Cazoo

Business model

Online used-car marketplace with home delivery, buying and reconditioning vehicles for direct-to-consumer sale.

In brief

One of Europe's largest-ever tech IPOs, going public via SPAC at an $8 billion valuation to bring a Carvana-style online car-buying experience to the UK and Europe. The capital-intensive model of buying, reconditioning, and holding inventory across multiple countries proved far m…

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