About CARSTAR
CARSTAR is a company based in Salt Lake City (United States) founded in 1989 was acquired by Driven Brands in October 2015.. CARSTAR offers products and services including Auto Collision Repair, Paintless Dent Repair, 24/7 Accident Assistance, Fleet Services, and Hail Damage Repair. CARSTAR operates in a competitive market with competitors including Driven Brands, RepairPal, YourMechanic, Meineke Car Care and CarDash, among others.
- Headquarter Salt Lake City, United States
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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 Carstar, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$500 K (USD), Grant
Jun 01, 2018
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Investors
Driven Brands
& 1 more
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Employee Count
Employee Count
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Acquired by
Driven Brands
(Oct 22, 2015)
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Products & Services of CARSTAR
CARSTAR offers a comprehensive portfolio of products and services, including Auto Collision Repair, Paintless Dent Repair, 24/7 Accident Assistance, Fleet Services, and Hail Damage Repair. 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.
Repairs vehicles after accidents using certified technicians.
Removes small dents without painting for cost savings.
Provides round-the-clock support for accident-related issues.
Handles collision repairs for commercial vehicle fleets.
Restores vehicles affected by hail and weather damage.
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Funding Insights of CARSTAR
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $500,000
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Grant - CARSTAR | Valuation |
investors |
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| Jun, 2008 | Amount | Debt – Conventional - CARSTAR | Valuation |
investors |
| 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 CARSTAR
CARSTAR has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Driven Brands and Five Points Capital. 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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U.S. lower middle market investments are managed by the firm.
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Founded Year | Domain | Location | |
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Aftermarket automotive services are franchised across the United States.
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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 CARSTAR
| 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 - CARSTAR
| 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 |
Carstar Comparisons
Competitors of CARSTAR
CARSTAR 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 Driven Brands, RepairPal, YourMechanic, Meineke Car Care and CarDash, 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 |
Aftermarket automotive services are franchised across the United States.
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| domain | founded_year | HQ Location |
Auto repair estimates and vetted mechanic directories are offered online.
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| domain | founded_year | HQ Location |
On-demand vehicle maintenance and repairs are provided via mobile platform.
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| domain | founded_year | HQ Location |
Automotive repair and maintenance services are provided for vehicles nationwide.
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| domain | founded_year | HQ Location |
Online marketplace for car repair services
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| domain | founded_year | HQ Location |
Auto repair, glass replacement, and fleet maintenance services are provided.
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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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Latest news on Carstar
Frequently Asked Questions about CARSTAR
When was CARSTAR founded?
CARSTAR was founded in 1989 and raised its 1st funding round 19 years after it was founded.
Where is CARSTAR located?
CARSTAR is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of CARSTAR?
Debbie Starrman is the current CEO of CARSTAR.
What does CARSTAR do?
CARSTAR was founded in 1989 and is headquartered in Salt Lake City, United States. Operations focus on the automotive repair sector, where collision repair, mechanical services, and maintenance for vehicles are provided through a network of locations. The company serves customers across the U.S., with leadership directed by CEO Debbie Starrman. Services encompass bodywork, painting, and parts replacement, accessible via the domain carstar.com.
Who are the top competitors of CARSTAR?
CARSTAR's top competitors include RepairPal, Driven Brands and ServiceUp.
What products or services does CARSTAR offer?
CARSTAR offers Auto Collision Repair, Paintless Dent Repair, 24/7 Accident Assistance, Fleet Services, and Hail Damage Repair.
Who are CARSTAR's investors?
CARSTAR has 2 investors. Key investors include Driven Brands, and Five Points Capital.