Auto portal Autoindia.com has received a round of investment from Babu Sivadasan, who was the founding Chief Technology Officer of stamps.com, and is currently serving as the EVP of Engineering at Envestnet Asset Management. Srivadasan jouns the board of directors of AutoIndia.com. The amount of investment has not been disclosed; the money will be used to expand sales across India, and add to the team. Others in the same space include Carwale (sold 30 percent stake to Seedfund), Indimoto, DriveInside, IndiaAutomobile (Bharatmatrimony Group), AutomartIndia, Bharatautomobiles, CarTradeIndia, IndiaCarInfo and Carazoo. Crowded, indeed.. What should be interesting, is if popular auto magazines in India start taking the auto classifieds segment more seriously, particularly Autocar, which does have a used car listings page.
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