The serial entrepreneur behind the Zoopla house-hunting website has raised more than £30 million for his next venture, which is aimed at disrupting Britain’s used car industry.
Alex Chesterman, who made a windfall selling Lovefilm, the video rental company he co-founded, to retail giant Amazon seven years ago, is to launch Cazoo, a car buying and rental website.
Through the Cazoo platform customers will be able to buy, finance or rent a used car online and have it delivered it their door within 48 hours.
Chesterman has set his sights on the car industry following ventures in film and property.
In 2003, he launched DVD rental company ScreenSelect, which later became Lovefilm and was offloaded to Amazon for £200 million in 2011.
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