Total amount raised
$7 Millions
Latest funding date
01/01/2019
Location
CarWale has established itself as a comprehensive platform for buying and selling both new and used cars, offering a variety of tools and features to meet the needs of car buyers and sellers. The platform provides extensive listings, search tools, and comparison features, making it a significant player in the automotive marketplace.
Keep reading to explore the intricacies of CarWale's fundraising journey and the investors backing this innovative platform.
What Is CarWale?
CarWale operates within the automotive industry, providing a comprehensive platform for buying and selling new and used cars. The platform offers detailed information on car models, prices, reviews, and comparisons, catering to a wide range of user needs.
CarWale is dedicated to helping users navigate the car market with ease, offering tools to find cars by budget, body type, and fuel type. It also features sections for upcoming and recently launched cars, making it a valuable resource for car buyers and enthusiasts alike.
How Much Funding Has CarWale Raised?
- Seed Round
- Amount Raised: -
- Date: December 2006
- Lead Investors: -
- Series A
- Amount Raised: $7M
- Date: October 2008
- Lead Investors: -
- Venture Round
- Amount Raised: -
- Date: January 2019
- Lead Investors: InnoVen Capital
CarWale has raised a total of $7M in funding.
Key Investors
- InnoVen Capital
- Details: InnoVen Capital is a leading venture debt provider in Asia, offering debt financing to high-growth, venture-backed companies. They have a strong presence in India, China, and Southeast Asia.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Swiggy, Byju's, OYO Rooms
- Series A Investors
- Details: The Series A round had four investors, but their identities are not publicly disclosed. These investors played a crucial role in providing the initial significant funding for CarWale's growth.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Seed Round Investor
- Details: The seed round had one investor, whose identity is not publicly disclosed. This investor provided the initial capital to help CarWale get off the ground.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
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