Carmudi was founded in Germany only a year ago in 2013 and operating in Asia, South America and Africa. And now covering 10 countries around the world it managed to get funding of 10$ million US dollars to feed its expansion in Asia and empower its presence there.
This is a very good sign of new emerging opportunities for classifieds websites in Asia, especially if you read our latest news post about the Asian real estate classifieds raising 7$ million Carmudi, however, is more focused on the automobile market.
So, how did they get here? I can be honest with you, those two websites started with a good financial foundation, and now they’re being supported by the same German Tengelmann Group, which seem to have a vision about the Asian classifieds market.
This classifieds website is growing at an accelerating rate, and it is yet another example of how a classifieds website can be an awesome business with a lot of revenue. So why not start your own? check our software demo and pick your preferable theme.
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