Tracxn - Second Hand Goods Startup Landscape

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Second Hand Goods - Mar 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on March 14, 2019.
Second Hand Goods Feed Summary
4
Second Hand Goods > Feed Summary
Second Hand Goods covers companies dealing with buying and selling of pre-owned or used goods
• Inclusions: The feed includes companies dealing in
pre-owned and used consumer products across the
categories such as beauty, fashion, home
improvements, electronics, collectibles, books, sports,
and non-commercial automobiles. It also includes
enablers facilitating re-commerce.
• Exclusions: The feed excludes the companies
operating in the buying and selling of used healthcare
products, industrial equipment, real estate trading and
all offline players.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$8.2B
Funding
32
Mega
Companies
6022541
FundedCovered on
Tracxn
8
Unicorns
28
Soonicorns
38
Minicorns
18
IPO’d Cos
188
Late Stage Cos
60
126
Acquisitions
631
DeadPooled
3
Acquihired
Series A+ Cos
RumbleOn
(2016, Charlotte)
Letgo
(2015, New York City, $625M)
The RealReal
(2011, Tiburon, $288M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Second Hand Goods
5
$150M - Series D
Letgo (2015, New York City, $625M)
$87.5M - Series D
Poshmark (2011, Menlo Park, $203M)
$146M - Series G
Vroom (2013, New York City, $447M)
$85M - Series C
Carousell (2012, Singapore, $12.7M)
$115M - Series G
The RealReal (2011, Tiburon, $288M)
$76M - Series F
$110M - Series C
CarDekho (2007, Jaipur, $292M)
$75M - Series C
$100M - Series D
$71M - Series D
Shift Technologies (2013, San Francisco,
$183M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Second Hand Goods > Feed Summary > Investment Trend Summary
Seed FJ Labs (#9), Frontier Digital Ventures (#6), SV Angel (#2)
Series A/B FJ Labs (#7), Accel Partners (#7), Sequoia Capital (#3)
Series C+
GGV Capital (#2), Warburg Pincus (#2), Tiger Global Management
(#2)
Incubators 500 Startups (#13), Y Combinator (#8), Rocket Internet (#7)
Other Notable
Investors
Kima Ventures (#4), 91springboard (#2), Allen & Company (#2)
Debt Investors InnoVen Capital (#4), Hercules Capital (#3), Trifecta Capital (#3)
Most Active InvestorsRecent Investments
339
445
263
64
18 2
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 130 141 94 91 87 12
$4.6B
$1.4B
$1.2B
$409M
$149M
US
India
Europe
SEA
Latam
$ Funding
$216M
$848M
$1.8B
$1.1B $1.B
$1.3B
$862M
48
2014 2015 2016 2017 2018 2019*
$ Funding # Rounds

Summary of exit outlook in Second Hand Goods
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Naspers 2
Avito (2007, Moscow, $125M)
Dubizzle (2005, Dubai)
GGV Capital 2
OfferUp (2012, Bellevue, $370M)
Reebonz (2009, Singapore, $84.7M)
Kinnevik 2
Quikr (2008, Bangalore, $370M)
Comcast Ventures 2
Half (1999, San Jose, $17M)
Allen & Company 2
TrueCar (2005, Santa Monica, $270M)
Dec 2018 Stadium Goods Acq by Farfetch for $250M
Jul 2016 AutoTrader.ca Acq by Thoma Bravo for $1.2B
Oct 2015 Avito Acq by Naspers for $1.2B
Aug 2014 Cars.com Acq by Gannett for $1.8B
Jun 2014 CarsDirect Acq by KKR for $1.1B
Mar 2006 Trade Me Acq by Fairfax Media for $466M
Jun 2000 Half Acq by EBay for $374M
Second Hand Goods > Feed Summary > Exit Outlook Summary
EBay 7
Half (Jun 2000, $374M), Tradera (Apr 2006, $48M), Rumgr (Oct
2014)
Fairfax Media 3
Trade Me (Mar 2006, $466M), CountryCars (May 2007),
Carsales (Jun 2005)
Axel Springer SE 2 Yad2 (May 2014, $229M), La Centrale (Jun 2014, $98.1M)
Schibsted Media
Group
2 DoneDeal.ie (Sep 2011), Shpock (Sep 2015)
Naspers 2 Avito (Oct 2015, $1.2B), Olx (Aug 2010)
Recent IPOs Top Acquisitions
Carvana Apr 2017
Online dealer of used-cars
IPO MCap: $2B
Auto Trader Mar 2015
Online used car listing platform & new ca…
IPO MCap: $2.8B
TrueCar May 2014
Auto listing platform providing car prici…
IPO MCap: $639M
iCarAsia Nov 2012
Network of online automotive sites in Asi…
IPO MCap: $29.1M
Mercari Jun 2018
P2P mobile first marketplace for multi-ca…
IPO MCap: $3.7B
Reebonz Oct 2017
Online consignment platform for pre-owned…
IPO MCap: -
CarGurus Oct 2017
Online new/used car buy and sell platform…
IPO MCap: $1.7B
Cars.com May 2017
Research,Buy and Sell new and used cars .…
IPO MCap: -

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.
FACTSHEET
Funding data excludes Debt, Grants & Post-IPO rounds.
Excludes all details for Chinese companies.
Feed Report - Second Hand Goods - Mar 2019
Marketmap: Second Hand Goods
Overview
Companies 2541
Funded 602 Series A+ 188
Funding $8.2B Last 2 yrs $2.3B
Most Active Investors
Seed FJ Labs (9)
Series A/B FJ Labs (7)
Series C+ GGV Capital (2)
Others Kima Ventures (4)
Incubators 500 Startups (13)
Top Cities
Bay Area 109 Cos $1.4B
New York City 74 Cos $1.2B
Feed in Numbers
Unicorns 8 Soonicorns 28
Minicorns 38 Editor Picks 135
Acquihired 3 Deadpooled 631
Top Companies
RumbleOn (2016, Charlotte)
Exits
IPOs 18 Mercari, Auto Trader
Acquisitions 126 Cars.com , AutoTrader.ca
Top Acquirers EBay, Fairfax Media
CLASSIFIEDS
OUTRIGHT BUY
ELECTRONICS
MULTI-CATEGORY
AUTO
ENABLERS
CARS
REFURBISHER
DEALERS & RESELLERS
CARS
BOOKS
MARKETPLACES
MULTI-CATEGORY
FASHION
AUTO
BOOKS
FURNITURE & HOME DECOR
ELECTRONICS
CARS
FOOTWEAR
ACCESSORIES
Second Hand Goods > Feed Summary > BlueBox
7

Key Sub Sectors in Second Hand Goods Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Auto > Cars > P2P >
Commission-based Marketplace 61 $235M 19
Multi-category > Listing Platform >
Mobile-first 90 $299M 8
Fashion > Horizontal >
Commission-based Marketplace 77 $155M 15
Auto > Cars > B2C >
Listing Platform 412 $193M 10
Electronics > Outright Buy >
Refurbisher 66 $106M 10
Auto > Cars > B2C >
Online Dealer 44 $275M 6
Fashion > Horizontal > Consignment >
Luxury 51 $183M 7
Auto > Cars >
C2B 34 $105M 7
Multi-category >
Listing Platform 307 $95.3M 7
Fashion > Accessories > Consignment >
Luxury 41 $55.2M 5
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Auto
Companies dealing in pre-owned vehicles
945 154 $3.4B
Multi-category
Companies dealing in pre-owned products across
categories such as electronics, furniture,...
588 170 $2.3B
Fashion
Companies dealing in pre-owned fashion products
including jewellery, apparel, etc.
370 118 $1.5B
Electronics
Companies dealing in pre-owned electronic products
such as mobile phones, laptops, tablets...
226 66 $417M
Collectibles
Companies dealing in collectible products such as art,
antiques, vintage luxury products...
34 16 $257M
Enablers
Companies which enable the commerce of second
hand goods
4 4 $167M
Books
Companies dealing in pre-owned books
157 22 $84.5M
Second Hand Goods > Feed Summary > Summary of Key Markets

List of Notable Companies in Second Hand Goods
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Second Hand Goods > Feed Summary > Notable Companies in the Sector
Public
Mercari
(2013, Palo Alto, $114M)*
Auto Trader
(1977, Manchester)
Carvana
(2012, Phoenix, $460M)
CarGurus
(2006, Cambridge, $1.8M)
EBay
(1995, San Jose, $6.7M)
TrueCar
(2005, Santa Monica, $270M)
iCarAsia
(2012, Kuala Lumpur)
Reebonz
(2009, Singapore, $84.7M)
Carbiz
(2003, Baltimore, $3.1M)
Copart
(1982, Dallas, $1.1M)
Public
RumbleOn
(2016, Charlotte)
Carsales
(1998, Melbourne)
Carzone
(1998, Dublin)
MercadoLibre
(1999, Buenos Aires)
Oto.net
(2013, Besiktas)
USS
(1999, Ebetsu)
Acquired
Cars.com
(1998, Chicago)
AutoTrader.ca
(2000, Etobicoke)
Avito
(2007, Moscow, $125M)
CarsDirect
(1998, El Segundo, $310M)
Trade Me
(1999, Wellington)
Stadium Goods
(2015, New York City, $4.6M)
Yad2
(2005, Tel Aviv)
Trading Post
(1966, Melbourne)
Dubizzle
(2005, Dubai)
SK Encar
(2014, Seoul, $126M)
Unicorns
OfferUp
(2012, Bellevue, $370M)
Quikr
(2008, Bangalore, $370M)
Bukalapak
(2011, Jakarta, $50M)
Craigslist
(1995, San Francisco)
Deadpooled
Openlane (1999, Redwood
City, $10M)

