CARiD, a Cranbury, NJ-based company which specialises in e-commerce platform specializing in car parts and accessories, raised $35M in funding.
Fifth Star, Inc., an operator of consumer and consumer-adjacent technology businesses, acquired a majority stake in CARiD.
The company intends to use the funds for:
- Expansion of Product Offerings
- Technological Advancements
- Customer Service Excellence
- Competitive Pricing
Founded in 2008, CARiD provides comprehensive and user-friendly platforms for automotive parts and accessories. Offering an extensive selection of products across various categories, the company caters to all automotive needs, from everyday drivers to car enthusiasts and professional mechanics. CARiD’s customer service includes expert advice and personalized support.
FinSMEs
08/03/2024