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Carma logo — Buy pre-loved cars online.

Carma

Buy pre-loved cars online.

Founded 2021 Australia Australia 93 employees Series A Total: $103.00M E-Commerce, Finance +1

General Information

Company Name Carma
Founded Year 2021
Location Australia Australia
Employees 93
Industries E-Commerce, Finance, Automotive
Funding Stage Series A
Social

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About Carma

Carma is an Australia-based startup with the slogan "Buy pre-loved cars online." Launched in 2021, it operates as a fully digital used car dealership, providing customers with a broad selection of high-quality pre-owned vehicles at fixed prices, with home delivery. The company ensures the quality of each vehicle through an in-house inspection and reconditioning process, as well as warranties and a 7-day, no questions asked returns policy. One of its key value propositions is the ability for customers to complete the online checkout process in under 10 minutes, with integrated and instantly approved financing. Backed by an ambitious team, the latest technology, first-class customer service and a state of the art test facility, Carma aims to revolutionize the car buying experience, making it hassle-free and convenient.

The startup recently secured a $75.00M Series A investment on 11 May 2022, attracting a diverse group of investors including Five V Capital, General Catalyst, Entrée Capital, Avemir Growth Capital, and Terrace Tower Group. This significant investment speaks to the confidence these renowned venture capital firms have in Carma's business model, technology, and growth potential. The company operates in the E-Commerce and Finance industries, capitalizing on the shift towards online car buying and the increasing demand for digital financing solutions in the automotive sector. With its headquarters in Sydney, Australia, Carma is well-positioned to tap into the thriving Asia-Pacific market and beyond. This latest investment is expected to fuel the company's expansion efforts, enabling it to further enhance its market presence and customer offering.

Business keywords: digital used car dealership, pre-owned vehicles, fixed prices, home delivery, quality assurance, in-house inspection, reconditioning process, warranties, returns policy, online checkout, integrated financing, ambitious team, latest technology, test facility

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $75.00M 5
Five V Capital General Catalyst Entrée Capital
Five V Capital, General Catalyst +3
11 May 2022
Seed Round $28.00M -
06 Dec 2021

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Carma Alternatives & Competitors

Carma vs
CarDoor
CarDoor Canada

100% Online Car Shopping. No Dealership Required! Buy, Trade & Finance Online. We Deliver.

Seed
19 employees
E-Commerce, Retail
Compare Carma vs CarDoor
Carma vs
Clicars
Clicars Spain

Clicars, compañía española líder en venta de coches reacondicionados Más garantías que usado, más b...

Seed
382 employees
E-Commerce, Automotive
Compare Carma vs Clicars

FAQ About Carma

Buy pre-loved cars online.
Carma was founded in 2021.
Carma is headquartered in Australia.
Carma operates in E-Commerce, Finance and Automotive. Its work centres on digital used car dealership, pre-owned vehicles, fixed prices and home delivery.
Carma has approximately 93 employees.
Carma has completed 2 funding rounds, raising a total of $103.00M. The latest funding stage is Series A.
Top alternatives and competitors to Carma include CarDoor, Clicars. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Carma and CarDoor are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Carma, https://www.bouncewatch.com/company/carma, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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