List of Notable Companies by Market in Second Hand Goods
Notable Companies by Market (1/8)
11
Second Hand Goods > Feed Summary > Notable Companies by Market
Multi-category
Listing Platform
Visual Mobile Listings Platform
Soonicorn. Stage: Series D
Naspers, Accel Partners, Insight Venture Partners
and 9 Other Investors
P2P mobile listing platform for household goods
Unicorn. Stage: Series D
Warburg Pincus, GGV Capital, T. Rowe Price and 13
Other Investors
Quikr (2008, Bangalore, $370M)
Online classifieds portal for multi-category
products
Unicorn. Stage: Series H
InnoVen Capital, Brand Capital, Tiger Global
Management and 9 Other Investors
Listing Platform
Online consignment platform for multi-category
products
Unicorn. Stage: Acquired
Naspers, Kinnevik, Northzone and 5 Other
Investors
5miles (2014, Dallas, $35M)
Online listing place for pre-owned products
Soonicorn. Stage: Series B
Morningside Ventures, SIG China, Blue Lake Capital
VarageSale (2012, Toronto, $34M)
Toronto-based online platform for pre-owned
goods
Soonicorn. Stage: Acquired
Sequoia Capital, Floodgate Fund, Inovia Capital and
3 Other Investors
Listing Platform
Online listing platform for multi-category pre-
owned products
Soonicorn. Stage: Series C
EDBI, 500 Startups, Golden Gate Ventures and 8
Other Investors
Craigslist (1995, San Francisco)
Online classified forum
Unicorn. Stage: Funded
EBay
DoneDeal.ie (2005, Wexford)
Online marketplace to buy and sell goods and
provide classified advertisment
Gumtree (2005, London)
Online Classified Ads and Community Site

12
Multi-category
Listing Platform
Online horizontal classifieds platform
Naspers
Trading Post (1966, Melbourne)
Horizontal classifieds platform
Stage: Acquired
Yad2 (2005, Tel Aviv)
Classified website in Israel
Stage: Acquired
Commission-based Marketplace
Mercari (2013, Palo Alto, $114M)
P2P mobile first marketplace for multi-category
products
Unicorn. Stage: Public
Mitsui & Co, Sumitomo Mitsui Trust Bank, Globis
Capital Partners and 7 Other Investors
Wallapop (2013, Barcelona, $71M)
Mobile app based marketplace and classified
platform
Northzone, New Enterprise Associates, Insight
Venture Partners and 21 Other Investors
Bukalapak (2011, Jakarta, $50M)
Online horizontal marketplace for pre-owned
products
NAVER Corp, GIC, Emtek and 8 Other Investors
EBay (1995, San Jose, $6.7M)
Connected Commercial Marketplace
AirTree Ventures, Benchmark Capital, Mountain
Partners and 5 Other Investors
MercadoLibre (1999, Buenos Aires)
products
Stage: Public
General Atlantic

13
Multi-category
Auction
Trade Me (1999, Wellington)
Online auction platform for multi-category products
Editor's Pick. Stage: Acquired
Movac
Consignment
Swap.com (2008, Boston, $50M)
Online consignment platform
eEquity, Innovestor, Cleantech Invest and 3 Other
Investors
Auto
Horizontal
Droom (2014, Delhi, $126M)
Online marketplace to buy and sell automobiles
Soonicorn. Stage: Series E
Joe Hirao, Digital Garage, Toyota Tsusho and 6
Other Investors
Copart (1982, Dallas, $1.1M)
Online marketplace for buying & selling of used and
salvaged cars
Stage: Acquired
AutoTrader.ca (2000, Etobicoke)
Used Automobile listing portal & content portal
Piton Capital

14
Auto
Cars
Carvana (2012, Phoenix, $460M)
Ally Bank, Dundon Capital Partners
An online used car dealer
Soonicorn. Stage: Series G
AutoNation, L Catterton Asia, General Catalyst
CarsDirect (1998, El Segundo, $310M)
Online new and used car buying service
Morgan Stanley, Oracle, TMCT Ventures and 3
Other Investors
Online auto portal for car research and
buying/selling deals
Sequoia Capital, Hillhouse Capital Group, CapitalG
Cars
TrueCar (2005, Santa Monica, $270M)
Auto listing platform providing car pricing and
information
Soonicorn. Stage: Public
Vulcan Capital, Upfront Ventures, Silicon Valley
Bank and 15 Other Investors
CarTrade (2006, Mumbai, $253M)
Online listing platform to buy, sell & research cars
Temasek, Marche Capital, Warburg Pincus and 14
Other Investors
$183M)
Online marketplace for buying and selling of used
cars
Highland Capital Partners, Goldman Sachs, G2VP
Cars
SK Encar (2014, Seoul, $126M)
Online used car listing platform
Carsales
CARS24 (2015, Gurgaon, $100M)
Online C2B second-hand car marketplace
Sequoia Capital, KCK Global Limited, Kingsway
Capital and 6 Other Investors
Carro (2015, Singapore, $78M)
Online commission-based marketplace for pre-
owned cars
B Capital Group, Insignia Ventures Partners,
SoftBank Ventures Korea and 12 Other Investors
Openlane (1999, Redwood City, $10M)
Online used car auction platform
Stage: Deadpooled
Meritech Capital Partners, August Capital, RPM
Ventures

15
Auto
Cars
Carbiz (2003, Baltimore, $3.1M)
Used car dealer
Stage: Public
Trafalgar Capital Management
CarGurus (2006, Cambridge, $1.8M)
Online new/used car buy and sell platform
Stage: Public
iCarAsia (2012, Kuala Lumpur)
Network of online automotive sites in Asia
Stage: Public
Carsales, Catcha Group, CMB Capital
Auto Trader (1977, Manchester)
Online used car listing platform & new car content
portal
Stage: Public
Apax Partners, BC Partners, IBIS Capital
Cars
Cars.com (1998, Chicago)
Research,Buy and Sell new and used cars .
Stage: Public
Starboard Value, Catalus Capital Management,
Putnam
Carsales (1998, Melbourne)
Automotive classifieds for cars
Stage: Public
Amcil
Carzone (1998, Dublin)
Online portal for buying and selling used and new
cars
Stage: Public
Oto.net (2013, Besiktas)
Online listing platform for used vehicles in Turkey
Stage: Public
USS (1999, Ebetsu)
Used car auctions facilities provider
Stage: Public
Bikes
Online platform to buy, sell & trade pre-owned
motorcycles
Editor's Pick. Stage: Public
Hercules Capital, Ally Bank

16
Fashion
Horizontal
Online consignment for luxury fashion
PWP Growth Equity, Sandbridge Capital, Great Hill
Mobile first P2P marketplace for fashion products
Temasek, Mayfield, Menlo Ventures and 13 Other
Investors
Vestiaire Collective (2009, Paris, $131M)
Luxury Resale Marketplace
Vitruvian Partners, Eurazeo, Idinvest Partners and
5 Other Investors
ThredUP (2009, San Francisco, $127M)
Consignment based second hand clothing platform
Highland Capital Partners, Trinity Ventures,
Redpoint Ventures and 7 Other Investors
Horizontal
Online consignment platform for pre-owned luxury
fashion products
Soonicorn. Stage: Public
Vertex Ventures, GGV Capital, Intel Capital and 6
Other Investors
Stadium Goods (2015, New York City, $4.6M)
Consignment store for premium sneakers and
apparel
Forerunner Ventures, SM Ventures
Footwear
Goat (2015, Los Angeles, $99.4M)
Marketplace to buy and sell sneakers
Index Ventures, Accel Partners, Upfront Ventures

17
Electronics
Outright Buy
GreenDust (2008, Delhi, $50.1M)
Online reverse logistics retail for sale of factory
second products
Soonicorn. Stage: Deadpooled
InnoVen Capital, Lightbox Ventures, Vertex
Ventures and 6 Other Investors
Books
Online marketplace for buying and selling used
books and media
Stage: Deadpooled
Ventures, Comcast Ventures, VIMAC Ventures and 2
Other Investors
Collectibles
Auctions
Catawiki (2008, Amsterdam, $94.9M)
Online catalogue and auction house for art and
collectibles
Lead Edge Capital, Accel Partners, Project A and 6
Other Investors

18
Collectibles
Reverb (2012, Chicago, $47M)
Marketplace for used musical instruments
Summit Partners, Max Levchin, Jon Oringer and 5
Other Investors

List of Notable Companies in Second Hand Goods in China
Notable Companies in the Sector in China
19
Second Hand Goods > Feed Summary > Notable Companies in the Sector in China
Public
58City
(2005, Beijing, $141M)
Baixing
(2005, Shanghai)
Uxin
(2011, Shenzhen)
TuanChe
(2009, Beijing)
Acquired
Autohome
(2008, Beijing)
Ganji
(2005, Beijing, $298M)
Unicorns
Guazi
(2012, Beijing, $3.8B)
Souche
(2012, Beijing, $1.2B)
Cheyipai
(2006, Beijing, $230M)
Zhuan Zhuan
(2015, Chaoyang, $200M)

