Carprice

CarPrice Limited is an online used car broker and auctioneer headquartered in Moscow, Russia, with more than 50 offices in 23 large Russian cities. The company was founded in 2014 by Eduard Gurinovich and Oskar Hartmann. In October 2016 Denis Dolmatov became CEO of the company.[1]

CarPrice
Limited company
IndustryAutomotive industry
FoundedJune 2014
Headquarters
Moscow
,
Russia
Websitehttps://www.carprice.ru/

In 2015 CarPrice was mentioned as one of the "hottest European startups" by Wired UK.[2] In February 2016 the company opened an office in Japan.[3][4]

Principle of operation

CarPrice's business model for individuals consists of three steps:

  1. Free valuation of the car on the website. CarPrice's online calculator estimates the approximate value of the used based on parameters including model year, mileage, and equipment and relevant data including completed auctions and current market conditions.
  2. Scheduling an appointment at the inspection center.
  3. Placing the car in a 30-minute online auction. If the client is satisfied with the final bid, they can immediately sell their car and receive cash.

If the client agrees to sell the car, CarPrice delivers it to the dealer who won the auction.

Investments

As of September 2015 CarPrice has closed three investment rounds and received $46 million. According to public information on the company's website and mass media,[5][6][7][8] funding rounds were closed by Russian and European venture funds, such as Baring Vostok Capital Partners,[9] E.ventures, Almaz Capital and others.[10][11][12][13] According to media reports, this deal was the largest investment in the Russian technology start-up since the beginning of economical and financial crisis in 2014.[14][15] CarPrice was named "Deal of the Year" by Venture Awards Russia 2015.[16]

In June 2017 Mitsui acquired a 25% stake in CarPrice's Japanese office.[17]

gollark: Nominally, 37383948 things. Practically not much.
gollark: Projective geometry is hard, so we've decided to drop projection and directly dump 3D space into the user's mind.
gollark: In enough detail to implement?
gollark: Plausibly.
gollark: Isn't the protocol not open?

References
  1. "Основатель CarPrice покинул пост гендиректора". РБК. Retrieved 2017-07-07.
  2. "WIRED's 100 Hottest European Startups 2015: Moscow is still leading bright thinking around startup culture, despite the economic crisis". Wired UK. Retrieved 2015-09-21.
  3. "Российский сервис по продаже подержанных автомобилей CarPrice открыл офис в Японии". vc.ru. Retrieved 2016-03-11.
  4. "中古車の買取オークション | カープライス【CarPrice】". www.carprice.co.jp (in Japanese). Retrieved 2016-03-11.
  5. "Almaz Capital, Fastlane Ventures and e.Venture invested $2 million in CarPrice.ru - FinancePlus". Retrieved 2015-09-21.
  6. "Almaz et al. invest $2m in CarPrice". Retrieved 2015-09-21.
  7. "Baring Vostok and Almaz lead $40m series-B for CarPrice". Retrieved 2015-09-21.
  8. "CarPrice Secures $40M in Series B Funding Round". Retrieved 2015-09-21.
  9. "Baring Vostok lead investor in $40m funding for Russian car broker - EmergingMarkets.me". Retrieved 2015-09-21.
  10. "Russia's CarPrice Captures $40 million During Series B Funding Round". Crowdfund Insider. Retrieved 2015-09-21.
  11. "Russia's CarPrice raises $40 million". Retrieved 2015-09-21.
  12. "Russian online car broker CarPrice revs up $40 mln Series B". Archived from the original on 2017-02-08. Retrieved 2015-09-21.
  13. "Russian online used car broker CarPrice raises $40M". Retrieved 2015-09-21.
  14. "Dribbling Crisis, CarPrice Secures Huge Investment". Archived from the original on 2015-10-01. Retrieved 2015-09-21.
  15. "Russian CarPrice Gets Huge Investment - KnowTechie". Retrieved 2015-09-21.
  16. "12 победителей Venture Awards Russia 2015". Firrma.ru. Retrieved 2015-12-07.
  17. "В CarPrice перегнали инвестиции из Японии". Kommersant (in Russian) (109). 2017-06-21. p. 10. Retrieved 2017-07-07.

• Official website

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