Cardekho.com

Auto-tech firm CarDekho Group narrows loss to Rs 246 crore in FY22

Auto-tech firm CarDekho Group on Monday said it has narrowed total losses to Rs 246 crore in 2021-22. The group had posted a total loss of Rs 341 crore in FY21, CarDekho said in a statement. The revenue from operations in FY22 increased to Rs 1,598 crore from Rs 884 crore in FY21, it added. 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. "The group registered over 50 million unique monthly visitors, generated over 9 million leads, helped issue 16 lakh insurance policies and facilitated disbursal of over 1 lakh auto loans in FY22," it added. CarDekho Group co-founder and CEO Amit Jain said the group has successfully leveraged its house of brands strategy, operating through multiple brands, such as CarDekho, BikeDekho, InsuranceDekho, Rupyy and Zigwheels. "Our

SoftBank-backed Cars24 eyes small towns to sell used cars in India

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

IPO-Bound CarDekho to infuse $100 million in its fintech subsidiary Rupyy

Rupyy recently unveiled India's largest QR code-based loan platform, which is available to more than 2,200 vehicle dealerships and distributors nationwide

India online used car sales to reach 8.3 mn units by 2026: Report

India saw three online used car platforms -- Droom, CarDekho and Spinny -- becoming unicorns in 2021 and the used car sales are expected to grow to 8.3 million units by 2026, a report showed

CarDekho opens its first car refurbishment centre at Gurugram

The company said it plans to set up 20 such facilities in the country in near future

CarDekho appoints Mayank Jain as the CEO of its new auto business

Automotive platform CarDekho Group has appointed media industry professional Mayank Jain as the CEO of its new auto business.

Financiers buy into India's used car business amid uptick in demand

An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs

CarDekho launches UPLINK, forays into connected vehicle technology

CarDekho, an auto-tech firm on Monday launched UPLINK, an advanced and compact GPS Vehicle Tracking System.

CarDekho to open 50 offline stores in India within 6 months

CarDekho to open 50 offline stores within 6 months as used car demand rises

These siblings have been riding the global highway with their auto portal

Starting off from a tiny office in Jaipur ten years ago, CarDekho is just a few steps away from earning the unicorn tag

CarDekho closes $70 mn funding round from top investors in China, Europe

CarDekho said it will use the money to strengthen its transaction businesses and expand its international footprint

CarDekho acquires Philippines-based Carmudi to expand to Southeast Asia

The acquisition is aligned with company's business strategy to expand and fortify its footprint across Southeast Asia, CarDekho said in a statement

Auto portal CarDekho goes big on digital

75% of Indian consumers use internet to research before purchasing a car

CarDekho to launch digital loan platform for used car dealers

It has partnered with leading banks, including HDFC Bank, Axis, Tata Capital, Mahindra Finance to promote via digital innovation

CarDekho.com launches battery research portal 'BatteryDekho'

CarDekho.com, India's largest auto portal announced launch of automobile battery research and discovery portal, BatteryDekho.com to build a comprehensive ecosystem for vehicle ownership and making the battery discovery, research and selection process much more convenient for the Indian consumer.The development will allow CarDekho.com users to search and compare specification and pricing of batteries. The site has more than 250 batteries of top brands such as Amaron, Exide, SF Sonic, Tata Green and Base.Users can search for batteries that are compatible to 500 car and bike brands and contact their preferred dealers for free. CarDekho.com has partnered with more than 10,000 dealers in 200 cities to enable better search results and greater selection flexibility for its users."After gaining a clear leadership in the new car and used car segments, we are focusing on strengthening the core elements of vehicle ownership for the Indian consumer. Being the only dedicated automotive battery ...