CarPrice Secures $40M in Series B Funding Round
Summary
CarPrice, a Russian online used car broker and auctioneer, closed $40m Series B funding.The round was led by Baring Vostok Private Equity Fund V, with additional participation from Almaz Capital and other investors.Led by CEO Eduard Gurinovich, co-founder and key investor Oskar Hartmann, CarPrice is a C2B online auctioneer for second hand cars.More than 1,000 dealers from across Russia determine the best competitive price during an average 30 minute online bidding process to complete the auction.When the offered price is accepted by sellers, they collect the amount due to them in CarPrice outlets.
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