{"id":173747,"date":"2017-05-08T14:22:33","date_gmt":"2017-05-08T12:22:33","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=173747"},"modified":"2017-05-08T14:22:33","modified_gmt":"2017-05-08T12:22:33","slug":"sa-tech-startup-carzar-scores-global-funding","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/173747\/sa-tech-startup-carzar-scores-global-funding\/","title":{"rendered":"SA tech startup CarZar scores global funding"},"content":{"rendered":"<p>South African tech-startup, CarZar.co.za has drawn investment from Nasdaq-listed firm, Vostok New Ventures.<\/p>\n<p>The group did not disclose how much funding it received.<\/p>\n<p>According to CarZar, the Vostok New Ventures investment is part of larger funding round, after the startup proved its economic viability to its funders.<\/p>\n<p>The\u00a0local startup is\u00a0also backed by Silvertree Capital, the South-African based venture capital firm behind price comparison site PriceCheck, and online bottle store, CyberCellar.<\/p>\n<p>CarZar is also backed by a third undisclosed UK-based investor focusing on emerging markets.<\/p>\n<p>CarZar is an online car buying service for the second hand auto-trade industry in South Africa. The service works by linking sellers to potential buyers, and dealing with all the paperwork.<\/p>\n<p>MD, Fernando Pineiro, said the investment from Vostok will allow the company to focus more on improving customer experience,boost marketing, and to recruit a bigger team.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a title=\"Permalink to The cost of owning a car in South Africa is about to get a whole lot more expensive\" href=\"https:\/\/businesstech.co.za\/news\/finance\/170481\/the-cost-of-owning-a-car-in-south-africa-is-about-to-get-a-whole-lot-more-expensive\/\" rel=\"bookmark\">The cost of owning a car in South Africa is about to get a whole lot more expensive<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African tech-startup, CarZar.co.za has drawn investment from Nasdaq-listed firm, Vostok New Ventures.<\/p>\n","protected":false},"author":10,"featured_media":138509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[25,11893],"class_list":["post-173747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-active","tag-carzar-co-za"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/173747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=173747"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/173747\/revisions"}],"predecessor-version":[{"id":173759,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/173747\/revisions\/173759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/138509"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=173747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=173747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=173747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}