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11 May 2017

Business Live

Car-buying service secures funding from Nasdaq Stockholm-listed Vostok New Ventures

Car-buying service CarZar.co.za has secured $1.5m in funding from Nasdaq Stockholm-listed Vostok New Ventures in a move that will boost the company’s expansion plans.

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09 May 2017

TechMoran

Silvertree-backed CarZar raises funding from Gett & BlaBlaCar investor Vostok New Ventures to beef up its operations

Silvertree Capital-backed online auto bazaar, CarZar.co.za, which was founded in 2016 has raised undisclsoed funding from the $725m Sweden-listed investment firm Vostok New Ventures, the firm behind Avito, Russia’s leading online classifieds company,  BlaBlaCar, a leading long-distance ride sharing service; Gett, an on-demand taxi hailing service available in Israel, Russia, UK and New York City; babylon, a leading AI-driven digital healthcare company, and many more.

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South African venture capital firm Silvertree Capital has invested in local startup CarZar.

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