The online classified car advertising service has secured $10m and will use the funds to expand its Asian activities.
Carmudi, the Germany-based classified car advertising website owned by Rocket Internet, has raised $10m in a series A round led by Tengelmann Ventures, the corporate venturing arm of retailer Tengelmann Group, and which included other, undisclosed investors.
Carmudi was launched in 2013 by Rocket Internet, the Germany-based internet-focused incubator behind Easy Taxi and fashion retailer Zalora among other startups.
The funding will be used to expand Carmudi’s classified vehicle advertising site further into Asian markets. It currently has localised 11…
