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CarFirst receives Pakistan’s largest ‘Series A’ funding
CarFirst, a start-up that sells used cars on an online auction platform, has raised one of Pakistan’s biggest series ‘A’ funding (first round of financing for start-ups by private investors). The funding was provided by the Frontier Car Group (Delaware LLC) which build and operate marketplaces for used cars in emerging markets. The group is run by European entrepreneurs and investors and operate in Chile, Germany, Mexico, Nigeria, Pakistan and Turkey. Their aim is to increase efficiency of selling and buying cars in challenging environments through technology implementation.