CarsBecho The Fastest Growing Auto-Tech Startup Built On 5irechain
The used car sales market is huge. How big, you might ask. It outstrips that of new cars by a margin of almost 2:1 in the West. Because of cheaper repair options, it is even more dominant in the developing world.
Used car sales, especially in India that stood at USD23 billion in 2021, is expected to grow to USD100 billion by 2030. With the convenience of online buying, India's used car market is set to grow at a compounded annual growth of 11 per cent and is likely to grow to 8.3 million units by 2026 as more people have been choosing to ride pre-owned cars instead of new ones.
With India’s one and a quarter billion consumers who are upwardly mobile, the used car market is phenomenal. However, there is a major glitch in this business, and is ready for a major disruption. It is because there is an unorganized after-sales gap in the used cars market and it is ripe for a full-stack market model of buying, selling and repairing used cars.
Most people in the used car market are looking for the most hassle-free way to acquire a car. Oftentimes even before the car is purchased the disorganized used car market requires them to find a well reputed workshop that can repair your pre-owned car after purchasing it. Severe problems with the fraudulent sales of used cars with serious service issues has also hampered people from opting for a used car.
CarsBecho is implementing disruptive Web 3.0 technology, built on 5ireChain, with a deep channelised business model providing a completely transparent used Cars buying experience with reliability, faith, and experience. This is further backed by an aggregator based network across India equipped with over 450 in-house workshop chain.
Web 3.0 is a technology based on blockchain which allows for an extremely secure storage of data, such as a car’s repair, accident, and ownership history. The data once recorded is immutable, meaning, once recorded it can neither be deleted or altered.
CarsBecho follows a simple vision of great customer used car buying experience backed by their expert staff from searching and buying a used car to having a reliable customer service center for after purchase vehicle care.
CarsBecho offers a complete end to end solution in used car buying, selling and repairing with integrated channelised model.
The humongous and favorable response to their launch in over 7 Cities across 4 states in India, recently, has energized and bolstered their vision to introduce their business model to cover entire India by establishing more 50+ Branches in 30+ Cities within a period of 6 months!
CarsBecho.com is the world’s first Auto-tech startup built on a Web 3.0 blockchain technology with 100 per cent Secured Data & transactions, reducing the chance for fraudulent transactions, and unlawful practices that the Indian used market is rife with.
