CARDEKHO
Sunny Leone buys the 'beast' Jeep Wrangler Rubicon. Check its India pricing, 4x4 capabilities, engine and other features
Sunny Leone has bought a white Jeep Wrangler Rubicon in Texas, calling it “mama’s beast” in an Instagram video. Known for its off-roading capabilities, the SUV features a 2.0-litre turbo-petrol engine, an eight-speed automatic gearbox and a four-wheel-drive system. What made her pick this vehicle and how much would it cost to buy one in India?
IMC 2026 to put DeepTech at centre of startup programme ASPIRE
India Mobile Congress 2026 will take place from October 7 to 10 at Yashobhoomi Convention Centre in New Delhi. The event will emphasise DeepTech and frontier technologies to support startups advancing from prototype to market. Over 500 startups and 300 venture capital firms are expected to participate, fostering connections through one-on-one meetings.
Amazon, Flipkart's multi-front war; India set for more GCCs
Happy Wednesday! Amazon and Flipkart have broadened their bets as quick commerce platforms chip away at their share of user base. This and more in today’s ETtech Morning Dispatch.
Carrum Mobility raises $10 million from Uber at Rs 1,505 crore valuation
Carrum Mobility has raised $10 million (around Rs 96 crore) from Uber, taking its post-money valuation to Rs 1,600 crore. The B2B fleet technology startup, which operates 5,100 vehicles across six cities, will use the funds to expand, strengthen its technology and scale Uber Black services.
CarDekho set to file for Rs 3,000 crore IPO; targets around Rs 13,000 crore valuation
The IPO is expected to be largely an offer for sale (OFS) by existing shareholders, with a fresh issue of about Rs 300 crore. The Jaipur-based company is eyeing a valuation of around Rs 13,000 crore as per early discussions with investment bankers, according to the people. This would be higher than its last private valuation of Rs 9,000 crore, when it had raised Rs 1,900 crore in primary capital around five years ago.
CarDekho Group invests $10 million in edtech firm CollegeDekho
Founded in 2015, CollegeDekho operates an online platform that enables college discovery, course selection, entrance test preparation, and provides admissions support for students in India and overseas. The platform has partnerships with more than 2,000 universities and colleges.
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CarTrade confirms acquisition talks with CarDekho parent
CarTrade Tech is in talks to acquire CarDekho and BikeDekho. This potential deal would unite two major players in India's auto classifieds market. CarDekho is a unicorn, while CarTrade is a listed company. The discussions focus only on the automotive classifieds segments. CarTrade recently reported strong financial results, with profits doubling and revenue growing significantly.
CarDekho Group forays into UAE market
CarDekho Group has entered the UAE market, tying up with Raya Holdings to enhance the car-buying experience for consumers. CEO Amit Jain highlighted the alignment with UAE's 'Vision 2030' for sustainable transport. This expansion builds on CarDekho's presence in Southeast Asia under the OTO, Carmudi, and Zigwheels brands.
CarDekho SEA raises $60 million from Navis Capital, Dragon Fund
CarDekho's South Asia unit secured $60 million in funding, led by Navis Capital Partners and Dragon Fund. The investment will bolster its used vehicle financing operations in Indonesia and the Philippines, aiming to expand its market share and reach. The company has already disbursed over $1 billion in loans and achieved significant growth since its 2020 launch.
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.
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.
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.
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.
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 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 to expand operations
Sequoia India is one of the early investors in CarDekho, having led the Series A round in 2013. With this new round of funding, CarDekho has now raised more than $250 million.
CarDekho’s revenue increases by 62% to Rs 260 crore
Girnar Sofware, which runs CarDekho, said that revenues earned from its used-car business and affiliate services such as insurance and financing achieved a 140% year-on-year growth.
CarDekho’s parent lands $110m from Sequoia, others
New round values firm between $400 m & $500 m, Axis Bank in investor list.
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.
CarDekho scouts for acquisitions in South East Asian markets like Thailand, Indonesia
CarDekho is making a start in this direction by scouting for acquisitions in the range of $1-5 million (about Rs 6-30 crore) in Southeast Asia to enter markets.
HDFC Bank picks up minority stake in CarDekho
Backed by Ratan Tata, CarDekho was valued at $300 million, or Rs 1,800 crore, in its latest financing round led by China's Hillhouse Capital.
Ratan Tata invests in auto classifieds portal CarDekho
CarDekho, now valued at $300 million, recently received $50 million in a fresh financing round led by China's Hillhouse Capital, which manages $14 billion in assets.
China's Hillhouse may lead $50 million investment funding in Cardekho
Girnar Software, which owns Cardekho, Bikedekho and Pricedekho, had received $15 million from Sequoia in Nov 2013, in its 1st round of funding.
Online auto classifieds player CarDekho plans to raise Rs 300 crore
CarDekho will join the growing tribe of Indian consumer tech startups with a valuation of Rs 1,000 crore or more, which includes the likes of Bookmyshow, Zomato, Ola and Quikr.
Cardekho looks to buy Gaadi.com for $11 mn
Ibibo Group is in talks to sell Gaadi.com to Cardekho. The deal could trigger the first consolidation move in a fragmented online auto classifieds market.
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