Carasti

Carasti, the UAE-based car subscription service, has launched operations in Riyadh, Saudi Arabia on 23rd March 2022, allowing customers to subscribe to new and used cars for between 1 and 24 months for an all-inclusive subscription fee. The announcement comes following a successful bridge round where the company raised US$2m to help them drive growth and expand operations into Saudi Arabia. The round, which comes ahead of Carasti’s Series A funding round, saw participation from Net Ventures and Rua Growth Fund.

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Carasti, a UAE-based car subscription platform, is now offering a “mini lease” option, where a user can order a brand new car for 12-to-24-month lease, with no paper contracts and home-delivered, using just the Carasti app. The company has raised a US$ 3 million Pre-Series A funding round to fuel their expansion with further such offerings.

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As millions of cars sit around unused in the midst of the global lockdown, the coronavirus pandemic may actually be a catalyst for some major changes in the way consumers “buy” cars.

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Invygo, the UAE-based car-subscription app that started almost a year ago, has signed two new partnerships to bring a whole new range of cars to their UAE customers.

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Car shopping is probably one of the most stressful activities you’ll ever undertake, thanks to the amount of money involved and the utter disdain for customers at most car dealerships. Add the generational shift towards app-based on-demand and subscription services for everything from hailing a taxi to watching TV shows, the urge to actually own a car for mobility is diminishing among certain sections of young affluent consumers. As a logical progression, now there are even car subscription services where you can sign up to use a car for a month using your smartphone, pay a monthly fee with all service and maintenance included without being locked into a multi-year lease,

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A new player in the market has entered the car-subscription arena in Dubai, offering another option to UAE residents in the way they own, rent or lease a car. 

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