About VavaCars
VavaCars is a company based in Istanbul (Turkey) founded in 2019 by Alizay Saeed.. VavaCars has raised $87 million across 2 funding rounds from investors including Vitol and Duquesne Family Office. VavaCars operates in a competitive market with competitors including Kavak, Arabam.com, Ikinciyeni, Beyaz Filo and Araba.Com, among others.
- Headquarter Istanbul, Turkey
- Founders Alizay Saeed
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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
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$87 M (USD)
in 2 rounds
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Latest Funding Round
$37 M (USD), Series C
Sep 14, 2022
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Investors
Vitol
& 1 more
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Employee Count
Employee Count
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Software Development Team
4 people
Sales and Marketing
4 people
Leadership Team
3 people
Data Analysis and Operations Team
3 people
Senior Team
3 people
Human Resources and Administration
2 people
Finance and Accounting
2 people
Customer Team
2 people
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Funding Insights of VavaCars
VavaCars has successfully raised a total of $87M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $37 million completed in September 2022. 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 C — $37.0M
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First Round
First Round
(18 Oct 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series C - VavaCars | Valuation |
investors |
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| Oct, 2021 | Amount | Series B - VavaCars | 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 VavaCars
VavaCars has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Vitol and Duquesne Family Office. 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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Founded Year | Domain | Location | |
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Oil processing, storage, and shipping services are provided globally.
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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 VavaCars
| 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 - VavaCars
| 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 |
Vavacars Comparisons
Competitors of VavaCars
VavaCars 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, Arabam.com, Ikinciyeni, Beyaz Filo and Araba.Com, 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 |
Pre-owned cars are certified, inspected, and traded online via Kavak.
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| domain | founded_year | HQ Location |
Online listing platform of used vehicles
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| domain | founded_year | HQ Location |
Online platform for second-hand car auctions, sales, inspections, and logistics services.
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| domain | founded_year | HQ Location |
Operational leasing for vehicle fleets is offered to businesses.
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| domain | founded_year | HQ Location |
Multi-category vehicles are advertised online by individuals and traders.
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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 Vavacars
Frequently Asked Questions about VavaCars
When was VavaCars founded?
VavaCars was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is VavaCars located?
VavaCars is headquartered in Istanbul, Turkey.
Is VavaCars a funded company?
VavaCars is a funded company, having raised a total of $87M across 2 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Oct 18, 2021.
What does VavaCars do?
VavaCars was founded in 2019 in Istanbul, Turkey, as an online peer-to-peer platform in the automotive sector. Cars are listed by sellers who provide vehicle details, contact information, and other specifics. Buyers are enabled to search for vehicles based on models, preferences, and features, with options to reserve them directly via the platform. Operations focus on facilitating transactions between individuals in the used car market.
Who are the top competitors of VavaCars?
VavaCars's top competitors include Kavak, Araba.Com and Arabam.com.
Who are VavaCars's investors?
VavaCars has 2 investors. Key investors include Vitol, and Duquesne Family Office.