Details

Last Funding Type

Series A

Last Funding Money Raised

$4.14M

Industries

Automotive,E-Commerce,E-Commerce Platforms,Marketplace

Founded date

Jan 1, 2013

Number Of Employee

51 - 100

Operating Status

Active

AutoSpot is a pioneering platform for buying new cars. Company use reverse marketplace model by aggregating offers from official dealers. AutoSpot connects auto dealers directly with customers, integrates dealers’ stocks online and enable customers to choose, compare and shop cars online. This service adds transparency to the process of car purchase giving customers access to a real time prices for cars and ability to get better offers without bargaining through the auction process. More than 410 auto dealers already joined the system.

AutoSpot has a dominating position in the online segment of selling a new cars in Russia which is estimated at $47 billion. By 2022, investors estimate the market share of AutoSpot at 20.5% from online sales in Russia and 5.1% of all sales.

At the moment AutoSpot sell circa 1000 new automobiles per month and continue making the platform more scalable and functionally rich including offer of financial products such as auto-loans and insurance.