Quintillion Media has exited vehicle auction marketplace operator BlueJack in an acquisition of undisclosed size by peer Shriram Automall.
Online second-hand car trading platform Shriram Automall (Samil) has acquired India-based peer BlueJack for an undisclosed sum, allowing digital media company Quintillion Media to exit, the Economic Times has reported.
Founded in 2016, BlueJack operates an online marketplace where users can sell their used vehicles remotely. It had evaluated approximately 10,000 cars and conducted 2,500 transactions, and it is set to become a fully-integrated division of Samil within the first half of this year.
The company raised $247,000 in seed…