Online marketplace for assured cars: Carzaty and its story - MENA startups, innovation, and tech news

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Online marketplace for assured cars: Carzaty and its story
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Online marketplace for assured cars: Carzaty and its story

About Carzaty

Carzaty provides the customers to compare, finance, buy new and used cars. Found on 1 st March 2017 the company has come a long way in a short period of time. The company comes under the automotive industry. It operates in Oman and the United Arab Emirates. Replacing the traditional showroom with a simple and transparent online experience, Carzaty offers a more affordable and stress-free way to buy cars.

Funding and Ranking

Carzaty was found in the year 2017, the total funding of the company till this year is $5.6 million. Not just that, the company ranked 45th during The Middle East’s 50 Most-Funded Startups from the Forbes list.

The plot twist

The platform, which launched operations in the UAE during summer this year, specializes in used car sales but with a twist. It uses proprietary data and market intelligence to buy specific cars, which are in demand, but scarce and likely to sell out fast. The automotive retailer also rigorously checks and reconditions the cars before selling them to end-users.

Statements

Co-founder Hassan Jaffar has stated: “Carzaty is elevating the auto retail market into the digital age, where buyers can search, compare, buy and finance cars from the comfort of their home. We are proud to have sold hundreds of cars since our launch in Oman in 2017, with hundreds of happy customers validating Carzaty’s new car buying experience.”

Co-founder Marwan Chaar elaborated: “Carzaty offers the convenience and savings that we’ve all come to expect from e-commerce with the reliability that comes from buying directly from a trusted dealership. All cars in our inventory have been reconditioned to strict quality standards and come with warranties, giving customers peace of mind.” You just have to pay attention to what people need and what has not been done."–Russell Simmons, founder of Def Jam

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