Trasporti
VavaCars raises $37m in Series C to fuel its success in Türkiye
Since launch in April 2019 in Turkiye, where it operates in close partnership with the leading fuel retailer, Petrol Ofisi, VavaCars is Turkiye's leading reseller of used cars. In the first half of 2022, VavaCars sold more than 20,000 cars and generated in excess of $500m in revenue.
VavaCars is the pioneer of fully online second-hand car sales in Türkiye. It sells both to dealers via its proprietary auction platform and direct to consumers. Consumers benefit from fully inspected and reconditioned cars which are delivered to the consumer's home for free. In addition, there is a 14-day money-back guarantee and a 3-month warranty to ensure consumers are satisfied with their purchase.
: "We have reimagined the way consumers can buy or sell a car in Türkiye, giving our customers complete peace of mind. We want everyone to be able to buy or sell their car easily, swiftly and without worry. VavaCars is proud to be a business that was born in Türkiye and has successfully brought over $100m in foreign direct investment to the country. This funding round will enable us to sustain our growth and continue innovating on behalf of our customers. This will be our last funding round before achieving profitability"
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