About CarSwitch
CarSwitch is a company based in Dubai (United Arab Emirates) founded in 2016 by Imad Hammad. CarSwitch has raised $9.3 million across 3 funding rounds from investors including Dubai Angel Investors, B&Y Venture Partners and Glowfish Ventures. CarSwitch operates in a competitive market with competitors including Kavak, Copart, Dubicars.com, YallaMotor and Auto Trader UAE, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Imad Hammad
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$9.3 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series A
Aug 27, 2020
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Investors
Dubai Angel Investors
& 2 more
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Employee Count
Not available
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People of CarSwitch
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Funding Insights of CarSwitch
CarSwitch has successfully raised a total of $9.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in August 2020. 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.
Investors in CarSwitch
CarSwitch has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Dubai Angel Investors, B&Y Venture Partners and Glowfish Ventures.
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Global tech firms are funded at seed and growth stages.
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Angel investments in seed-stage tech firms in Dubai are provided.
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Disruptive tech ventures are funded and built by Glowfish Ventures.
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Investor details for CarSwitch
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Investments & Acquisitions by CarSwitch
Investment portfolio details for CarSwitch
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Financial Statements - CarSwitch
Detailed financials for CarSwitch
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Carswitch Comparisons
Peer comparison for CarSwitch
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of CarSwitch
CarSwitch 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 Kavak, Copart, Dubicars.com, YallaMotor and Auto Trader UAE, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Pre-owned cars are certified, inspected, and traded online via Kavak.
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Used and salvaged vehicles are offered via an online marketplace.
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B2C used car listing platform
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Provides an online platform for listing new and used cars.
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Operates an online platform providing listings for various categories of second-hand vehicles.
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Detailed competitors of CarSwitch
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Carswitch
Complete news archive for CarSwitch
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Frequently Asked Questions about CarSwitch
CarSwitch was founded in 2016 and raised its 1st funding round 1 year after it was founded.
CarSwitch is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Imad Hammad is the current CEO of CarSwitch. They have also founded this company.
CarSwitch is a funded company, having raised a total of $9.3M across 3 funding rounds to date.
CarSwitch was founded in 2016 in Dubai, United Arab Emirates, as a marketplace in the used automotive sector. Basic car details and upfront prices are provided by sellers, followed by quality inspections conducted by certified mechanics. Verified cars are listed with warranties, and one-time show days are arranged for viewings. Paperwork is handled post-sale. Buyers search inventory and purchase through the Android app.
CarSwitch's top competitors include Kavak, Copart and Dubicars.com.
CarSwitch has 3 investors. Key investors include Dubai Angel Investors, B&Y Venture Partners, and Glowfish Ventures.