Recent News in Second Hand Goods Sector
Recent News
20
Second Hand Goods > Feed Summary > Recent News
Mar 2019
eBay Promote your listings now available for all businesses,
Tamebay
Mar 2019
Copart Acquires Vincent Auto For Auto Remarketing Supply,
Citybizlist
Mar 2019
Singapore’s GIC to take 20% stake in NZ online auction firm Trade
Me, Deal Street Asia
Mar 2019 Award for niche marketplace app Mooms, AIM Group
Mar 2019 RenRenChe adds “partners” but also cuts staff, AIM Group
Mar 2019
New QBP program allows IBDs to sell its Whisky parts on Amazon
and eBay, bicycleretailer.com
Mar 2019
How AI helps eBay connect buyers and sellers across 1.2 billion
listings, VentureBeat
Mar 2019 Famed ‘$20,000 Hat’ To Be Auctioned by PropertyRoom.com, PRWeb
Mar 2019 Trade Me launches “shop with camera”, AIM Group
Mar 2019
London-based vehicle data startup Cazana raises €1.75 million on
Crowdcube led by Passion Capital, EU-Startups
Mar 2019 Quikr close to acquiring Zefo in all-stock deal, Indiatimes
Mar 2019
Now, own an iPhone XR at just Rs 1999 per month with Cashify’s
upgrade program, TheNewsMinute
Mar 2019 Mercari adds barcode listing feature for cosmetics, AIM Group
Mar 2019 Guazi launches China’s first nationwide c-to-c network, AIM Group
Key Recent News Key Recent News
Mar 2019 Shpock moves towards transactional model, AIM Group
Mar 2019 Motorist.sg introduces motoring app for drivers, AIM Group
Mar 2019
Tencent-backed second-hand goods app gains traction with 50
million monthly active users in 2018, KrASIA
Mar 2019
Ebay unveils Independent Living Hub amid mobility goods demand,
Retail Gazette
Mar 2019
Pen15’s nostalgic 2000s look came from eBay finds and spot-on AIM
visuals, The Verge
Mar 2019
SG-based Reebonz says working to meet Nasdaq listing
requirements ahead of deadline, Deal Street Asia
Mar 2019
OLX Elevates Sushil Kumar as the General Manager for India,
adageindia.in
Mar 2019 MercadoLibre To Raise $1.85 Bln In Equity Offerings, RTTNews
Mar 2019
OLX elevates Sushil Kumar as General Manager for India, Business
Today
Mar 2019 5i5j.com joins 58.com in backing 123kanfang, AIM Group
Mar 2019 EBay initiates operating review, Fibre2Fashion
Mar 2019
Results Are In: How eBay GTC Mandate Will Impact Sellers,
EcommerceBytes
Mar 2019
Bukalapak is Indonesia’s newest unicorn. Here’s what’s next for
them, Tech in Asia

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
21
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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Investments ($M) and number of rounds in Second Hand Goods; 2012-2019
Global Funding Trends (1/2)
23
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Second Hand Goods > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 15% # of Rounds33% $ Funding
3% # of Rounds
8% $ Funding
$216M
$242M
$387M
$848M
$1.8B
$1.1B
$1.B
$1.3B
$862M
0
20
40
60
80
100
120
140
160
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
$1.6B
$1.8B
$2.B
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

58 61 74 73 44 41 33 3
13
20
46
48
33
37
35
6
4 5 10
20
17 13 19 3
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
75
12
Total # of Rounds
$21M $46M $35M $26M $22M $28M $30M $4M
$175M $146M
$432M $878M
$336M $248M $357M $47M
$47M $195M $381M $850M $762M $730M $957M $165M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
24
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Second Hand Goods; 2012-2019
Second Hand Goods > Investment Trends > Global Funding Trends
95
67
67
42
39
21 1
332
$1.6M $3M
$0.0M
$1.0M
$2.0M
$3.0M
$4.0M
$5.0M
$6.0M
$7.0M
0
50
100
150
200
250
300
350
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$1.6M $1.5M $6.5M $1M $2M $5.4M $3M $3M
$183M
$147M
$265M
$564M
$1.5B
$929M
$820M
$1.1B
$732M
12
0
5
10
15
20
25
30
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
1.4E+09
1.6E+09
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
3 6 13 25 15 14 17 3
$242M $216M
Total $ Invested

Second Hand Goods > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Second Hand Goods
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 1.4B 114
New York City 1.2B 65
Phoenix 460M 3
Bangalore 399M 24
Mumbai 357M 37
Santa Monica 352M 13
Delhi NCR 320M 40
Jaipur 292M 10
El Segundo 280M 1
Singapore 280M 25
Total Funding
386
115
208
51
33
6
12
18
# Rounds
$4.6B
$1.4B
$1.2B
$409M
$149M
$136M
$34.7M
$31.3M
US
India
Europe
SEA
Latam
South Korea
Canada
United Arab
Emirates
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.5
$1.0
$0.7 $0.6
$0.9 $0.8
$1.3
2012 2013 2014 2015 2016 2017 2018
Second Hand Goods > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Second Hand Goods; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$15K* $10M
$250K $300M
$113K $100M
$13K $175M
$40M
$14M
$5M
$450K
Series C+
Series B
Series A
Seed
Stage
$36.0
$16.8 $17.0 $19.3
$24.2
$13.8
$20.5
$15.5
$48.8 $47.6 $53.1 $54.4
$66.4 $59.8
$4.4 $7.2 $7.3
$22.0
$4.1 $6.0 $6.9

Note: 285 companies with undisclosed funding amount are not included
27
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
138
120
51
17
22
No. of Companies
Second Hand Goods > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Second Hand Goods; as of Mar 2019
Distribution of companies by Funding Range
$38M
$403M
$1.3B
$1.2B
$5.3B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
24%
7%
4%
2%
28
Note: Numbers in the brackets show the count of companies
Time to raise
next round
60
107
188
602
2541
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
24% 2%
(52)
1%
(37)
0%
(3)
24%
(607)
52%
(1329)
31% 8%
(46)
5%
(33)
0%
(1)
25%
(152)
43%
(261)
57% 19%
(35)
9%
(16)
- 6%
(11)
37%
(70)
56% 29%
(31)
11%
(12)
- 4%
(4)
40%
(43)
- 42%
(25)
15%
(9)
- 2%
(1)
28%
(17)
Second Hand Goods > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Second Hand Goods
Funding Funnel
15 Months
16 Months
14 Months
Investment backedBootstrapped
28
8
76
16
50
2
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Second Hand Goods > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Second Hand Goods; Mar 2017-Mar 2019
Notable Investments in last 24 months (1/7)
LATE STAGE
$150M - Series D Jul 2018
Naspers
$146M - Series G Dec 2018
AutoNation, L Catterton Asia, General Catalyst
Partners, Fraser McCombs Capital, T. Rowe Price
$115M - Series G Jul 2018
PWP Growth Equity, Sandbridge Capital, Great Hill
Partners
$110M - Series C Jan 2019
Sequoia Capital, Hillhouse Capital Group, CapitalG,
Axis Bank
LATE STAGE
$100M - Series D Sep 2017
$87.5M - Series D Nov 2017
Temasek, Mayfield, Menlo Ventures, GGV Capital,
Inventus Capital Partners, Uncork Capital, Union
Grove Venture Partners, Cross Creek Advisors
$85M - Series C May 2018
Online listing platform for multi-category pre-
owned products
EDBI, 500 Startups, Golden Gate Ventures, Sequoia
Capital, DBS Bank, Rakuten Capital
$76M - Series F Jul 2017
T. Rowe Price, L Catterton, General Catalyst
Partners, PICO Partners
LATE STAGE
$75M - Series C Oct 2018
Ratan Tata, Times Internet, HDFC Bank, Hillhouse
Capital Group, Tybourne Capital Management,
Dentsu
$183M)
cars
LITHIA MOTORS, Alliance Venture, BMW i Ventures,
DCM Ventures, Goldman Sachs Investment Partners,
DFJ, G2VP, Highland Capital Partners
$60M - Series C Feb 2018
Goat (2015, Los Angeles, $99.4M)
Marketplace to buy and sell sneakers
Index Ventures, Accel Partners, Upfront Ventures,
Webb Investment Network, Matrix Partners India

LATE STAGE
$50M - Series F Jun 2017
Great Hill Partners
$50M - Series E Aug 2017
GGV Capital, Menlo Ventures, Mayfield, Uncork
Capital
$50M - Series D Jan 2019
products
NAVER Corp
$50M - Series C Jul 2018
CARS24 (2015, Gurgaon, $100M)
Online C2B second-hand car marketplace
Sequoia Capital, KCK Global Limited, Kingsway
Capital, Venture Highway
LATE STAGE
$39M - Series D Aug 2018
$183M)
cars
BMW i Ventures, DCM Ventures, G2VP, DFJ,
Highland Capital Partners, Goldman Sachs
Investment Partners
$34M - Series D Jan 2018
ChroNext (2012, Cologne, $50M)
Marketplace for buying and selling luxury watches
Endeit Capital, Tengelmann Ventures, Octopus
Ventures, Capnamic Ventures, Partech
$30.3M - Series E Oct 2018
Joe Hirao
LATE STAGE
$30M - Series D May 2018
Digital Garage, Toyota Tsusho
$26M - Series D Mar 2018
reBuy (2004, Berlin, $39.5M)
Online outright buy platform and marketplace for
sale of electronic products
Evoco
Digital Garage, Beenext, Beenos, Lightbox Ventures,
IAM Group
$17.3M - Series F Dec 2017

