Tag: 25m

Carmudi secures $25m fund for Asia, Latin America operations

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article image MONITORING REPORT ISB: Carmudi, a leading car classified site backed by Rocket Internet, has raised $25 million to strengthen its operations in Asia and Latin America. Investors include Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, Holtzbrinck Ventures, Tengelmann Ventures, and a division of international multi-sector retailer Tengelmann Group. Launched in October 2013, Carmudi has rapidly scaled up to 20 countries, seven of which are in Asia (…Read More