Hicarbyecar South Africa Secures an Eight-Digit Funding

HiCarByeCar, South Africa, Michael Zahariev, Gauteng

One of the over-flooded markets is the car selling market. The market favors those who are keen and know exactly what they want. One has to be more observant to get what they want and attain the intended profit. HiCarByeCar is a South African based startup founded in 2016. The startup was started with an aim of helping both car dealers and sales in improving their sales. It aims to achieve that by giving the sellers the highest possible profits. The company has been operating on sole basis using a unique business model. Moreover, the company’s achievement is credited to its hardworking and dedicated team although they are a small group. The group has helped the company to grow into a truly innovative service aimed at disturbing the car sales industry.

The company is an ideal platform for the middlemen. Furthermore, it offers opportunities for the dealership to make the right purchasing decisions. Dealers are also able to put their focus on the stock they want. Therefore they are able to directly make stock acquisitions from sellers. It is common that dealers tend to make more for the car that suits their choice while making orders for stock. The current market landscape makes it hard to offer a great customer experience for sellers and dealers.

The company recently announced that they have secured funding valued at an eight-figure in their latest funding round. The round was led by a renowned Swiss private-equity and venture capital investor. The company was happy to have the backing of their international partners. The partners have shown their dedication to ensuring that the business grows further. This is according to founder and CEO of Michael Zahariev.

HiCarByeCar is planning to use the funding to help it in expanding fully across Gauteng region. It hopes to go globally later on after expansion in Gauteng region.


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Written by Denis Opudo

Am an engineer who's a tech blogger, hit me up on [email protected] and we base our discussion on technology in Africa and the rest of the world.
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