CARUPI

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City: São Paulo

State: Sao Paulo

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Country: Brazil

CARUPI is a managed peer-to-peer marketplace for used cars starting in Brazil. Just like Airbnb did for homes we are building the safest, most trusted and easiest way to buy and sell a car, reinventing the archaic experience of things such as Craigslist or car dealers. Today if you want to buy and sell a car you have two bad options: 1) classifieds which are unsafe and require a lot of work or 2) car dealers which will offer you a much worse price than private parties in order to cover their fixed cost. The way CARUPI works is that we send professional photographers to your home to take photos of your car, we publish it on classified sites, manage the back-forth with buyers so you don&s;t need to interact with them and using our escrow we manage the entire transaction end-to-end. The market for this is absolutely huge - $70B in Brazil alone and over $2T globally. Just like Airbnb changed vacation rentals and homes from classified and travel agents we will change the used car industry from the ground up. Founder Diego Fischer, founder and CEO of CARUPI, has previously built the largest C2B car marketplace in Brazil. Led it to US$100M GMV run rate in 2.5yrs. Raised US$30M. Led 220 people. Allowed investors to conduct secondary exit. McKinsey, Goldman Sachs and MIT alum (GPA 5.0/5.0). Electrical Engineering undergrad from Polytechnic School of the University of São Paulo, where he learned how to code.

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