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Vroom

10 stories about Vroom

Vroom laying off 90% of workforce, shutting down used-vehicle platform
23.01.24|Tomer HadarThe company, which peaked at a valuation of over $8 billion in August 2020 but has seen its market cap fall to $75 million, said that it is discontinuing its e-commerce operations and winding down its used vehicle dealership business, resulting in the layoff of 800 employees
Founders Group, linked to NSO co-founders revealed as early investor in Vroom
07.07.20|Meir OrbachUsed cars online retailer Vroom recently listed on Nasdaq and is currently traded at a $6.4 billion market cap
Wurtman’s roller coaster: From fears of bankruptcy in March to $6 billion exits in June
20.06.20|Diana Bahur-Nir and Meir OrbachJerusalem entrepreneur and investor Elie Wurtman, who struck gold with Vroom and Spot.io, shares insights from three months that changed his life
Online Used Car Marketplace Vroom Triples its Aim for Nasdaq IPO to $318 Million
03.06.20|Meir OrbachThe company develops an online direct-to-consumer platform that offers low-mileage reconditioned vehicles
Covid-19 is Driving the Used Car Market Online
01.06.20|Viki AuslenderCompanies like VRoom and Caravana have used the virus-imposed downtime to entrench their position
Online Used Car Merchant Vroom Wants to Raise $100 Million on Nasdaq
19.05.20|Meir OrbachAccording to its prospectus, the New York-based company made $1.2 billion in revenue in 2019, reporting a total of $143 million in net loss
Online Used Car Retailer Vroom Raises $254 Million
06.12.19|Meir Orbach Vroom develops an online direct-to-consumer platform that offers low-mileage reconditioned vehicles, with the added possibility of receiving financial aid for the acquisition through Vroom's lending partners
Online Used Car Retailer Vroom Raises $146 Million
12.12.18|CTechVroom offers low-mileage reconditioned vehicles via its direct-to-consumer platform
Online Used-Car Retailer Vroom Is Looking to Raise $70 Million, Report Says
02.09.18|CTechTechCrunch reported Sunday that the New York-based company has already raised $30 million towards its goal
Online Used-Car Retailer Vroom Raises $76 Million
17.07.17|Meir OrbachCurrently employing around 600 people in the U.S., the company raised $295 million so far; T. Rowe Price Group, General Catalyst and Pico Ventures participated in the funding round

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