About SK Encar
SK Encar is a company based in Seoul (South Korea) founded in 2000 was acquired by Carsales in October 2017. SK Encar has raised $126 million across 1 funding round from investors including Carsales. SK Encar operates in a competitive market with competitors including Carsales, Auctionwini, Chutcha, Mcarman and Salcapalca, among others.
- Headquarter Seoul, South Korea
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Funding Insights of SK Encar
SK Encar has successfully raised a total of $126M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $126 million completed in March 2014. 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 SK Encar
SK Encar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Carsales.
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Online listing platform for used cars
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Investor details for SK Encar
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Investments & Acquisitions by SK Encar
Investment portfolio details for SK Encar
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Financial Statements - SK Encar
Detailed financials for SK Encar
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Sk Encar Comparisons
Peer comparison for SK Encar
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Competitors of SK Encar
SK Encar 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 Carsales, Auctionwini, Chutcha, Mcarman and Salcapalca, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online listing platform for used cars
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An online platform for auctions of salvage and used cars for global buyers.
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Online platform for buying and selling used cars in South Korea.
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Mcarman is an app-based platform for listing and trading used cars.
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Online platform for querying car export possibilities using vehicle details.
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Detailed competitors of SK Encar
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Latest news on Sk Encar
Complete news archive for SK Encar
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Frequently Asked Questions about SK Encar
SK Encar was founded in 2000 and raised its 1st funding round 14 years after it was founded.
SK Encar is headquartered in Seoul, South Korea.
SK Encar is a funded company, having raised a total of $126M across 1 funding round to date.
SK Encar is an online used car listing platform. Claims to list more than 1 million cars as of August 2015. Claims to attract around 400,000 unique visitors per day on its online and mobile sites. Also has an inbuilt mobile and web auction system that allows users to participate in bids for used cars. Carsales.com purchased a 49.9 stake in SK Encar for 126M in 2014.
SK Encar's top competitors include Carsales, Auctionwini and Chutcha.
SK Encar has 1 investor. Key investors include Carsales.