About CarsByText
CarsByText is a company based in Buffalo (United States) founded in 2021 by Raj Suchak was acquired by Xcite Automotive in June 2022.. CarsByText offers products and services including CarsByText Platform, Deposit Collection Tool, and Data Management Feature. CarsByText operates in a competitive market with competitors including AutoNation, BacklotCars, Xcite Automotive, Signal Automotive and Larry H. Miller Dealerships, among others.
- Headquarter Buffalo, United States
- Founders Raj Suchak
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Xcite Automotive
(Jun 22, 2022)
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Products & Services of CarsByText
CarsByText offers a comprehensive portfolio of products and services, including CarsByText Platform, Deposit Collection Tool, and Data Management Feature. 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.
Text-based system for buying and selling cars securely.
Tool to collect car deposits and reduce chargebacks quickly.
Feature for mining and using customer data for car sales.
Funding Insights of CarsByText
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 CarsByText
CarsByText has secured backing from 1 investor. Prominent investors backing the company include Xcite Automotive. 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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Provider of a suite of management solutions for automotive dealerships
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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 CarsByText
| 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 - CarsByText
| 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 |
Carsbytext Comparisons
Competitors of CarsByText
CarsByText 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 AutoNation, BacklotCars, Xcite Automotive, Signal Automotive and Larry H. Miller Dealerships, 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 |
New and used vehicles are offered online by AutoNation.
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| domain | founded_year | HQ Location |
B2B new car marketplace platform
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| domain | founded_year | HQ Location |
Provider of a suite of management solutions for automotive dealerships
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| domain | founded_year | HQ Location |
Dealer of cars
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| domain | founded_year | HQ Location |
Online dealer of new vehicles
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| domain | founded_year | HQ Location |
New and used cars are purchased via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 CarsByText
When was CarsByText founded?
CarsByText was founded in 2021.
Where is CarsByText located?
CarsByText is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
What does CarsByText do?
CarsByText was established in 2021 in Buffalo, United States, by founder Raj Suchak. Operations focus on the automotive sector, where online platforms are utilized to facilitate car dealership and sales processes. Services include digital tools for vehicle transactions, enabling remote buying and selling. The company serves customers primarily in the United States through its domain, carsbytext.com, emphasizing streamlined online interactions for automotive commerce.
Who are the top competitors of CarsByText?
CarsByText's top competitors include AutoNation, BacklotCars and Larry H. Miller Dealerships.
What products or services does CarsByText offer?
CarsByText offers CarsByText Platform, Deposit Collection Tool, and Data Management Feature.
Who are CarsByText's investors?
CarsByText has 1 investor. Key investors include Xcite Automotive.