LATE STAGE
$12M - Series C Jun 2018
Cashify (2013, Gurgaon, $17.8M)
Online buy-back platform for used gadgets
Aihuishou, CDH Investments, Morningside venture
Capital, Bessemer Venture Partners, Blume
Ventures, Shunwei Capital
$5M - Series C Jan 2019
Online consignment platform for pre-owned luxury
fashion products
Vertex Ventures
Series C Nov 2017
products
GIC
Series C Jun 2018
Rebelle (2013, Hamburg)
Online consignment platform and P2P marketplace
for pre-owned fashion products
Mediaset
EARLY STAGE
$60M - Series B May 2018
owned cars
SoftBank Ventures Korea, Venturra Capital, Singtel,
Golden Gate Ventures, Alpha JWC Ventures, Manik
Arora
$48M - Series B Jun 2018
Back Market (2014, Paris, $55.6M)
Online marketplace for refurbished electronic
products
Aglae Ventures, Eurazeo, Daphni
$44M - Series B Sep 2018
StockX (2015, Detroit, $50M)
Online marketplace and auction platform to buy and
sell used fashion products
GV, Steve Aoki, Battery Ventures, Karlie Kloss, Bob
Mylod, Shana Fisher, CourtsideVC, Don C, Mark
Wahlberg, Ted Leonsis, Marc Benioff, Tim
Armstrong, Ron Conway, Jonathon Triest, Detroit
Venture Partners, Eminem , Scooter Braun
EARLY STAGE
$30M - Series B Oct 2017
CarLotz (2011, Charlotte, $37M)
A consignment model offering P2P used car sale
Transportation Resource Partners
$29.6M - Series A Oct 2017
CarSaver (2016, Miami, $29.6M)
An automotive buying program offering personal
auto advisor
$23M - Series B Feb 2019
Brumbrum (2016, Milan, $35.2M)
Online reseller of pre-owned cars
Accel Partners, Bonsai Venture Capital, E.ventures,
United Ventures
$22M - Series A Nov 2017
InstaCarro (2015, Sao Paulo, $25.5M)
Online platform to buy and sell cars
Lumia Capital, FJ Labs, Hummingbird Ventures,
Global Founders Capital, Rise Capital

EARLY STAGE
$20M - Series B Jan 2018
Depop (2011, London, $38.2M)
Mobile first marketplace for sale of pre-owned
multi-category products
Octopus Ventures, TempoCap, Balderton Capital, H-
Farm, Creandum, Luca Marzotto, Renzo Rosso, HV
Holtzbrinck Ventures
$19M - Series B Mar 2018
Carsome (2015, Kuala Lumpur, $27.4M)
Burda Principal Investments, Gobi Partners,
InnoVen Capital, Lumia Capital
$15M - Series B Aug 2017
Reverb (2012, Chicago, $47M)
Marketplace for used musical instruments
Summit Partners, Max Levchin, Jon Oringer, Adam
Bain, Roger McNamee, Fabrice Grinda
$15M - Series B Nov 2017
Trocafone (2014, Sao Paulo, $24.9M)
Online outright-buy platform for smartphones
Castor Ventures, FJ Labs
EARLY STAGE
Truebil (2015, Mumbai, $25.6M)
Online P2P marketplace for used cars
Joe Hirao, Kalaari Capital, Inventus Capital Partners,
Kae Capital, Shunwei Capital, TEKTON
$12.2M - Series A Jan 2018
Brumbrum (2016, Milan, $35.2M)
Online reseller of pre-owned cars
United Ventures
$12M - Series A Mar 2017
owned cars
Venturra Capital, Singtel Innov8, Alpha JWC
Ventures, Skystar Capital, Golden Gate Ventures
$11M - Series A Nov 2018
Spinny (2015, Gurgaon, $12M)
Online dealer of pre-owned cars
Accel Partners, SAIF Partners, Blume Ventures,
Simile Venture Partners
EARLY STAGE
$10.2M - Series B Nov 2018
Watchmaster (2015, Berlin, $23.7M)
Online consignment platform for used watches
Carmudi Indonesia (2013, Jakarta, $45M)
Listing platform for new and used automotive
HV Holtzbrinck Ventures, Tengelmann Ventures,
APACIG
$9.3M - Series B Aug 2017
Zefo (2015, Bangalore, $19.3M)
used products
Sequoia Capital, Beenext, Helion Venture Partners
$8.3M - Series B Mar 2018
Sheypoor (2011, Tehran, $8.3M)
$7.6M - Series A May 2017
Back Market (2014, Paris, $55.6M)
Online marketplace for refurbished electronic
products
Daphni, Aglae Ventures

EARLY STAGE
$6M - Series A Jun 2017
Carsome (2015, Kuala Lumpur, $27.4M)
Gobi Partners, Lumia Capital, InnoVen Capital, 500
Startups, Spiral Ventures
$5M - Series A Aug 2017
Viyet (2012, New York City, $6.5M)
Online consignment service for luxury pre-owned
furniture and accessories
$4M - Series A Jul 2017
Cashify (2013, Gurgaon, $17.8M)
Online buy-back platform for used gadgets
Shunwei Capital, Bessemer Venture Partners, Blume
Ventures, Trifecta Capital, Hiro Mashita
$3.5M - Series A Feb 2019
GoTrendier (2016, Mexico City, $3.5M)
Online marketplace for pre-used fashion products
Banco Sabadell, IGNIA, Antai Venture Builder,
Pedralbes Partners, Bonsai Venture Capital
EARLY STAGE
$3.4M - Series A Sep 2017
Tootle (2015, London, $6.4M)
A used car consignment provider
Hambro Perks
$3.2M - Series B Oct 2018
Zefo (2015, Bangalore, $19.3M)
used products
Sequoia Capital, Helion Venture Partners, FJ Labs
$3M - Series A Feb 2019
Joydrive (2016, Seattle, $4.6M)
Online platform for buying new & pre-owned cars
$3M - Series A Feb 2018
Material World (2012, Brooklyn, $3M)
Fashion trade-in of designer items for gift cards
$3M - Series A Oct 2018
Kalaari Capital, Inventus Capital Partners, Shunwei
Capital, Kae Capital, Tekton Ventures, Trifecta
Capital
EARLY STAGE
$2.5M - Series B Mar 2018
Sequoia Capital
$324k - Series A Jul 2017
CredR (2014, Mumbai, $16.4M)
Online marketplace of second-hand bikes
ASA Capital Partners
Series B Jun 2017
Sheypoor (2011, Tehran, $8.3M)
Pomegranate Investment
Series A Oct 2017
Trocafone (2014, Sao Paulo, $24.9M)
Online outright-buy platform for smartphones
FJ Labs

EARLY STAGE
Series A Jan 2018
Tootle (2015, London, $6.4M)
A used car consignment provider
Channel 4
SEED STAGE
$10M - Angel Dec 2018
TrueFacet (2013, New York City, $24.7M)
Online marketplace for pre-owned fashion
accessories
Jason Stoffer
$1.1M - Seed Apr 2018
SEED STAGE
$1M - Seed Jun 2017
Blume Ventures, Kunal Shah, Sandeep Tandon,
Indian Angel Network, VS Prudence Advisors,
Simile Venture Partners, Narendra Shyamsukha,
Rajeev Arora, Diwakar Nigam, Shailesh Rao, Sanjay
Puri, Neeraj Goenka, Rakesh Malhotra, Jaspal Singh,
Sanjay Shah, Sunil Kant Munjal, Inder Singh, Deepak
Chhabria, Mohit Mutreja, Bikram Dasgupta, Hemant
Kumar Goyal, Murali Vasan Sundaralingam,
Abhishek Khanna, Kirandeep Dhaliwal, Archana
Jahagirdar, Hemant Gajanan Joshi, Jitender Pruthee,
Simi Hari, Timothy Quentin Blackman, Mahesh
Pansari, Viral Mittal
$500k - Seed Jan 2018

SEED STAGE
Seed Jun 2018
IGNIA, Antai Venture Builder, Pedralbes Partners,
Bonsai Venture Capital

Second Hand Goods > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$1.5B - Series F Feb 2019
Guazi (2012, Beijing, $3.8B)
$818M - Series C Mar 2018
Tencent, Yunfeng Capital, FountainVest Partners,
GIC, IDG Capital, Taihe Capital, Sequoia Capital,
hCapital, Shougang Fund
$578M - Series F Sep 2018
Souche (2012, Beijing, $1.2B)
An O2O used car transaction platform
Alibaba Group, Primavera Capital Group,
Morningside venture Capital, Beijing Yuxiang Capital
Management, ClearVue Partners, Lingfeng Capital,
Paladin Asset Management, Russia-China
Investment Fund, CreditEase
LATE STAGE
$335M - Series E Nov 2017
Alibaba Group, Warburg Pincus, CMB International,
Primavera Capital Group
$300M - Series E Apr 2018
RenRenChe (2014, Beijing, $760M)
Used car online transaction platform
Goldman Sachs, Tencent, Didi Chuxing
RenRenChe (2014, Beijing, $760M)
Used car online transaction platform
Didi Chuxing
$180M - Series D Apr 2017
ClearVue Partners, Warburg Pincus, Morningside
venture Capital, Haitong International Securities
Group, Cygnus Equity
LATE STAGE
$162M - Series D Oct 2018
Tiantu Capital, DST Global
$150M - Series E Jul 2018
Aihuishou (2011, Shanghai, $282M)
Online buy-back platform for multi-category
electronic products
JD.com, Tiger Global Management
$100M - Series D Jun 2018
Tiantian Paiche (2014, Shanghai, $353M)
Online C2B used car auction platform
Autohome
$100M - Series C Mar 2017
Mychebao (2012, Nanjing, $160M)
Used car auction platform for users where car
dealers bid
PAG

