SellAnyCar.com, the UAE-based online used car marketplace, is all set to launch operations in Saudi Arabia under the brand name Kayishha.
The new venture will see Kayishha leveraging SellAnyCar’s core value proposition and advanced technology engine with a comprehensive global dealer network and auto inspection location. This, according to the company, will ensure that users across the Saudi can buy any car make or model in any condition within 30 minutes at the best market price.
SellAnyCar has acknowledged that its expansion into Saudi was made possible by a recent $35 million investment round led by Sanabil Investments, a unit of the Saudi Arabia Public Investment Fund.
Kayishha will be headquartered in Riyadh, with the city also hosting the company’s customer service center. The company expects to create more than 300 local jobs in Saudi in the next 18 to 24 months.
“We see tremendous opportunity for Kayishha to redefine how used cars are bought and sold in Saudi the same way SellAnyCar.com totally disrupted the UAE used car marketplace,” said Saygin Yalcin, founder, and CEO of both SellAnyCar.com and Kayishha.
“We’ve taken the pain points out of the process for both the seller and buyer and effectively leveled the playing field so both parties get what they most want and need. Dealers can get a daily list of available cars to keep their lots well stocked. At the same time, the sellers get a simple, stress-free and transparent way to immediately get fair market value for their cars. Everybody wins.”
Yalcin also noted that the SellAnyCar platform has a well-documented ability to quickly assess the fair market value of any car with a staggering 92% accuracy.