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Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market
Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% are passenger cars) on its roads. According to this finding, most are used cars;…
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A third straight week of tech layoffs in the books
You thought the market was bad for venture capitalists, but what about the actual workers behind the tech companies they’ve backed? Reluctantly, we’re writing a tech layoffs roundup for the third week in a row, because once again, there have been reductions across stages and sectors. Over the past month, public and private tech companies…
Cars24, a marketplace for used cars, has laid off about 600 people just five months after closing a $400 million financing round, the latest Indian unicorn to cut its workforce…
India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation, to double down on growth
With supply chains in the automotive industry continuing to be disrupted due to COVID-19, demand has surged in the used-car market. Today, one of the startups that’s seeing a lot…