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CarSingh Gets Seed Funding From Seeders Venture Capital

Online automotive classified website, CarSingh has raised initial funding from Seeders Venture Capital, reports Pluggd.in. The financial terms of the funding have not been disclosed. The site offers new and used car listings from dealers and users, in addition to user reviews and ratings, car specifications,pricing, tools like EMI calculators, car accessories and dealers discount offers. Founded in 2010, the site claims to have a monthly user base of 2 lakh and intends to expand its used car offerings.

Last month, MotorExchange, a used vehicle online marketplace also raised $13 million in a Series C funding round led by Tiger Gobal Management and returning investor Canaan Partners. German media company Axel Springer and the India Today group had together acquired a majority 70.4% stake in auto classifieds business Carwale.com, in November 2010.

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