CARDEKHO GROUP
CarDekho Group eyeing 40% consolidated growth in FY25: Founder Amit Jain
CarDekho Group, led by CEO Amit Jain, eyes 40% growth in FY25 with profitable auto marketplace and IPO plans. Expansion in Southeast Asia and the Middle East, entrepreneurship culture, and holistic user offerings drive the Group's success.
Rupyy appoints Vineet Tripathi as chief business officer
Vineet Tripathi has over two decades of experience with banks, insurance companies and NBFCs. In his previous stint, he served as the chief business officer at Poonawalla, and has held leadership positions at Bandhan Bank, Tata Capital, Kotak Mahindra Bank, GE Money and Birla Sun Life Insurance.
CarDekho FY23 revenue at Rs 2,331 crore; loss at Rs 562 crore
During FY23, the Peak XV Partners-backed CarDekho ceased its retail used-car sales business and consumer-to-business (C2B) vertical citing unviable unit economics.
'Shark Tank India' gears up for season 3 with new 'Sharks'; Zomato chief Deepinder Goyal, OYO boss Ritesh Agarwal join jury
The shooting of the third season of 'Shark Tank India' has already begun! Let's meet the news 'Sharks' in town.
Trifecta Capital announces final close of third venture debt fund at Rs 1,777 crore
With this closing, Trifecta Capital has raised nearly Rs 5,000 crore, spanning three venture debt funds and one growth equity fund in the last eight years. In addition to existing investors, the Fund-III drew interest from new investors, including global financial institutions, domestic conglomerates, banks, insurance companies, and development financial institutions.
The Pai-and-Kamath way to startup investing; and other top tech stories this week
Bluestone is only the latest in the list of investments by Pai and Kamath, but this marks the growing pace at which they are signing new cheques at a time mid-to-large scale startups are finding it hard to score new funding.
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Bar Council of India allows entry of foreign lawyers and law firms in India
This is a significant development since now foreign law firms will be able to establish their offices in India to advise clients on transactional and corporate work such as joint ventures, mergers and acquisitions, intellectual property matters, drafting of contracts and other related matters.
Vikas D. Nahar, the newest ‘guest shark’ on Shark Tank India, to choose emerging entrepreneurs
Vikas D. Nahar, the founder of Happilo, will appear as a “guest shark” alongside Aman Gupta, Amit Jain, Vineeta Singh and Namita Thapar in a special digital-only episode of Shark Tank India 2.
CarDekho Group narrows loss to Rs 246 crore in FY22
The firm which enables buying and selling cars and bikes, including electric vehicles, besides providing information and research; insurance broking and financing for cars on its platform said it witnessed significant growth across all its business segments in FY22.
CarDekho to infuse $100 million in its fintech subsidiary Rupyy
IPO-Bound car search platform CarDekho Group on Monday said it aims to infuse $100 million in its Fintech entity called Rupyy in a mix of debt and equity.
Passion Connect acquires workplace skilling platform CoEmerge
CoEmerge’s client base presently includes Sony Pictures Network, Pernod Ricard, Landmark Group, Nasscom, Hero MotoCorp, India Today Group, CarDekho, and more.
CarDekho Group appoints Sharad Saxena as CEO for used-car business
Saxena, with over 16 years of experience in various global firms, has previously worked with McKinsey & Co India Office as a senior advisor, and as Chief Operating Officer (COO) at OYO Rooms for its flagship hotels franchise business in South Asia, CarDekho said. His other professional experience spans different marquee organisations such as ITC Limited, Max Healthcare, and Ranbaxy in various strategic capacities, it added.
CarDekho maps a South East Asia trip from Malaysia
Girnar-Software-owned CarDekho sells vehicles online in the National Capital Region, Mumbai and Bengaluru. It has businesses in Indonesia and Philippines as well.
CarDekho Group appoints Mayank Gupta as chief financial officer
Jain said, "2021 has been a remarkable year for CarDekho, as the company has entered the Unicorn Club... Mayank's proven track record of leadership, strategic thinking and financial acumen will benefit the company in the next phase of its growth."
CarDekho enters unicorn club with $250 million funding led by Leapfrog Investments
The round includes $200 million Series E equity and $50 million as debt in its pre-IPO round, sources in the know told ET.
Truecaller goes public; CarDekho heads for unicorn club
Truecaller, the Swedish-yet-desi company that changed the way we all use our phones, made its debut on Nasdaq Sweden earlier today with a market cap of about $2.5 billion.
Exclusive: CarDekho set to turn unicorn with Mirae, AIA Group-led funding round
CarDekho is in advanced talks to raise $100-150 million in a funding round led by Hong Kong-based insurance giant AIA Group and South Korea’s Mirae Asset Group at a post-money valuation of $1.2-1.4 billion.
Cardekho in talks to raise $150 million, may get unicorn status
Cardekho, which expects to close the ongoing funding round in the next couple of months, will use the resources to expand its e-commerce platform for used cars.
CarDekho Group plans expansion across Southeast Asia in next two years
The company, which is currently in the process of deploying $25 million for the expansion programme, will enter Malaysia this year followed by Thailand and Vietnam next year
CarDekho launches advanced GPS vehicle tracking system
Powered by a compact plug-and-play device that can be connected to any vehicle, Uplink provides round the clock safety, security and surveillance of the vehicle.
Best cars for different budgets to buy in 2021
To help you identify the car of your choice, ET Wealth in collaboration with Cardekho.com, enlists some expected car launches this year. We have categorised top five choices in three price bands: below Rs 7 lakh, between Rs 7 and 15 lakh, between Rs 15 and 40 lakh.
CarDekho to buy back Esops worth $3.5 million
CarDekho, owned and operated by the GirinarSoft Group, had repurchased Esops worth $2 million in April last year, benefiting 71 employees.
CarDekho raises $70 million in new funding round led by Ping An Global Voyager Fund
Sunley House Capital Management is the second new investor, while CarDekho’s existing backers, Sequoia Capital and Hillhouse also participated
I am an accidental startup investor: Ratan Tata
"I had always looked at the startups as a sector that is exciting but somewhat untouchable because somewhere there would have been a conflict of interest with Tata Group," he said.
CarDekho looks at doubling revenue in FY20 to Rs 520 crore
The company will deploy the resources to expand its used car transaction services business and launch operations in two new markets in Southeast Asia in the course of the ongoing financial year.
Asian private equity manager Pacific Alliance Group to enter India
PAG, which manages assets amounting to well over $20 billion, is set to name Nikhil Srivastava from KKR as the head of private equity operations in India.
CarDekho’s parent lands $110m from Sequoia, others
New round values firm between $400 m & $500 m, Axis Bank in investor list.
CarDekho raises $110 million to expand used car business
With this latest round of funding, the company has so far raised a total of $185 million.
CarDekho raises $100 million in latest investment round
The funding round led by Sequoia Capital’s global growth fund as well as existing investor Hillhouse Capital, values the Gurgaon-based firm at $400-$500 million.
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