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Carro was co-founded in 2015 by Aaron Tan and his Carnegie Mellon University classmates Aditya Lesmana and Kelvin Chng. [2] [3]In 2016, Carro received $5.3 million in a series A funding round led by Venturra Capital and other investors including Golden Gate Ventures, Alpha JWC and GMO Ventures. [4]
In 2019, the company started offering verified used cars where the company offered a buyback guarantee on the vehicles verified by inspection. [9] The company operates 202 branches across 73 cities in India as of 2019. [10] Apart from its own branches, the company has a tie-up with more than 10,000 channel partners across 230 cities in India. [8]
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
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An online store may also be called an e-web-store, e-shop, e-store, Internet shop, web-shop, web-store, online store, online storefront and virtual store. Mobile commerce (or m-commerce ) describes purchasing from an online retailer's mobile device-optimized website or software application ("app").
The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October.
Founded in 1964, the Federation of Automobile Dealers Associations (FADA), is the apex national body of Automobile Retail Industry in India engaged in the sale, service and spares of 2- and 3- Wheelers, Passenger Cars, UVs, Commercial Vehicles (including buses and trucks) and Tractors. FADA India represents over 15,000 automobile dealerships ...
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