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Vroom has raised $95 million to expand its online car-buying empire

By Sal McCloskey1 min readGoogle News

Technology isn’t just changing the way we drive vehicles, it’s also changing the way we buy them. A New York City-based startup by the name of Vroom is one of the companies bringing about this change by selling used cars online. With more than $300 million in revenue this year, Vroom clearly knows what it’s doing, which why investors just poured $95 million in funding into the company. The funding is being used to acquire a Houston-based startup by the name of Texas Direct, which refurbishes cars and then sells them online, having become the largest seller on the eBay Motors site.

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