Most Active Investors (VC, PE) by Stage in Second Hand Goods; Last 5 years (Mar 2014-Mar 2019)
Most Active VC & PE Investors
37
Second Hand Goods > Investment Trends > Most Active VC & PE Investors
SEED STAGE
FJ Labs (9 Investments)
InstaCarro, Sell It, CarPrice
1
Frontier Digital Ventures (6 Investments)
AngoCarro, CarWangu, CarsDB
2
SV Angel (2 Investments)
StockX, Move Loot
3
Greylock Partners (2 Investments)
Flogg, Sold.
4
Blume Ventures(2 Investments)
Cashify, Spinny
5
Kae Capital (2 Investments)
ListUp, Truebil
6
CyberAgent Ventures(2 Investments)
Ancar, A2mato
7
Rebright Partners(2 Investments)
Prelo, Elanic
8
Beenos(2 Investments)
Elanic, Zebramo
9
Lumia Capital(2 Investments)
InstaCarro, Trocafone
10
EARLY STAGE
Accel Partners (7 Investments)
Brumbrum, Letgo, Spinny
1
Letgo, Zefo, Trocafone
2
Sequoia Capital(3 Investments)
Zefo, Carousell, VarageSale
3
HV Holtzbrinck Ventures(3 Investments)
Carmudi Indonesia, Carmudi, Depop
4
AutoDeal, PakWheels, Moteur.ma
5
Insight Venture Partners (3 Investments)
Letgo, Wallapop, Chrono24
6
Beenext(3 Investments)
Zefo, Droom, Zebramo
7
Shunwei Capital(2 Investments)
Cashify, Truebil
8
Piton Capital(2 Investments)
Watchmaster, Watchfinder
9
Beenos(2 Investments)
Droom, Duriana
10
LATE STAGE
Warburg Pincus (2 Investments)
OfferUp, CarTrade
1
Tiger Global Management(2 Investments)
OfferUp, Quikr
2
GGV Capital(2 Investments)
OfferUp, Poshmark
3
Goldman Sachs Investment Partners
(2 Investments)
Shift Technologies, ThredUP
4
Temasek(2 Investments)
CarTrade, Poshmark
5
Sequoia Capital
CARS24
6
Matrix Partners India
Goat
7
General Catalyst Partners
Vroom
8
Upfront Ventures
ThredUP
9
Morningside venture Capital
Cashify
10

Second Hand Goods > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Second Hand Goods; Last 5 years (Mar 2014-Mar 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
500 Startups(13 Investments)
TipiTop, CARS24, Carsome
1
Y Combinator(8 Investments)
Covetly, Bump, Flip
2
Rocket Internet(7 Investments)
Bandist, Vendito, Sparklist
3
IIDF(5 Investments)
MomChecked, Good Trade, Get New Car
4
DG Incubation(5 Investments)
Elanic, Droom, Zebramo
5
MassChallenge(4 Investments)
Jaspr Trades, TapNSell, SidelineSwap
6
TURN8(3 Investments)
The List, Melltoo.me, Melltoo
7
Techstars(2 Investments)
TrueFacet, hobbyDB
8
Wayra(2 Investments)
Micolet, Trocafone
9
NXTP Labs(2 Investments)
Trocafone, Gone
10
OTHER NOTABLE INVESTORS
Kima Ventures(4 Investments)
Imparfaite, Kyump, CarPrice
1
T. Rowe Price(2 Investments)
OfferUp, Vroom
2
Tech Coast Angels(2 Investments)
TradeYa, PropertyRoom
3
Allen & Company(2 Investments)
OfferUp, Vroom
4
Indian Angel Network(2 Investments)
yaantra, Spinny
5
Beringea(2 Investments)
mpb.com, Watchfinder
6
Altimeter Capital(2 Investments)
OfferUp, Vroom
7
91springboard(2 Investments)
Styliner, Madbooks
8
DSOA(2 Investments)
Melltoo, The Luxury Closet
9
Riverpark Funds(2 Investments)
SidelineSwap, Fashion Project
10
DEBT INVESTORS
InnoVen Capital(4 Investments)
Carsome, CredR, GreenDust
1
Trifecta Capital(3 Investments)
Cashify, Truebil, CarDekho
2
Hercules Capital(3 Investments)
RumbleOn, OfferUp, Gazelle
3
Silicon Valley Bank(2 Investments)
Gone, Beepi
4
Western Technology Investment(2
Investments)
Viyet, Move Loot
5
Kreos Capital(2 Investments)
Worthy, Auctionata
6
Idinvest Partners
Remade
7
TPG
Verado
8
CDH Investments
Cashify
9
Rivers Capital Partners
RefurbThat
10

Second Hand Goods > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/5)

Second Hand Goods > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
45
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
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Jan 2019
Product Discovery
Jan 2019
Home Improvements
Jan 2019

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.
FACTSHEET
Funding data excludes Debt, Grants & Post-IPO rounds.
Excludes all details for Chinese companies.
Feed Report - Second Hand Goods - Mar 2019
Marketmap: Second Hand Goods Second Hand Goods > Market Details > BlueBox
47

Key Sub Sectors
48
Key Sub Sectors in Second Hand Goods
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Auto
Companies dealing in pre-owned vehicles
Carvana (2012, Phoenix, Public)
945 154 $3.4B
Multi-category
Companies dealing in pre-owned products across categories such as electronics, furniture,
collectibles and fashion goods
Avito (2007, Moscow, Acquired)
588 170 $2.3B
Fashion
Companies dealing in pre-owned fashion products including jewellery, apparel, etc.
Reebonz (2009, Singapore, Public)
370 118 $1.5B
Electronics
Companies dealing in pre-owned electronic products such as mobile phones, laptops, tablets
Gazelle (2006, Boston, Acquired)
Recommerce (2009, Gentilly, $69.8M)
226 66 $417M
Collectibles
Companies dealing in collectible products such as art, antiques, vintage luxury products
Online Galleries (2004, Wyboston,
Acquired)
Catawiki (2008, Amsterdam, $94.9M)
34 16 $257M
Enablers
Companies which enable the commerce of second hand goods
HYLA Mobile (2009, Farmers Branch,
$140M)
Yerdle (2012, Brisbane, $23.9M)
4 4 $167M
Books
Companies dealing in pre-owned books
Alibris (1997, Emeryville, Acquired)
Discover Books (2004, Lakewood, $8.5M)
157 22 $84.5M
Furniture and Home Decor
Companies dealing in pre-owned furniture and decor products such as sofas, chairs, tables
Viyet (2012, New York City, Acquired)
Selency (2014, Paris, $17M)
49 13 $70.7M
Baby & Kids
Companies dealing in pre-owned baby, kids and maternal products
TotSpot (2014, Mountain View, Acquired)
Percentil (2012, Madrid, $5.8M)
101 24 $26.5M
Sports Goods
Companies dealing in pre-owned sports products
Beckett (1979, Dallas, Acquired)
SidelineSwap (2010, Franklin Square, $9M)
24 7 $10.3M
Second Hand Goods > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/11)
49
Second Hand Goods > Market Details > Detailed Sector Taxonomy

50

51

52

53

54

55

56

57

58

59

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+4)
Auto > Cars > P2P > Commission-based Marketplace
Companies facilitating trading of second hand products with payment and logistics support
(Companies covered 61 | Funded 26 | Total Funding $341M)
$235M
(+$156M)
19
(+2)
Shift Technologies
(2013, San Francisco, $183M)
2
(-1)
Multi-category > Listing Platform > Mobile-first
Companies that offer mobile-first listing platforms
(Companies covered 90 | Funded 26 | Total Funding $1.1B)
$299M
(-$271M)
8
(-8)
Letgo
3
(+4)
Fashion > Horizontal > Commission-based Marketplace
Companies facilitating trading of second hand fashion products with payment and logistics support
$155M
(+$75.5M)
15
(+1)
Poshmark
(2011, Menlo Park, $203M)
4
(-1)
Auto > Cars > B2C > Listing Platform
Companies that provide classified listings of second-hand cars
(Companies covered 412 | Funded 43 | Total Funding $1.4B)
$193M
(-$54.9M)
10
(-5)
CarDekho
(2007, Jaipur, $292M)
5
(+5)
Electronics > Outright Buy > Refurbisher
Companies selling pre-owned electronics after repairing them
$106M
(+$90.3M)
10
(+3)
Back Market
(2014, Paris, $55.6M)
6
(-2)
Auto > Cars > B2C > Online Dealer
Online dealers facilitating buying and selling of second-hand cars
$275M
(-$384M)
6
(-4)
Vroom
7
(-1)
Fashion > Horizontal > Consignment > Luxury
Companies primarily dealing in luxury fashion products
$183M
(+$78.3M)
7
(-4)
The RealReal
(2011, Tiburon, $288M)
60
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Second Hand Goods in last 2 years (March 2017 - February 2019)
Second Hand Goods > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Second Hand Goods > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Fashion > Footwear > Commission-based Marketplace
Companies facilitating trading of second hand footwear products with payment and logistics support
(Companies created 12 | Funded 6 | Total Funding $150M )
1 StockX (2015, Detroit, $50M)
2
Auto > Cars > B2C > Online Dealer
Online dealers facilitating buying and selling of second-hand cars
1 Brumbrum (2016, Milan, $35.2M)
3
Fashion > Apparel > Commission-based Marketplace
Companies facilitating trading of second hand apparel products with payment and logistics support
(Companies created 24 | Funded 13 | Total Funding $25.4M )
1 Grailed (2013, San Francisco, $20M)
4
Auto > Cars > P2P > Commission-based Marketplace
Companies facilitating trading of second hand products with payment and logistics support
1 Spinny (2015, Gurgaon, $12M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
62
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (March 2017 - February 2019)
Second Hand Goods > Market Details > Top Markets of Early Stage Investors

