News Summary

Toronto-based online car retailer Clutch has appointed Anshul Ruparell, co-founder and former CEO of Toronto proptech startup Properly, as its new Chief Financial Officer (CFO). Ruparell has been involved with Clutch as an advisor and board member for over five years. His extensive experience as a founder and in private equity and investment banking is expected to bring valuable insights as Clutch works to establish itself as a leading name in the Canadian auto market. Clutch, which recently recovered from financial downturns with a $50-million Series D funding round, plans to expand its operations across Western Canada. The company is scaling up by hiring new staff and constructing new reconditioning facilities, including a flagship facility in Mississauga, Ontario. The appointment of Ruparell signals Clutch’s commitment to strengthening its financial strategy as it navigates a challenging automotive market.