The firm will use the funds to build teams and start showing the traction around car classifieds in Africa. The firm has a team of 70 spread in each country running operations. Its regional managers, and a technical team are located in Sydney, Australia and a management team in Paris, France.
With a soft launch in BurkinaFaso, Benin, Ethiopia, Malawi, Mali, Namibia, Rwanda, Somalia, Swaziland, Chad, Uganda, Zambia, the group says it has seen a big traction both on websites as well as on its social media sites with respectively more than 40,000 visits and also 45,000 Facebook likes and has reached millions of Facebook users in the last days.
“AfriCarGroup wants to connect local sellers with local buyers, either individuals and businesses,and increase the volume and sales as well as decreasing commissions and selling times,” the firm says. AfriCar Group plans to release in the next 6 months mobile applications for both Android and iOS phones, as well as new features for the daily visitors, with provisions of local languages in its markets.
“With a population planned to double in the next 30 years, Africa is the last eldorado for startups and has seen more and more interest from international VCs and investors in the past months. AfriCarGroup wants to profit from the huge growth of smartphone and internet users on the continent, with tens of millions of new users yearly,” says the founder Axel Peyriere.
Within 2 years, AfriCar Group plans to become the first car classifieds network on the continent, allowing users to trade their cars, motorbikes or trucks with users from neighbouring countries as well, which is a common trade currently already. It depends on how first they will move against Cheki and Carmudi already operating across the continent.