Carprice


CarPrice Limited is an online used car broker and auctioneer headquartered in Moscow, Russia, with more than 50 offices in 23 large Russian cities. The company was founded in 2014 by Eduard Gurinovich and Oskar Hartmann. In October 2016 Denis Dolmatov became CEO of the company.
In 2015 CarPrice was mentioned as one of the "hottest European startups" by Wired UK. In February 2016 the company opened an office in Japan.

Principle of operation

CarPrice's business model for individuals consists of three steps:
  1. Free valuation of the car on the website. CarPrice's online calculator estimates the approximate value of the used based on parameters including model year, mileage, and equipment and relevant data including completed auctions and current market conditions.
  2. Scheduling an appointment at the inspection center.
  3. Placing the car in a 30-minute online auction. If the client is satisfied with the final bid, they can immediately sell their car and receive cash.
If the client agrees to sell the car, CarPrice delivers it to the dealer who won the auction.

Investments

CarPrice has closed three investment rounds and received $46 million. According to public information on the company's website and mass media, funding rounds were closed by Russian and European venture funds, such as Baring Vostok Capital Partners, E.ventures, Almaz Capital and others. According to media reports, this deal was the largest investment in the Russian technology start-up since the beginning of economical and financial crisis in 2014. CarPrice was named "Deal of the Year" by Venture Awards Russia 2015.
In June 2017 Mitsui acquired a 25% stake in CarPrice's Japanese office.