based Four Wheel Group (India) Pvt. Ltd. operates BlueJack, an online marketplace focused on the pre-owned vehicle sector. The company was established by co-founders Wishal Rampal and Sahil Chaudhry. BlueJack entered the market to compete in the online used automobiles space, initially launching its operations in the Delhi-NCR region.

The company's business model centers on providing a digital platform for transactions involving used vehicles. BlueJack secured initial capital in October 2017, raising Rs 1.6 crore from a group of individuals and Quintillion Media Pvt. Ltd. This was followed by a more substantial pre-Series A funding round in April 2018, which brought in approximately $923,000. This later round was led by the investment firm WaterBridge Ventures and also saw participation from Singapore Angel Network and several angel investors. Over three seed rounds, the company has raised a total of $2.33 million, with its largest round amounting to $1.08 million in December 2018, also led by WaterBridge.

BlueJack positions itself against other established players in the used car market like Droom, CarDekho, and CarTrade. The platform facilitates the buying and selling of used vehicles, targeting individual consumers in a competitive digital marketplace. The company's funding history indicates a strategic effort to scale its operations and technology to capture a share of the Indian used car market. The lead investor, WaterBridge, is known for backing early-stage, tech-focused companies across various sectors.

Keywords: BlueJack.in, Four Wheel Group, used car marketplace, pre-owned vehicles, online automobile sales, Delhi-NCR, Wishal Rampal, Sahil Chaudhry, WaterBridge Ventures, Quintillion Media, Singapore Angel Network, vehicle e-commerce, automotive technology, used car platform, pre-Series A funding, seed funding, Indian automotive market, online car sales