◀ top stories Raw Feed
 

Car startup Beepi sold for parts after potential exits to Fair, and then DGDG, broke down

Original story at TechCrunch• 22 mentions • 8 months ago

 
 
Yet more developments for Beepi, the used car marketplace that had raised $150 million but then went bust: the company has completely shut down and has been sold off in parts to repay creditors. The development comes after a deal to sell itself to Fair.com, a stealth startup from car industry vets, was cancelled; and then a second deal to sell itself to Bay Area-based used car dealer group DGDG fell through, TechCrunch has confirmed with people close to the company. With no more cash for operations, Beepi instead went through an Assignment for the Benefit of Creditors (ABC process),