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DateInvestorsAmountRound
N/A

$875k

Seed

$30.0m

Late VC
Total Funding€28.1m

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myTukar.com is a Malaysian-based platform that revolutionizes the process of selling used cars. The company primarily serves individual car owners looking to sell their vehicles quickly and efficiently. Operating in the automotive market, myTukar.com offers a seamless experience by providing services such as mobile inspections, where an inspector visits the seller's location, and mobile handovers, which include the transfer of ownership and collection of the vehicle. The business model is straightforward: myTukar.com charges a fee of RM500 for every successfully bided car upon handover. Additionally, they offer a mobile inspection service for RM100 per vehicle. The company makes money through these service fees and aims to provide up to 25% higher trade-in values for used cars compared to traditional methods. Clients benefit from a hassle-free process, quick transactions, and higher returns on their used vehicles.

Keywords: used cars, trade-in value, mobile inspection, ownership transfer, Malaysia, automotive market, service fees, quick transactions, hassle-free, higher returns.