Pre-Owned Luxury Car Startup ‘Fine Listings’ Raises Undisclosed Funds From Justdial Co-Founder
Fine Listings, a pre-owned luxury car startup, has recently raised an undisclosed amount, based on a current valuation of Rs. 7.5 crore ($ 1 million) from Justdial Co-Founder V Krishnan.
As per the startup, it will use the funds to create a strong tech foundation, expand their service vertical and strengthen the inspection process to further make the process for buying used luxury cars in India a smooth experience.
The startup also plans on utilising the funds to launch two sub-brands, i.e. Fine Listings Assure and Fine Listings Select.
Fine Listings Assure will provide in-house engine, transmission and mechanical warranty on used luxury cars for up to 1 year, and Fine Listings Select will provide handpicked highest quality used luxury cars.
Started by Aneesh Mathur and Arjun Singh Rajput, the startup aims to carve a niche for itself in India’s used car market by providing a unique, smooth and personalised experience to both buyers as well as sellers of used luxury cars.
Talking about the company’s vision, Aneesh Mathur, Co-founder of Fine Listings, said,
“The vision is to become India’s most favoured marketplace for the multi-brand luxury car segment. The luxury automotive demand is going to be massive in the next five years. Expanding and scaling up is a challenging yet exciting opportunity.”
Fine Listings has already sold cars worth Rs 40 crore across 15 cities through its digital platform. And in October 2020, the startup opened its first physical store at Ambience Mall in New Delhi.
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