OLX record investment in Carfirst will be a massive game changer in automobile sector of pakistan. OLX invests in CarFirst to revolutionize the way cars are traded in Pakistan. This OLX investment in CarFirst can be marked as one of the biggest funding rounds in Pakistan’s startup history and will deliver the most comprehensive experience to auto buyers and sellers in the country. The combination of OLX’s largest online auto inventory and CarFirst’s hassle-free car trading services will provide buyers, sellers, and dealers with industry-leading products and services. Car sellers will be able to sell their cars through either the OLX classifieds platform or at CarFirst’s Purchase Centers. This will bring the world of online car trading together with an on-ground network of value added car services. OLX is the No.1 App in auto classifieds and one of the largest websites in Pakistan with over 7 million monthly visitors. Every day 5000+ cars are posted on OLX, with a new car posted every 2 seconds, making it the largest online auto marketplace. OLX provides an open marketplace to trade cars, bikes, auto accessories across 115 cities in Pakistan. Must Read: Uber Pakistan and Kashf Foundation partner to promote dignity at work for drivers CarFirst is a first of its kind used-car online auction and trading platform, with nationwide network purchase centers and warehouses. Car owners can sell their cars in the most secure, convenient, and transparent manner with CarFirst, while also providing its dealer network easy access to nationwide inventory through their online auction platform. “OLX has created Pakistan’s largest community of buyers, sellers, and businesses in automobile sector with more than 150,000 car listings generated every month. CarFirst is an exciting venture empowering users to cash their car hassle free and we want to fuel their expansion to facilitate OLX user in terms of ease in transaction” said Bilal Bajwa, CEO, OLX Pakistan. “This investment will bring unparalleled level of services for OLX Users & together with CarFirst we will offer the best online auto experience for individuals and Dealers in Pakistan.” “CarFirst was founded in 2016 and secured one of Pakistan’s largest round of Series ‘A’ investment from FCG”, said Raja Murad Khan, CEO and Co-Founder of CarFirst. “This new investment with OLX comes at the perfect time for us to expand operations. In the coming year, CarFirst and OLX will integrate their services to provide users top of the line experience in selling and buying used cars, including many new products and services that have never been offered before in Pakistan.” Together, OLX and CarFirst will offer comprehensive solutions for all things related to cars, such as evaluation, certification, financing, insurance, live auctions, and many more. OLX and CarFirst will collaborate to add value across the customer’s journey, improving efficiency and transparency at every milestone of the car trading process. Visit the following website for more details: https://www.carfirst.com/
CARFIRST RAISES ONE OF PAKISTAN’S BIGGEST ROUND OF SERIES ‘A’ FUNDING TO REINVENT THE HOW WE TRADE USED CARS
CarFirst, has raised one of Pakistan’s biggest round of series ‘A’ funding to reinvent the used car sales sector. Launched in late 2016, CarFirst aims to provide car sellers a safe and hassle free process to get their cars inspected and sold at fair price within an hour in which CarFirst even processes the payment. CarFirst uses an internally developed algorithm, market intelligence, and a professionally trained team to conduct inspections and valuations. Car First’sonline platform allows car owners to enter their car’s information for a free valuation, they can book an appointment at one of CarFirst inspection center for a physical inspection of their car. After the multipoint physical evaluation, which includes engine, brakes, tires and road testing, CarFirst’s team of market and technical experts guide the potential seller on the current market value of their car and make an offer to buy accordingly. CarFirst also provides a first of its kind online auction platform for used-cars in Pakistan. CarFirst’s App, provides their private network of buyers the fastest way to find the perfect car that fits their buyers’ needs. Providing fully inspected and certified cars which saves their partners the inconvenience of having to worry about any mechanical problems and feel rest-assured and secure about pre-checked paperwork. They ensure providing the safest marketplace for their partners with an extensive variety of pre-inspected used-cars from across the country. Raja Murad Khan, Co-Founder and CEO of CarFirst stated: “Our vision is to reinvent how the used car are traded in Pakistan through technology and infrastructure creation. We developed this unique model where we make this a one window solutions offering competitive prices and a very secure experience to sellers. CarFirst is making it easier to sell cars by bringing in international best practices to Pakistan. The fresh funds, raised from Frontier Car Group, which builds and runs marketplaces focused on emerging markets in the auto sector, will be used to improve CarFirst’s online buying and selling platform, which is in turn backed by Balderton Capital and New Enterprise Associates, Inc. (NEA), EchoVC, and TPG Growth.
CarFirst Launches Their Flagship Inspection Center Sell Your Car within an hour with CarFirst
Car sellers can now get their cars inspected and sold at fair price within an hour through CarFirst’s safe and hassle free process. CarFirst uses an internally developed algorithm, market intelligence, and a professionally trained team to conduct inspections and valuations. Having a total of eight inspection centers spread nationwide, CarFirst have launched their flagship inspection center at PSO Cavalry Ground, Lahore. Backed by a unique online system, CarFirst’s Inspection Centers have a team of market and technical experts which guide potential sellers on the current market value of their car and make an offer to buy accordingly. By visiting www.CarFirst.com, sellers can also get an online estimate valuation of their car. CarFirst’s inspection experts check a wide variety of aspects of a used- car, covering mechanical conditions such as engine, suspension, electrical, and body conditions such as paint, scratches, dents etc. Every minor detail is noted and analyzed before a final fair market price is quoted by the experts. CarFirst ensures transparency, from inspections to final payments and transfer of ownership. Raja Murad Khan, Co- Founder and CEO of CarFirst stated: “CarFirst is making it easier to sell cars by bringing in international best practices to Pakistan. In today’s busy schedules, people have little time to haggle and spend days trying to find buyers, thus we developed this unique model where we make this a one window solutions offering competitive prices and a very secure experience to sellers” CarFirst aims to transform the way used-cars are traded in Pakistan. CarFirst is held by the Frontier Car Group (Delaware LLC) with 80+ employees and currently operates in Karachi, Lahore and Islamabad.