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UAE-based Carasti set to launch in Saudi Arabia after raising $2m

RIYADH: The UAE-based car subscription service, Carasti, has raised $2 million in a bridge round funding by venture firms Net Ventures and Rua Growth. Providing its customers with a range of new and used cars on a monthly fee, Carasti is planning its launch in the Kingdom as it prepares for another series A round. “I’ve been visiting and doing business in Saudi Arabia for many
Saudi Arabia Ar Riya Claudio Esposito Aiardo Inet Ventures Al Ahsa Al Kharj

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The SME Story: Claudio Esposito-Aiardo, co-founder and CEO of Carasti

The SME Story: Claudio Esposito-Aiardo, co-founder and CEO of Carasti 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Dubai-headquartered car subscription startup, Carasti, recently secured $3m in funding What is the concept behind Carasti? Cars were designed to provide us with additional freedom in our everyday life – but with multiple disjointed services to deal with, such as bank loans, insurance, dealerships, ...
Saudi Arabia United Arab Emirates Rua Growth Fund Inet Ventures சவுதி அரேபியா ஒன்றுபட்டது அரபு அமீரகங்கள்

Dubai-based Carasti allows customers to rent new cars for up to two years

SHARE Dubai-based car subscription start-up Carasti launched a new service allowing customers to rent new cars for 12 and 24 months, without the financial commitment of owning a vehicle. The rollout of the new service and expansion of the company follow the raising of $3 million in pre-Series A funding round last month that was led by Net Ventures with participation from Rua Growth Fund. “There are no hidden costs, no extra fees and no financial surprises. We simply don’t believe that you s...
Saudi Arabia United Arab Emirates Claudio Esposito Aiardo Michael Menary Rua Growth Fund Global Automotive Executive

UAE- Carasti raises $3m pre-Series A investment round

(MENAFN - Khaleej Times) Carasti, a Middle East car subscription app, has announced a successful $3 million pre-Series A investment round. The round, which was oversubscribed, was led by Net Ventures with participation from Rua Growth Fund, as well as a number of other undisclosed investors. The new investment will allow the company, which currently operates in the UAE, to implement its plans for regional expansion, starting with Saudi Arabia later in 2021. The successful pre-Series A fundin...
Saudi Arabia Ben Neve Khaldoon Tabaza Claudio Esposito Aiardo Michael Menary Rua Growth Fund
Source: menafn.com

Carasti raises $3 million in pre-Series A

Carasti raises $3 million in pre-Series A UAE-based car subscription platform, Carasti, has raised a $3 million pre-Series A funding round, led by Net Ventures with participation from Rua Growth Fund, as well as several other undisclosed investors. Founded in November 2019, the startup offers a “car as a service” monthly subscription platform, enabling its users to hire a car for up to 24 months.   Carasti claims to have registered a triple-digit quarter-on-quarter revenue growth since th...
Saudi Arabia Ben Neve Khaldoon Tabaza Claudio Esposito Aiardo Michael Menary Rua Growth Fund
Source: wamda.com

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