CarSwitch DMCC
Latest round
- Seed
Last raised
- Mar 2018
Total raised
- $2.3M
Investors
- 2
About CarSwitch DMCC
CarSwitch DMCC was founded in 2016 in Dubai, United Arab Emirates, as a specialized platform connecting buyers and sellers of pre-owned vehicles. The company was founded by Imad Hammad, who serves as the CEO.CarSwitch specializes in providing a streamlined platform for buying and selling pre-owned vehicles, positioning itself as a key player in the automotive e-commerce sector. The company’s core offerings include a comprehensive online marketplace that connects sellers with potential buyers, facilitating a hassle-free transaction process. Users can list their cars for sale, allowing the platform to manage inspections, valuations, and paperwork, thereby addressing common pain points associated with buying and selling cars. CarSwitch primarily targets individual car owners and buyers, enabling them to engage in a transparent and efficient trading process.The revenue model of CarSwitch is primarily based on transaction fees generated from the sales of vehicles facilitated through its platform. Customers engaging with the service typically pay a commission based on the sale price of the vehicle, which is structured to ensure both affordability for buyers and profitability for the company. The platform may also offer premium services such as enhanced listings or expedited sales processes, contributing additional revenue streams. The company is focused on enhancing its offerings and expanding into new markets within the region to increase its customer base and service efficiency.
Who invested in CarSwitch DMCC
2 investors across 2 rounds
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Questions about CarSwitch DMCC
Who invested in CarSwitch DMCC?
CarSwitch DMCC has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CarSwitch DMCC raised?
CarSwitch DMCC has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did CarSwitch DMCC last raise money?
CarSwitch DMCC's most recent round on record is a Seed, in Mar 2018.
What does CarSwitch DMCC do?
CarSwitch DMCC was founded in 2016 in Dubai, United Arab Emirates, as a specialized platform connecting buyers and sellers of pre-owned vehicles.
Where is CarSwitch DMCC headquartered?
CarSwitch DMCC is headquartered in Dubai, United Arab Emirates.
Which VCs invest in companies like CarSwitch DMCC?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back internet companies at CarSwitch DMCC's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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