Carmudi seeks to increase market penetration in the Philippines with fresh funds

Carmudi seeks to increase market penetration in the Philippines with fresh funds

Carmudi Philippines managing director Cholo Syquia

Rocket Internet-backed online car classifieds startup Carmudi has recently raised $10 million in funding, led by Tengelmann Ventures, with the bulk of the money going to the Philippines and Indonesia to further growth of the brand.

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