From the initial platform for used cars, Carmudi now offers a section of brand-new models with the enlistment of most distributors and dealers of all the car brands available in the country. Juan Gregorio “Cholo” Syquia, the Managing Director of Carmudi Philippines, has emphasized the company’s efforts to make clients their topmost priority. With that Carmudi Philippines ensures they only provide the best service so clients can find their dream vehicle online.
True to its record as the world’s preferred outsourcing hub, Philippines is now Carmudi’s IT development hub for their global operations. The leading automotive portal in Asia has also announced $10 million in new funding round last December to grow the Philippines, Indonesia, and Sri Lanka markets. “There are lots of good technologies, but no service. Service is practically putting the technology into good use”.
Carmudi recently raised $10 million in funding, the bulk of the money going to the Philippines and Indonesia to further growth of the brand. In an interview with DealStreetAsia, Carmudi Philippines Managing Director Cholo Syquia said “Like in any industry, competition should always be seen as another party to challenge you to be the best of whatever field you are in. While we don’t have direct competitors, we are always on our toes to always deliver the best technology and service to all our users”.
In this interaction, Syquia talks about Carmudi’s plans for the Philippines, the startup’s milestones last year, and how the new tax law in the country could affect car sales in the futures. “We will see Carmudi as the primary automotive online platform. We envision CARMUDI to be synonymous with all things automotive online.”