Carasti
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 2.2m | 3.2m | 3.2m |
% growth | - | 45 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
$3.0m | Seed | ||
* | $2.0m Valuation: $15.0m | Seed | |
$850k | Early VC | ||
N/A | $2.0m | Convertible | |
Total Funding | AUD12.1m |
Related Content
Recent News about Carasti
EditCarasti is a startup that revolutionizes the car leasing market by offering flexible car subscription services. Operating primarily in the United Arab Emirates, including cities like Dubai, Abu Dhabi, and Sharjah, Carasti provides an innovative alternative to traditional car ownership and leasing. The company caters to a diverse clientele, ranging from expatriates and business professionals to locals who prefer flexibility over long-term commitments.
Carasti's business model is centered around car subscriptions, allowing customers to access new and nearly new cars without the financial burden of down payments or loans. Clients can choose from a wide range of vehicles, including brands like Audi, BMW, Cadillac, Chevrolet, Citroen, Infiniti, Jaguar, Lamborghini, Mazda, Mercedes Benz, Mitsubishi, Nissan, Porsche, Renault, Toyota, and VW. The subscription plans are highly adaptable, offering durations from as short as one month to as long as 24 months.
The company makes money through monthly subscription fees, which vary depending on the car model and the length of the subscription. For instance, a Mitsubishi Attrage 2022 can be subscribed to for AED 1,349 per month, while a Chevrolet Tahoe 2021 costs AED 6,209 per month. These fees cover not just the use of the car but also include services like maintenance, insurance, and in some cases, even fuel.
Carasti's value proposition lies in its flexibility and convenience. Customers can switch cars, pause their subscription, or have the car delivered to their preferred location, making it a hassle-free experience. This model appeals particularly to those who need a car for a short period or prefer not to be tied down by long-term financial commitments.
In summary, Carasti is disrupting the traditional car leasing market with its flexible, customer-centric car subscription services, making it easier for people to access and drive cars without the usual financial and logistical burdens.
Keywords: car subscription, flexible leasing, UAE, new cars, used cars, no down payment, short-term lease, maintenance included, insurance included, car delivery.