VavaCars Raises $37M in Series C Funding
- VavaCars, a Istanbul, Turkey-based online trading platform for buying and selling used cars, closed its $37m Series C funding round
- A combination of existing and new investors participated, alongside founding investor, Vitol
- The funding will be used to consolidate the company’s market leading position in Turkey
- The company is a reseller of used cars operating in close partnership with fuel retailer Petrol Ofisi
- In addition, there is a 14-day money-back guarantee and a 3-month warranty to ensure consumers are satisfied with their purchase
- In the first half of 2022, the company sold more than 20,000 cars and generated in excess of $500m in revenue
