eBay acquires Caramel to reduce risk and complexity of online car sales

E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more.Founded out of Los Angeles in 2021, Caramel formally launched last year with some $19 million in funding behind it, from backers including FJ Labs, Hearst Ventures, Zeev Ventures, and Primera Capital. Caramel can be used to complete sales initiated through independent dea ...