Carsing Raises Series A Financing Round

Carsing, a Shanghai, China-based used car auction platform, raised its Series A financing round of undisclosed amount.

The round, which is still subject to standard registration and pre-closing conditions, was led by Baird Capital‘s China Growth Equity with participation from FLAG Squadron Capital and Delta Capital.

The company intends to use the funds to expand into the China’s automotive market.

Founded in 2009 by Lin Zhe, Carsing aims to improve consumers’ experiences when selling used vehicles by providing inspection services and facilitating transactions to automobile dealers through wireless mobile auctions.
It currently has 15 locations in Shanghai and Shenzhen.

FinSMEs

14/03/2015

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