Incubators
500 Startups (#1), Axel Springer Plug and Play Accelerator
(#1)
Seed Great Oaks Venture Capital (#2), Blume Ventures (#1)
Series A/B Tekton Ventures (#2), SAIF Partners (#1)
Series C+
DCM Ventures (#1), Goldman Sachs Investment Partners
(#1)
Otobro Mar - 2017
Acq by C88 Financial Technologies
Hopcar Jun - 2016
Acq by Spinny
$3M - Series A
Tripalink (2015, Burbank, $3M)
$14M - Series B
$11M - Series A
$3M - Series A
$71M - Series D
Shift Technologies (2013, San
Francisco, $183M)
$1M - Seed
Seez (2015, Dubai, $2.8M)
$60M - Series B
Seed
Bilklick (2014, Lomma)
$2.8M - Series A
Kyump (2015, Paris, $2.8M)
$570k - Seed
Carable (2015, Dallas, $1.8M)
Dec 2018
Lithia And Shift Expand Partnership; Utilize Lithia For
Growth, PR Newswire
Nov 2018
Lithia and Shift to operate separately and share technology,
Auto Remarketing
Nov 2018
[Weekly Funding Roundup] Fintech dominates with a $30M
seed round, YourStory Media
Nov 2018
Used cars startup Truebil raises ₹10 crore from Trifecta
Capital in debt funding, The Indian Wire
Oct 2018
Lithia and Shift Expand Partnership; Secure Floor Plan for
Growth, Business Wire
Oct 2018 Carro Bags The Vc Deal Of The Year Award 2018, WP Engine
Sep 2018
Online used car startup Shift raises $140 million –
TechCrunch, Providing the Global Community with the Latest Tech
News is Owned and Operated By Codolabs
Aug 2018
Seez Announces Seed Extension Funding Round of $1M,
ArabNet
Jul 2018
Carro’s COO on leaving Uber and his outlook on SEA’s ride-
sharing space, Tech in Asia
Jul 2018
Truebil launches pre-owned vehicles online auction
platform, Indiatimes
Jun 2018
Digital used car broker abracar raises €11.5 million Series A,
Tech.eu
Jun 2018
How Carro co-founder Aaron Tan raised US$78M by thinking
beyond the classifieds model, E27
May 2018
Southeast Asia’s Carro raises $60M for its automotive
classifieds and car financing service, TechCrunch
News
3
1
8
26
61
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Auto > Cars > P2P > Commission-based Marketplace: Market Factsheet
63
Exits
Recent InvestmentsCompanies facilitating trading of
second hand products with
payment and logistics support
Shift Technologies
(2013, San Francisco, $183M)
Carro
(2015, Singapore, $78M)
Truebil
(2015, Mumbai, $25.6M)
Abracar
(2015, Munich, $13.3M)
Spinny
(2015, Gurgaon, $12M)
Top Companies
#1 Top Markets of Investment Activity
Second Hand Goods > Market Details > Market: Commission-based Marketplace
Companies Created 61 | Funded 26 | Total Funding $341M
0
2
4
6
8
10
12
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
$160M
2014 2015 2016 2017 2018
YoY Funding Rounds
YoY Funding and Rounds
Market: Commission-based Marketplace

Auto > Cars > P2P > Commission-based Marketplace: Top Companies
Analyst’s Pick
$183M)
cars
Highland Capital Partners, Goldman Sachs, G2VP
owned cars
SoftBank Ventures Korea and 12 Other Investors
Minicorn. Stage: Series B
Joe Hirao, Kalaari Capital, Inventus Capital Partners
Abracar (2015, Munich, $13.3M)
Peer-to-peer marketplace of used cars
Editor's Pick. Stage: Series A
Allianz X
Analyst’s Pick
Minicorn. Stage: Series A
Accel Partners, SAIF Partners, Blume Ventures and
30 Other Investors
Swap Motors (2015, Chicago)
Online marketplace for buying & selling cars
Editor's Pick. Stage: Unfunded

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
65
Auto > Cars > P2P > Commission-based Marketplace: Leaderboard
Better than Market Average
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Spinny 2015 Gurgaon Series A $12M 3 - - - - 261 - - 4 - - 18 7%
4.9 Truebil 2015 Mumbai Series B $25.6M 7 - - - - 552 - - 19 - - -1 -
4.8 Carro 2015 Singapore Series B $78M 4 4 4 - - 48 8k 33 16 - - - -
4.7 Seez 2015 Dubai Seed $2.8M 2 - 4 - 4 - 300k 635 1 532 517% - -
4.6
Shift
Technologies
2013
San
Francisco
Series D $183M 6 4 - - - - - - 14 - - - -
4.1 Kyump 2015 Paris Series A $2.8M 1 - - - - 66 - - 1 - - 13 25%
3.8 Tred 2012 Seattle Seed $2.9M 3 - - - - 1.1k - - 5 - - -6 -1%
3.8 Abracar 2015 Munich Series A $13.3M 2 - - - 3 81 - - 1 - - 12 17%
3.5 Blinker 2013 Denver Unfunded - - - 4 - - 471 300k 701 6 164 31% -3 -1%
3.2
GoodBuyAut
o
2015 Milan Seed $2.7M 2 - - - - 185 - - 2 - - -4 -2%
3.2 Swap Motors 2015 Chicago Unfunded - - - - - 4 10.7k - - 2 - - 4.8k 82%
3.1 Zipflip 2012
Chattanoog
a
Seed $750k 2 - - - - 430 - - 4 - - -15 -3%
3.0 Clicars 2015 Madrid Funded - - - - - 5 2.2k - - 1 - - 9 -
3.0 TipiTop 2015
San Pedro
Garza
Garcia
Seed $65k 1 - - - 5 341 - - - - - -8 -2%

Incubators Rocket Internet (#1), Dreamit (#1)
Seed SV Angel (#1), Kae Capital (#1)
Series A/B Sequoia Capital (#1), FJ Labs (#1)
Series C+ GGV Capital (#1), Warburg Pincus (#1)
VarageSale Nov - 2017
Acq by VerticalScope
Shpock Sep - 2015
Acq by Schibsted Media Group
Series A
CoinAfrique (2014, Dakar, $3.1M)
$39M - Series D
$150M - Series D
$5.3M - Series A
Daangn Market (2015, Seongnam-si,
$6.4M)
$3.1M - Series A
$694k - Seed
Paperclip (2014, London, $694k)
$100M - Series D
$1.2M - Seed
Tradee (2014, Paris, $1.2M)
$175M - Series C
$1.1M - Seed
Daangn Market (2015, Seongnam-si,
$6.4M)
Mar 2019 Shpock moves towards transactional model, AIM Group
Dec 2018
Buuy app launches to take on Shpock and Gumtree in selling
locally, Tamebay
Nov 2018
BREAKING: French media group Trace acquires stake in
Senegal’s CoinAfrique, Ventureburn
Nov 2018
The Dallas Mavericks and 5miles Expand Partnership with
EVERFI to Support Digital Entrepreneurship Program,
GlobeNewswire
Oct 2018
How The Shpock Shopping App Weaned Itself From
Demographic Data, AdExchanger
Sep 2018
5miles Announces Tokenized Rewards Program for
Marketplace Users, VentureBeat
Sep 2018
OfferUp Partners With Giant Eagle To Add 91 Supermarket
Locations To America's Largest Network Of Community
MeetUp Spots, PR Newswire
Aug 2018 VerticalScope Inc. Acquires RedFlagDeals.com, PRWeb
Aug 2018
LetGo, the 2nd-hand shopping app, raises another $500M at
over a $1.5B valuation, TechCrunch
Jul 2018
Craigslist Rival OfferUp Wants To Capitalize On Car-Crazy
Consumers, Forbes
Apr 2018
SoftBank Ventures invests $4.2 million in used goods trading
app, ZDNet
Apr 2018
Shpock launches platform for car dealers alongside TV
advertising campaign, AM
Apr 2018
CoinAfrique, classified ads platform in West Africa, raises
€2.5M in Series A Round, Innovation-village
News
3
2
6
26
90
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Multi-category > Listing Platform > Mobile-first: Market Factsheet
66
Exits
Recent InvestmentsCompanies that offer mobile-first
listing platforms
Letgo
OfferUp
(2012, Bellevue, $370M)
5miles
(2014, Dallas, $35M)
VarageSale
(2012, Toronto, $34M)
Daangn Market
(2015, Seongnam-si, $6.4M)
Top Companies
Second Hand Goods > Market Details > Market: Mobile-first
Companies Created 90 | Funded 26 | Total Funding $1.1B
0
2
4
6
8
10
$0k
$50M
$100M
$150M
$200M
$250M
$300M
2014 2015 2016 2017 2018
YoY Funding Rounds
Market: Mobile-first

