CarFirst has decided to wrap up its operations in Pakistan. The digital marketplace for selling cars made the official announcement via its official LinkedIn announcement earlier today.
The company was conceived in 2016 by Raja Murad Khan. It was a competitor to Pakwheels, Vava Cars, OLX car section, and a few other online buying and selling platforms.
Much like its competitors, CarFirst provided a digital marketplace to used car buyers. The company dabbled in automotive industry news and other services, however, its main focus was on buying and selling of cars.
According to details, CarFirst had 365 employees and had been operating for 6 years. Furthermore, the company got $89 million in funding during its tenure.
The company’s official post reads:
CarFirst has decided to shut down operations in Pakistan. We want to thank our team, partners, and most importantly our customers for their continued support throughout our journey. A team will stay in place to handle the entity’s closing and respond to queries from partners and customers throughout the closing period.
CarFirst isn’t the only company to face issues in Pakistan as the country’s tech-based services sector is going through a turbulent phase due to poor economic conditions forcing multiple players to pack their bags and call it a day.
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It was a fraudulent company so this is good news for Pakistani people
No
Companies like this are needed. Not fraudulent
Please provide the proof.
Very good. Because whenever you post ad ad on pakwheels or old, they call to sell car by their portal. But when you take your car to their points of inspection and sale, they make lame excuses that your car documents and other matters doesn’t fulfill our requirements. Always they used to waste our time and give lowest price offers
They were providing good service. Had really good personal experience. Its a shame that people calling them fraudulent. They provided complete and clear documentation for each deal.
If you go in open market to sell or buy used car believe me its full of vultures and real fraudulents
It is not a happier news.