Zoopla entrepreneur Chesterman revs up his next business

In case you were wondering . . . Zoopla founder Alex Chesterman is making progress towards his next ambition, to shake up the secondhand car business.

Cazoo has yet to go live but has so far raised £30m in funding, hired some 100 staff in the last six months and just signed a five-year lease on 17,500 sq ft offices in London.

Cazoo was founded last year by Chesterman after he sold ZPG for £2.2bn to US private equity firm Silver Lane.

It is due to go live in the last quarter of this year.

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4 Comments

  1. JordanBrooks88

    I wasn’t wondering, but thanks anyway.

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    1. Mclovin

      Awesome reply!! made me chuckle.. haha

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  2. Bless You

    Interesting. Why does a billionaire need funding for a new business? Surely could use his own cash?

     

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    1. NotAdoctor32

      Just in case?

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