Bangalore-based software maker Logix Microsystems has launched its car portal, Carazoo.com, catering to the needs of car buyers/sellers, car makers, dealers, financiers, insurance providers and car accessory suppliers. The Rs 33 crore company has invested around Rs 6 crore on the portal. [via Business Standard]
The site currently offers information on cars of 17 makes, in 77 models and 300 variants. Second-hand cars can also be purchased. Logix has currently tied up with 38 dealers in South India and 12 in West.
Rival Web sites include Carwale, in which Seedfund has picked up 30 percent stake, AutoIndia, Indimoto, DriveInside, IndiaAutomobile (Bharatmatrimony Group)AutomartIndia, Bharatautomobiles.