Cary unveils ‘Series A Funding’ at ArabNet Digital Summit 2014
Cary, the world’s first social mobile app for buying and selling cars, was a recent prominent participant in the ArabNet Digital Summit 2014. This important international conference is taking place from June 3-5 at the Atlantis, The Palm, in Dubai.
Cary used this prestigious conference, which showcases the latest digital products from all over the world, with a particular Middle Eastern emphasis, as an opportunity to make several major announcements.
Cary firstly unveiled its intention to launch version 2.0 of its smart application, which can be used by people all over the world to buy and sell vehicles in real time. The latest version of this innovative mobile app is scheduled to be initially launched to a limited number of market experts, before going public by end of June, 2014.
The new version will include a plethora of original features and functionality. Among these is a brand new exploration section, which enables users to browse through selections of their favourite cars. The social aspect of Cary has also been updated; Cary users can now join and follow groups which are continually updated to enable users to keep updated with the latest news.
Additionally, user profiles can now be personalised, with Cary now enabling users to add a photograph and full profile. The profile feature offers similar functionality to online marketplace websites, enabling you to view purchase history, user ratings and more.
Cary is also the only car-based mobile app in the world which features in-app messaging. This enables users and dealers to exchange both messages and photographs privately, enhancing the buying and selling process.
In addition to the completely new version, Cary unveiled its intention to seek a ‘Series A Funding Round’ for its app in order to take the already esteemed application to the next level and provide an opportunity for investors to invest in this unique project.
Commenting on their participation in the ArabNet Digital Summit 2014, Cary founder Mohammed Johmani had the following to say: “The ArabNet’s Digital Showcase was the ideal venue for Cary to launch a number of its latest innovations and business initiatives. Although we view Cary as very much a global enterprise, we nevertheless have a particular affinity with the Middle East region, and so were delighted to unveil our newest products in Dubai.”
Johmani stated: “The valuable new features added to the Cary app allied to the new round of funding will help it grow even more popular. The new version of Cary brings the entire automobile industry to the comfort of your smartphone. It truly makes Cary the world’s first social mobile app for buying and selling cars.”
“The intention of raising a second round of funding is to hire a whole new raft of mobile technology experts to work for Cary, with the intention of driving the company forward and making serious expansion to Cary’s operations. This will be particularly focused on launching Cary in new markets, and extending its current geographical focus,” added Johmani.
In addition, Cary also announced that the Arabic version of the app will launch in September, 2014. This will obviously be a particular boon to the Middle Eastern region; Cary’s domestic marketplace being particularly important to the company.
Cary co-founder and business development driver, Rana Tarakji stated: “Seeking this further funding will give Cary the opportunity to greatly expand our already significant operations, and bring on board some top notch technical talent to help improve Cary still further. We are extremely excited about this, and also the imminent launch of the Arabic version of Cary, which is sure to expand our already sizeable user base in the Middle East”.
Tarakji continued: “Aside from the exciting news which we have been able to announce during the ArabNet Digital Summit, Cary is also delighted to unveil an entirely new widget, branded ‘Cary Connect’, which we are hoping to launch in the near future.”
Elaborating further about Cary Connect, Tarakji added: “This whole new concept will build on the success of the Cary vehicle buying and selling app to offer a fantastic service to Middle East consumers. Cary Connect application will provide state-of-the-art technology and a unique feature set to enable users to integrate their car into their entire life experience. More news about Cary Connect will be released in due course as the app is developed and nears its release date”.
Cary is the world’s first truly social car-based mobile app, and having been initially funded through $100,000 gleaned through the popular crowdfunding site Eureeca. Cary has already achieved a large installed user base, and has established itself as a very popular application with great potential to grow still further in the near future.
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