Thai auto marketplace SiamCarDeal raises $300k from 500 TukTuks

Thai auto marketplace SiamCarDeal raises $300k from 500 TukTuks

Photo: Reuters

Thailand-based auto marketplace SiamCarDeal has received $300,000 in seed funding from 500 TukTuks, the local unit of US-based venture capital fund 500 Startups, as well as from angel investors, according to a statement.

The company intends to add more services and also support the used cars market this year. The platform will help showrooms improve their overall efficiency and increase sales volume, co-founder Damien Kerneis said.

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