CarSwitch
Buy & Sell Used Cars in Dubai, UAE.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | $7.3m | Series A | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 39 % | 53 % | 47 % | 63 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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CarSwitch operates as an online marketplace for buying and selling used cars in the UAE. The platform caters to individual buyers and sellers, providing a seamless and transparent process. CarSwitch differentiates itself by offering a comprehensive inspection service for all listed vehicles, ensuring quality and reliability for buyers. The company operates in the automotive market, specifically focusing on pre-owned vehicles. Its business model involves facilitating transactions between private sellers and buyers, thereby eliminating dealer margins and offering competitive prices. CarSwitch generates revenue through service fees charged for inspections, listings, and additional support services such as loan clearance and transfer assistance. The company also provides extensive customer support, available seven days a week, to assist clients throughout the buying or selling process.
Keywords: used cars, UAE, marketplace, inspections, private sellers, competitive prices, automotive, loan clearance, customer support, seamless transactions.