VavaCars
On a mission to become the most trusted car transaction platform in the world.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | $37.0m Valuation: $250m | Series C | |
| Total Funding | 000k | ||
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VavaCars operates as a technology-enabled used car platform in Turkey and Pakistan, with a C2B2C (consumer-to-business-to-consumer) business model. The company purchases vehicles from consumers and subsequently resells them to other consumers and car dealers through its online platform.
Initially, the company focused on acquiring vehicles from individuals and selling them to dealers via online auctions. More recently, VavaCars has expanded its model to include direct-to-consumer sales, allowing individuals to purchase cars entirely online. This dual approach enables the company to serve both individual consumers and a network of car dealers.
The company's revenue is generated from the sale of these used vehicles. In addition to car sales, VavaCars offers ancillary services such as vehicle servicing and extended warranties, which provide additional revenue streams. The platform leverages proprietary technology for vehicle pricing and inspection to ensure a transparent and efficient process for both buyers and sellers.
Keywords: used cars, online marketplace, automotive, C2B2C, vehicle inspection, car auctions, e-commerce, vehicle financing, ancillary services, emerging markets