Multi-category > Listing Platform > Mobile-first: Top Companies
Analyst’s Pick
Naspers, Accel Partners, Insight Venture Partners
Warburg Pincus, GGV Capital, T. Rowe Price and 13
Other Investors
5miles (2014, Dallas, $35M)
Online listing place for pre-owned products
Morningside Ventures, SIG China, Blue Lake Capital
goods
Sequoia Capital, Floodgate Fund, Inovia Capital and
3 Other Investors
Analyst’s Pick
Daangn Market (2015, Seongnam-si, $6.4M)
Location-based classifieds platform for multi-
category products
Kakao Investment, Sturdy Ventures, SoftBank
Ventures Korea and 5 Other Investors
App-based listing platform for pre-owned products
TRACE, Investisseurs & Partenaires, French
Partners, Mercure International
Shpock (2010, Vienna, $2.8M)
App based listing platform
Minicorn. Stage: Acquired
HTGF, True Ventures, Founder Collective and 2
Other Investors
ListUp (2015, Mumbai, $613k)
Hyperlocal mobile marketplace to buy and sell used
goods
Editor's Pick. Stage: Seed
Kae Capital, Aprameya Radhakrishna, Sandeep
Tandon and 3 Other Investors

68
Multi-category > Listing Platform > Mobile-first: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Letgo 2015
New York
City
Series D $625M 5 - 5 - - 67.7k 82.5M 1442.6k 15
197.7
k
16% 9.8k 17%
4.5 OfferUp 2012 Bellevue Series D $370M 7 - 5 4 3 36.8k 30M 664.9k 12 79.1k 13% 3.6k 11%
4.0 Shpock 2010 Vienna Acquired $2.8M 3 - 4 - - 11.4k 30M 368.6k 8 20.3k 6% -55 -
4.0 CoinAfrique 2014 Dakar Series A $3.1M 2 - 4 4 3 1.6k 3M 5.7k 3 1.8k 44% 80 5%
4.0 5miles 2014 Dallas Series B $35M 2 - 5 3 3 7.8k 7.5M 104.4k 14 5.5k 5% 200 3%
4.0 VarageSale 2012 Toronto Acquired $34M 5 - 5 - - 3.1k 3M 72.1k 6 2k 3% -24 -1%
3.2
Daangn
Market
2015
Seongnam-
si
Series A $6.4M 2 - 5 1 1 - 3M 16.6k 1 9.5k 133% - -
3.1 Village 2015 London Seed - 1 - 4 - - 251 300k 363 - 92 34% 10 4%
2.5 Vidpost 2017 London Unfunded - - - 5 5 4 424 3k 38 - 13 52% - -
2.4 Paperclip 2014 London Seed $694k 2 - 4 - - 1.2k 3k 33 3 3 10% -15 -1%
2.2 ListUp 2015 Mumbai Seed $613k 2 5 - - - 88 - - 1 - - -1 -1%
1.8 Tradono 2013
Copenhage
n
Seed - 1 - - - - 100 - - - - - -1 -1%
1.7 Tradee 2014 Paris Seed $1.2M 1 - - - - - - - 1 - - - -
1.6 Tradr 2015 Cambridge Unfunded - - - 4 - - 709 30k 1.1k - 16 2% -13 -2%
1.6 MoboFree 2011 Abuja Seed - 2 - - - - 55 - - 1 - - -5 -8%

Incubators Antai Venture Builder (#1), Y Combinator (#1)
Seed FJ Labs (#1), Andreessen Horowitz (#1)
Series A/B Insight Venture Partners (#2), Accel Partners (#1)
Series C+ GGV Capital (#1), Temasek (#1)
Videdressing Nov - 2018
Acq by Leboncoin
BuyMyWardrobe May - 2018
Acq by Hardly Ever Worn It
Bib +Tuck Aug - 2015
Acquired
$3.5M - Series A
Seed
$1.2M - Seed
The Next Closet (2013, Amsterdam,
$2.3M)
$250k - Seed
TPH Marketplace (2016, Stockholm,
$250k)
$1M - Seed
CoutLoot (2015, Mumbai, $1M)
$120k - Seed
Bump (2016, Hayes, $120k)
$87.5M - Series D
$1.2M - Seed
United Wardrobe (2013, Utrecht,
$1.2M)
$928k - Seed
Elanic (2014, Bangalore, $928k)
Mar 2019
Poshmark CEO Manish Chandra credits Marie Kondo and the
social experience for his company’s boom, Recode
Feb 2019
Poshmark Appoints Serena Williams to Board of Directors,
PR Newswire
Feb 2019
GoTrendier raises $3.5 million to take on Spanish-language
fashion marketplaces, Tech News Universe
Feb 2019
Sellers Choice 2019 Marketplace Ratings: Poshmark,
EcommerceBytes
Feb 2019
Cardi B and Queer Eye influence online fashion shoppers as
social commerce takes hold, Fashion Network
Jan 2019 Modacruz resets commissions to zero, AIM Group
Sep 2018
Behind the turnaround that netted Vinted €50 million,
TechCrunch
Aug 2018
Lithuania's Vinted attracts 50 mln euros investment, Baltic
Course
Aug 2018
How Poshmark's sellers made $1B off the 'social mall', Retail
Dive
Jun 2018
CoutLoot Introduces Firesell: India’s Fastest AI-based selling
feature, DQWeek
May 2018
Online fashion marketplace Poshmark says its sellers have
made $1 billion, Reuters
May 2018
Spain’s Banco Sabadell Invests in Mexican Mobile Fashion
Marketplace Trendier, LAVCA
Apr 2018
Coutloot raises $1 million in Pre-Series A funding from
Jadevalue Fintech,others, TechStory
Nov 2017
Poshmark builds a styling tool for Amazon's Alexa-powered
devices, DigitalCommerce360
News
4
3
9
40
77
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Fashion > Horizontal > Commission-based Marketplace: Market Factsheet
69
Exits
Recent InvestmentsCompanies facilitating trading of
second hand fashion products
with payment and logistics
support
Poshmark
(2011, Menlo Park, $203M)
Vinted
(2008, Vilnius, $60.6M)
Videdressing
(2009, Paris, $13M)
PrivateGriffe
(2012, Milan, $5.1M)
GoTrendier
(2016, Mexico City, $3.5M)
Top Companies
0
2
4
6
8
10
12
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
$160M
2014 2015 2016 2017 2018
YoY Funding Rounds

Fashion > Horizontal > Commission-based Marketplace: Top Companies
Analyst’s Pick
Temasek, Mayfield, Menlo Ventures and 13 Other
Investors
Vinted (2008, Vilnius, $60.6M)
Online marketplace for pre-owned fashion products
Minicorn. Stage: Series C
Accel Partners, Insight Venture Partners, Hubert
Burda Media and 2 Other Investors
Minicorn. Stage: Series A
Banco Sabadell, IGNIA, Antai Venture Builder and 2
Other Investors
CoutLoot (2015, Mumbai, $1M)
P2P marketplace of pre-owned fashion products
Artha India Ventures, Venture Catalysts, JadeValue
FinTech and 7 Other Investors
Analyst’s Pick
Elanic (2014, Bangalore, $928k)
Mobile based P2P marketplace to buy and sell
fashion products
DG Incubation, Beenos, Beenext and 6 Other
Investors
Refash (2015, Singapore, $294k)
Online store for pre-loved women's wear
TBV Capital, TRIVE, Plug and Play Tech Center

71
Fashion > Horizontal > Commission-based Marketplace: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Poshmark 2011 Menlo Park Series E $203M 6 - 4 - - 104.5k 30M 54.6k 27 8.3k 18% 5.2k 5%
4.2 Elanic 2014 Bangalore Seed $928k 2 4 4 - - 592 3M 17.2k 2 4.9k 40% 106 22%
4.1 ModaCruz 2014 Istanbul Series B $3M 3 - 4 - - 3.7k 750k 7.9k 4 3.2k 68% -10 -
4.1 CoutLoot 2015 Mumbai Seed $1M 4 - 4 - - 387 3M 4.5k 6 2.9k 166% 5 1%
3.9
United
Wardrobe
2013 Utrecht Seed $1.2M 1 - 4 - - 1.6k 750k 2.8k 2 924 50% 74 5%
3.9 Vinted 2008 Vilnius Series C $60.6M 4 - 4 - - 4.6k 7.1M 100.6k 7 191 - -71 -2%
3.9 Videdressing 2009 Paris Acquired $13M 5 - 4 - - 8.9k 300k 1.8k 3 1.4k 287% -62 -1%
3.6 GoTrendier 2016 Mexico City Series A $3.5M 2 3 4 4 3 1.1k 750k 1.9k 1 884 90% 179 22%
3.5 Dolap 2016 Istanbul Funded - - - 5 4 4 196 3M 24.1k 1 16.5k 215% 42 27%
3.2
The Next
Closet
2013 Amsterdam Seed $2.3M 2 - 3 - - 495 8k 37 2 17 85% 8 2%
3.2 Chicfy 2013 Espana Seed $493k 1 - 4 - - 4.4k 3M 12.8k - 1.8k 16% -32 -1%
2.9 Dabchy 2016 Tunis Seed $45k 1 - 4 - - 734 75k 307 - 162 112% -5 -1%
2.9 Vinted 2008 Vilnius Series B - 2 - 5 4 3 369 300k 9.6k - 662 7% -12 -3%
2.9 PrivateGriffe 2012 Milan Series B $5.1M 2 - - - - 837 - - - - - - -
2.8
TPH
Marketplace
2016 Stockholm Seed $250k 1 - - - 4 77 - - 1 - - 6 8%

