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CarSingh.com gets the First Round of Funding
CarSingh.com gets the First Round of Funding
By: iMedia News Bureau

CarSingh.com, with traction of more than two lakh users per month has raised its first round of funding from Seeders Venture Capital Pvt Ltd.

The portal enables the users to buy and sell used and new cars along with various research tools, car pricings, car accessories and dealers’ discount offers. It was launched in 2010 by Rohit Singh. 

As per the company, this funding will help them scale up in terms of technology and work towards a better system to provide effective service to the costumers.

Seeders Venture Capital’s other investments include CropEx Technology Solutions and Eduora.com. They mainly fund software, mobile, web services and gaming companies which offer differentiating products or services. Before funding the company they check the project’s ability to scale up, both technically and from a market perspective.

CarSingh is also working to organize automobile after-sale market that is still one of the most unorganized sector in India. In shorts, it’s building one-stop destination for used car related market.

Other automotive portals in India include eBay Motors, Autojunction.com, Autoindia.com, Carazoo.com and Zigwheels.com.