India

India's Drivezy fund raised $20 million in their recent round

25 October 2018

The round, which is expected to close by the end of October, according to two sources briefed on the developments, could value the company at about $100 million.

Revv, a self-driving car rental company, to start subscription products

16 October 2018

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Revv, which is present across 15 cities, is rolling out services in eight more including Kolkata, Ahmedabad, Kochi and Mangaluru, by the end of FY-19.

India: Truebil raises over $1 million for their online used car marketplace

12 October 2018

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The three-year-old startup raised this round at an estimated valuation of around $17-20 million, which was the same as its follow-on Series A round last year.

Avis India to utilize SAMIL’s bidding service for used car disposal

11 October 2018

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Avis India has partnered with Shriram Automall India Limited (SAMIL), a service provider for disposal of “lease return” cars leveraging SAMIL’s Online Bidding Platform through a white label website.

India's used car platform CarDekho sees revenues growth 2018

10 October 2018

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CarDekho has steadily been building its insurance and finance growth engines over the past year to enable a more entrenched dealer network for the two verticals.

Carlo.in establishs India’s first automobile physical and digital showroom

03 October 2018

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Carlo.in is focused on creating the largest team of portfolio managers in the automobile sector in India by not only providing the online buying and selling experience of either an used car or a new car.

Germany’s Wunder Mobility fund raises $30M to push car pooling in India

12 September 2018

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The investment was led by the KCK Group, a US-based family investment firm, with participation from existing investor Blumberg Capital, an early-stage venture capital firm headquartered in San Francisco in the US.

Zoomcar introduces their new car subscription model to India

30 August 2018

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ZAP Subscribe is the flagship fractional sharing program of Zoomcar where one can subscribe a car for 6, 12 or 24 months and technically have the flexibility of having a new car whenever they want, a Zoomcar release said.

India's car rental Carzonrent launches Cabpro, a corporate car rental platform

30 August 2018

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Cabpro is developed to tap into the large unorganized corporate car rental industry, estimated at USD 2.5 billion consisting of large and small taxi vendors servicing corporate clients across India.

CarDekho, a Girnar Software compay, buys Indian car Youtube channel PowerDrift

29 August 2018

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Post acquisition, CarDekho plans to come up with the best in class video contentas a visual treat and decision enabler for all stakeholders. PowerDrift believes that acquisition enables them to create more exciting content and also offers great value to their viewers.