Cazoo is a British automotive online marketplace and classified advertising business based in Richmond, London. Cazoo is owned by MOTORS, following its acquisition from Cazoo Holdings Limited by O3 Industries and Novum Capital.
History
Cazoo Group
Cazoo was founded in 2018 by British internet entrepreneur Alex Chesterman. It launched an online marketplace for used cars in December 2019, which became its primary business.[1]
Although based in the UK, Cazoo was listed on the New York Stock Exchange in August 2021 following a merger with a special-purpose acquisition company led by hedge fund manager Dan Och. As of its listing the company had a valuation of US$8 billion. It subsequently lost over 97% of its market value, causing Alex Chesterman to step down as CEO in January 2023.[2]