“The funding will be crucial in boosting our operations in Asia and Latin America,” company co-founder and global managing director Stefan Haubold said in a statement. “Our goal is to be the number one car classified platform in all our markets. There are over 300 million active Internet users that we are aiming to tap into in these markets.”
Carmudi was launched in October 2013 and now has presence in 20 countries. In the Philippines, the platform officially started in January 2014.
At present, Carmudi said they have recorded listing of over 300,000 vehicles globally.
Recently, Carmudi expressed optimism on their growth prospects in the Philippines due to sustained expansion in automotive sales.
“We are excited for the local automotive industry as sales remain resilient and steady,” Subir Lohani, Carmudi Philippines managing director, said.
Last year, local automotive sales grew 30 percent last year to 234,747 from 2013.
“Thirty percent is a bigger number in terms of inclusive growth. One thing I can tell for sure is that the Philippines is a major key market for Carmudi’s growth,” Lohani said.
PLDT presently has a 6.1 stake in the Rocket Internet group.
InterAksyon.com is the online news arm of TV5, which is also part of the PLDT group.
source: interaksyon.com
