CarPriceru

CarPrice is the leading Russian online used car broker and auctioneer, being the first to develop a C2B2B business model.

CarPrice is the largest online auctioneer for second-hand cars in Russia, providing buyers with free online valuations in mere seconds. More than 4,000 dealers from across the country can then determine the best price during an average 30-minute online bidding process to complete auctions. Within a year from being set up, CarPrice became a top three Russian used car seller operating from more than 20 locations including Moscow, St. Petersburg and the regions. CarPrice achieved this position while an adverse economic environment translated into a 40% drop in new car sales in Russia. The Company intends to increase total monthly auctions from 4,000 currently to 10,000 until the end of 2015. The company's Round B was adjudged as 'Deal of the Year' by Venture Awards Russia 2015 (investors were Baring Vostok Capital Partners and Almaz Capital).