Automotive


India car site GoZoomo closes

India car site GoZoomo closes

GoZoomo, which competed with CarTrade, CarDekho and QuikrCars in the online used-car business in India, is shutting down and returning remaining funds to investors., TechCircle reported. Based in Gurgaon, the site had raised close to $7 million so far, primarily from SAIF Partners. It was owned by Youngmonk Technologies Pvt. Ltd. CEO Arnav Kumar said the owners would get almost half of their investment back. He said...

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