ISB and NIT Graduates Startup HopCar to Connect Car Buyers to Sellers
The second-hand car market in India is huge. Close to 3.5 million used cars are bought and sold every year, and that number is just going to increase to more than 10 million in the next five years. That means over 20 million customers will be engaged in this market, and all with an average transaction value of Rs 3Lakhs. Anish Karan, Rahul Thakur, Rahul Anand and Arijit Biswas decided to tap into this market and start up in June 2015 to capture a sizeable chunk of the market.
“The market of second hand cars is complicated and there is absolutely no solution available, particularly for Peer-to-Peer transactions,” says Arijit Biswas, an ISB graduate. The company connects Buyers directly to Sellers assuring quality at accurate prices to help you effortlessly hop cars. “We thought the name Ho...