Carwale raises $7mn from Sierra Ventures
Carwale has raised $7mn from Sierra Ventures – 
and the funding will be used to fuel it’s growth strategy including, expanding sales distribution, marketing, and continuing investment in product activities.
Carwale offers consumer focused service that includes content and tools for research, pricing/comparison and marketplace information and makes money via lead generation.
Carwale raised seed fund from SeedFund (which is also a partner of Sierra Ventures).
Have you used CarWale’s service? Any feedback you would like to share?
Sierra Ventures earlier invested in MakeMyTrip.
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I like Carwale , but magazines like Autocar already have great websites, with a thriving community. They conduct original road tests and have an expert staff.
I would have liked to see a Bike Wale, where they can tap into the huge volumes at play in sub 150cc segment.
If I wanted to buy a used car, I would probably go to a My TVS which owns workshops and conduct the checks themselves. Car Wale can perhaps enter this segment – by offering independent sellers a certification from their workshop.
Nevertheless, congratulations to the team and wishing them success.
Vivek,
Thanks for the kind words.
CarWale.com does test cars. We have a standard road test procedure and our road tests are as comprehensive as any other magazines’. I would appreciate if you have a look at our roadtests and give your honest feedback.
http://www.carwale.com/research/roadtests/