About Carmerce
Carmerce is a company founded in 2020. It operates as a Marketplace, and B2C. Carmerce has raised $2.3 million across 2 funding rounds from investors including Hankook Tire and SparkLabs. Carmerce offers products and services including Car Selling Service and Car Buying Service. Carmerce operates in a competitive market with competitors including Carby, Getcha and Semoprice, among others.
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Handle Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.3 M (USD)
in 2 rounds
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Latest Funding Round
$2.3 M (USD), Series A
Feb 28, 2023
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Investors
Hankook Tire
& 1 more
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Employee Count
Employee Count
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Products & Services of Carmerce
Carmerce offers a comprehensive portfolio of products and services, including Car Selling Service and Car Buying Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App-based service for evaluating and auctioning used cars securely.
Platform for proposing prices and buying used cars with guarantees.
Funding Insights of Carmerce
Carmerce has successfully raised a total of $2.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.3 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.3M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Carmerce | Valuation | Hankook Tire |
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| Sep, 2022 | Amount | Seed - Carmerce | Valuation | SparkLabs |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carmerce
Carmerce has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Hankook Tire and SparkLabs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startup growth is accelerated through focused accelerator programs by SparkLabs.
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Founded Year | Domain | Location | |
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Tires are manufactured and supplied by Hankook Tire worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carmerce
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carmerce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carmerce Comparisons
Competitors of Carmerce
Carmerce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carby, Getcha and Semoprice, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based B2C marketplace for imported cars
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| domain | founded_year | HQ Location |
App that provides an auction-based marketplace for new cars
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| domain | founded_year | HQ Location |
App for obtaining quotes on new cars and aftermarket services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Carmerce
When was Carmerce founded?
Carmerce was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Is Carmerce a funded company?
Carmerce is a funded company, having raised a total of $2.3M across 2 funding rounds to date.
What does Carmerce do?
Carmerce operates an online platform that enables users to buy and sell used cars via app evaluations, auctions, and non-contact negotiations. It ensures high prices for sellers without depreciation and allows buyers to propose prices based on their budget. Located in Yongin-si, South Korea, the service focuses on safe, efficient transactions for individual customers, including performance guarantees.
Who are the top competitors of Carmerce?
What products or services does Carmerce offer?
Carmerce offers Car Selling Service and Car Buying Service.
Who are Carmerce's investors?
Carmerce has 2 investors. Key investors include Hankook Tire, and SparkLabs.
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