INSUBCONTINENT EXCLUSIVE:
Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun
out Match.com and OkCupid
The company plans to use the investment to fuel its growth, further refine the customer experience aspect of its product and generally
support its overall mission of increasing utilization rates for the more than one billion cars currently estimated to be on the road around
The company now has almost 400,000 vehicles available on the platform, with over 10 million users across both those listing their cars and
Turo says its growth rate overall has been at around 2x over the past two years, and at 8x in its burgeoning international markets,