Second Hand Goods > Market Details > Market: Listing Platform
Companies Created 412 | Funded 43 | Total Funding $1.4B
Market: Listing Platform

Second Hand Goods > Market Details > Market: Refurbisher
Market: Refurbisher

Market: Refurbisher

Second Hand Goods > Market Details > Market: Online Dealer
Market: Online Dealer

Second Hand Goods > Market Details > Market: Luxury
Market: Luxury

Market: Luxury

Second Hand Goods > Market Details > Market: C2B
Market: C2B

Market: C2B

Market: Luxury

Second Hand Goods > Market Details > Market: Buy-back only
Companies Created 76 | Funded 15 | Total Funding $55.9M
Market: Buy-back only

#1 Top Markets of Early Stage Investors

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
105
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/3)
107
Performance indicators of public companies in Second Hand Goods
IPO Date Company
IPO
Mcap
Exchange
Ticker
Nov 2018
TuanChe (2009, Beijing)
Online portal to buy second hand automobiles
NASDAQ:TC
Jun 2018
Uxin (2011, Shenzhen)
A B2C used-car auction website
NASDAQ:UXIN
Jun 2018
Mercari (2013, Palo Alto)
P2P mobile first marketplace for multi-category products
$3.7B TYO:4385
Oct 2017
Reebonz (2009, Singapore)
Online consignment platform for pre-owned luxury fashion products
NASDAQ:RBZ
Oct 2017
CarGurus (2006, Cambridge)
Online new/used car buy and sell platform
$1.7B NASDAQ:CARG
May 2017
NYSE:CARS
Apr 2017
Carvana (2012, Phoenix)
$2B NYSE:CVNA
Mar 2015
Auto Trader (1977, Manchester)
Online used car listing platform & new car content portal
$2.8B LON:AUTO
May 2014
TrueCar (2005, Santa Monica)
Auto listing platform providing car pricing and information
$639M NASDAQ:TRUE
Oct 2013
58City (2005, Beijing)
Online classifieds platform
$187M NYSE:WUBA
Second Hand Goods > Exit Outlook > Public Companies

108
IPO Date Company
IPO
Mcap
Exchange
Ticker
Nov 2012
iCarAsia (2012, Kuala Lumpur)
Network of online automotive sites in Asia
$29.1M ASX:ICQ
Dec 2011
$1.1B NZX:TME
Oct 2009
Carsales (1998, Melbourne)
Automotive classifieds for cars
ASX:CAR
Aug 2007
MercadoLibre (1999, Buenos Aires)
Online horizontal marketplace for pre-owned products
NASDAQ:MELI
Dec 2000
USS (1999, Ebetsu)
Used car auctions facilities provider
4732
Sep 1998
EBay (1995, San Jose)
Connected Commercial Marketplace
$715M NASDAQ:EBAY
Mar 1994
Copart (1982, Dallas)
Online marketplace for buying & selling of used and salvaged cars
NASDAQ:CPRT
Online platform to buy, sell & trade pre-owned motorcycles
NASDAQ:RMBL
Oto.net (2013, Besiktas)
Online listing platform for used vehicles in Turkey
Carzone (1998, Dublin)
Online portal for buying and selling used and new cars

109
IPO Date Company
IPO
Mcap
Exchange
Ticker
Carbiz (2003, Baltimore)
Used car dealer
Baixing (2005, Shanghai)
Online Classifieds Website
Autohome (2008, Beijing)
Auto related content and listing vertical portal

Notable Acquisitions (1/4)
110
Notable Acquisitions in Second Hand Goods
Second Hand Goods > Exit Outlook > Notable Acquisitions
2018
Acquirer: Farfetch Deal: $250M
Stadium Goods (2015, New York City, $4.6M)
Consignment store for premium sneakers and
apparel
Acquirer: Mahindra First Choice Services
Carnation (2009, Noida, $44M)
Online listing portal to buy new and used cars along
with car service
2017
Acquirer: VerticalScope
goods
Acquirer: Carsales Deal: $186M
SK Encar (2014, Seoul, $126M)
2016
Acquirer: Fair
Beepi (2013, Menlo Park, $149M)
P2P car selling marketplace with consignment
services
Acquirer: Thoma Bravo Deal: $1.2B
AutoTrader.ca (2000, Etobicoke)
Used Automobile listing portal & content portal
Acquirer: Letgo
Wallapop (2013, Barcelona, $71M)
Mobile app based marketplace and classified
platform

111
2015
Acquirer: Deal: $18M
Gazelle (2006, Boston, $47.9M)
Online buy-back platform and marketplace for pre-
owned electronics products
Acquirer: Naspers Deal: $1.2B
products
Acquirer: Olx Deal: $190M
Acquirer: EBay
Twice (2011, San Francisco, $23.1M)
Online outright buy platform for used womens'
fashion products
2014
Acquirer: Gannett Deal: $1.8B
Acquirer: KKR Deal: $1.1B
CarsDirect (1998, El Segundo, $310M)
Online new and used car buying service
Acquirer: Axel Springer SE Deal: $229M
Yad2 (2005, Tel Aviv)
Classified website in Israel
2012
Acquirer: QVC
Oodle (2004, San Mateo, $23.1M)
Online horizontal classifieds
Acquirer: Netcycler
Swap.com (2008, Boston, $50M)
Online consignment platform

112
2011
Acquirer: Schibsted Media Group
DoneDeal.ie (2005, Wexford)
Online marketplace to buy and sell goods and
provide classified advertisment
Acquirer: KAR Auction Services
Deal: $210M
Openlane (1999, Redwood City, $10M)
Acquirer: CarShop
Autoquake.com (2005, London, $33.7M)
2010
Acquirer: Naspers
Olx (2006, New York City, $28.5M)
International online classifieds
Before 2008
Acquirer: MercadoLibre Deal: $40M
Deremate (1999, Buenos Aires, $57M)
Auction-based trading platform
Acquirer:
AutoReflex (1999, Paris, $22M)
Classified ads portal for used vehicles
Acquirer: Oak Hill Capital Partners
Alibris (1997, Emeryville, $56.2M)
Online marketplace for books, music & movies
Acquirer: Fairfax Media Deal: $466M
Acquirer: Kijiji
Gumtree (2005, London)
Online Classified Ads and Community Site
Acquirer: autoTRADER.ca Deal: $200M
Trading Post (1966, Melbourne)
Horizontal classifieds platform

113
Before 2008
Acquirer: EBay Deal: $374M
Online marketplace for buying and selling used
books and media

Most Active Acquirers
114
Second Hand Goods > Exit Outlook > Most Active Acquirers

Acqui-hires
115
List of Acqui-hires in Second Hand Goods
Excludes all details for Chinese companies
Date Target
Oct-18 Prelo Acq by Bukalapak
Jul-17 Secondcry Acq by Elanic
Oct-16 WeAreGadgets Acq by Dealberg
Second Hand Goods > Exit Outlook > Acqui-hires
View all 3 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
116
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Second Hand Goods > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Second Hand Goods; Last 5 years (Mar 2014 - Feb 2019)
Index of Most Active VC & PE Investors
SEED STAGE
SV Angel (2 Investments)
Greylock Partners (2 Investments)
Blume Ventures (2 Investments)
Kae Capital (2 Investments)
Beenos (2 Investments)
Bonsai Venture Capital (2 Investments)
Lumia Capital (2 Investments)
GV (2 Investments)
Rebright Partners (2 Investments)
CyberAgent Ventures (2 Investments)
JamJar Investments (2 Investments)
Raed VC (2 Investments)
Civeta (2 Investments)
EARLY STAGE
Accel Partners (7 Investments)
Sequoia Capital (3 Investments)
HV Holtzbrinck Ventures (3 Investments)
Insight Venture Partners (3 Investments)
Beenext (3 Investments)
Shunwei Capital (2 Investments)
Beenos (2 Investments)
Piton Capital (2 Investments)
Tengelmann Ventures (2 Investments)
Eight Roads Ventures (2 Investments)
Tekton Ventures (2 Investments)
Sherpa Capital (2 Investments)
GMO Venture Partners (2 Investments)
LATE STAGE
GGV Capital (2 Investments)
Warburg Pincus (2 Investments)
Tiger Global Management (2 Investments)
Goldman Sachs Investment Partners (2
Investments)
Temasek (2 Investments)
Sequoia Capital
Morningside venture Capital
General Catalyst Partners
Upfront Ventures
Matrix Partners India
TA Ventures
Index Ventures
DCM Ventures
Kinnevik
Tengelmann Ventures

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