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Home » Asia » India

India
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bbt

India's Big Boy Toyz prepares to enter luxury car online retail

24 July 2019
Michael Hunt
No Comments
Currently the company focuses on an open and honest transaction process within their showrooms and hope by introducing their own approach to sales into the online retail market.
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droom

Droom prepares to raise $250 million

22 July 2019
Michael Hunt
No Comments
"Droom will be utilising the funds to build on its AI/ML tech infrastructure for the marketplace model as well as financing and inspection," said Founder and CEO Sandeep Aggarwal.
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droom

Droom, an Indian online used car platform, launches new Eco Lab

18 July 2019
Auto Editor
No Comments
The new Eco Lab will help create IoT based inspection technologies to help facilitate more used car sales.
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app

Ride-hailing platforms are changing mobility industries worldwide

17 July 2019
Auto Editor
No Comments
Ride-hailing platforms like Uber have altered the transportation and mobility industry around the world and allowed other companies like Lyft in the United States or Ola Cabs in India to compete. 
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zoom

Zoomcar fund raises $11.35M to maintain market leadership

15 July 2019
Auto Editor
No Comments
The filings showed that the proceeds will be used towards technology development, customer acquisition, publishing and other general corporate purposes.
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cars24

Cars24, a used car retail platform, switches to a franchise model in India

12 July 2019
Auto Editor
No Comments
Cars24 plans to invest into the franchises, depending on the location. It is shortlisting partners after putting them through a lens, and clearing only one from every 200 applications.
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cardekho

CarDekho is preparing to hire 2000 new employees

12 July 2019
Michael Hunt
No Comments
CarDekho already has around 2,800 employees; the company has stated they will be hiring up in both technology and non-technology positions in multiple portions of the company in India. 
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carpool

Delhi's high court requests government's position on car-pooling platform

10 July 2019
Auto Editor
No Comments
The petitioners contended that cars used for pooling are private vehicles, bearing white number plates, which are not permitted to carry passengers indiscriminately for hire.
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ola

Ola Electric fund raises $250 million led by SoftBank

09 July 2019
Michael Hunt
No Comments
After this investment round, Ola has become one of India's fastest growing companies. The company will use these new funds to begin bringing one million electric cars into India by 2021.
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droom

Droom looks to raise $250 million before their IPO

08 July 2019
Auto Editor
No Comments
Droom's plan is to get listed on Nasdaq in 2021 through its Singapore-based holding entity, and could also look at a possible Hong Kong stock exchange listing post the Nasdaq IPO.
Read More
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