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CarDekho Group posts Rs 2,795 Cr revenue in FY25; losses narrow marginally

EntrackrEntrackr · 15d ago
CarDekho Group posts Rs 2,795 Cr revenue in FY25; losses narrow marginally
Medial

CarDekho Group posts Rs 2,795 Cr revenue in FY25; losses narrow marginally CarDekho Group, which operates platforms like CarDekho, InsuranceDekho, BikeDekho, PriceDekho, Rupyy.com, reported a 24% year-on-year increase in its consolidated operating revenue to Rs 2,795 crore in FY25, compared to Rs 2,250 crore in the previous fiscal year, according to its press release. According to CarDekho, growth was driven by steady performance across its diversified businesses, including auto classifieds, fintech, shared mobility, insurance, and international operations. The company’s fleet management arm Carrum emerged as a key growth driver during the year, while the core standalone business continued to post profitability. Despite the topline growth, CarDekho’s consolidated losses narrowed marginally to Rs 266 crore in FY25 from Rs 276 crore a year earlier, excluding exceptional items and share of losses in associates. The company attributed the losses largely to continued investments and growth-stage losses in its insurance and Southeast Asia businesses. As of March 2025, CarDekho Group held net cash reserves of Rs 1,177 crore. On a standalone basis, which houses the flagship auto classifieds and financing operations, the company remained profitable for the second consecutive year. As per the press release, Standalone revenue crossed the Rs 1,000 crore mark in FY25, while profitability from the auto classifieds segment rose 60%. During FY25, CarDekho’s fintech arm Rupyy facilitated loan disbursements worth approximately Rs 16,000 crore across used cars, new cars, commercial vehicles, and personal loans. Notably, the new car financing segment nearly doubled, recording 97% growth. Rupyy now services over 95% of India’s pin codes, the press release added. The group’s fleet management business, Carrum, in which CarDekho invested early in FY25, scaled rapidly during the year. Carrum partnered with Uber to manage Uber Black fleets in Delhi-NCR and Mumbai and expanded operations to all major Tier-1 cities, managing over 1,500 vehicles. As per the company, its shared mobility subsidiary Revv, acquired in FY24, reported 40% year-on-year growth. The business expanded to 16 cities with a fleet of more than 1,300 cars and served over 65,000 customers during the year. InsuranceDekho also continued its expansion, operating in over 1,500 cities and covering 98% of India’s pin codes. Internationally, CarDekho expanded its auto classifieds and financing presence across Southeast Asia and entered the Middle East markets of the UAE and Saudi Arabia. Founded in 2008 by Amit Jain and Anurag Jain, CarDekho Group operates platforms across auto classifieds, fintech, shared mobility, education, and insurance, and is backed by investors including Peak XV, CapitalG, Hillhouse Capital, and Advent. CarDekho was recently in talks with CarTrade on a potential merger that could have created one of India’s largest auto-tech platforms. However, the two companies have officially called off the proposed consolidation.

Exploring the Future of Financial Services with Varun Dua

StartupTalkyStartupTalky · 1y ago
Exploring the Future of Financial Services with Varun Dua
Medial

Varun Dua, the CEO and co-founder of insurtech company Acko, has disrupted the Indian insurance landscape. Acko started as an auto insurance company but has expanded to offer a range of financial products and services. The company has embraced embedded insurance by partnering with platforms like Ola and Zomato, and also diversified its product portfolio to include micro-loans, travel insurance, and gadget protection plans. Acko's expansion strategy is driven by factors such as digital penetration, untapped potential in the Indian insurance market, data-driven insights, and a focus on transparency. Although Acko faces challenges in a competitive landscape, its emphasis on innovation and customer-centricity positions it well for future success. Acko's success has influenced the Indian financial landscape, spurring innovation and promoting financial inclusion. Aspiring entrepreneurs can learn from Acko's journey by identifying market gaps, embracing technology, prioritizing customer centricity, and being adaptable.

CarTrade and CarDekho mutually call off acquisition talks

EntrackrEntrackr · 1m ago
CarTrade and CarDekho mutually call off acquisition talks
Medial

CarTrade and CarDekho mutually call off acquisition talks In a stock exchange filing dated November 27, the company said both parties have “mutually decided not to proceed with the proposed transaction at this stage." CarTrade Tech has officially called off its proposed consolidation with Girnar Software, the parent company of CarDekho and BikeDekho. In a stock exchange filing dated November 27, the company said both parties have “mutually decided not to proceed with the proposed transaction at this stage.” CarTrade had first disclosed on November 11 that it was in preliminary talks with CarDekho for a potential consolidation in the automotive classifieds space in India. According to Entrackr’s earlier report, the discussions included a potential all-stock acquisition of CarDekho, which could have created one of India’s largest auto-tech platforms. Media reports suggested that the potential deal could value CarDekho’s automotive classifieds business at around $1.2 billion. CarDekho, backed by investors such as Peak XV Partners, CapitalG and LeapFrog, last raised capital in late 2021 at a valuation of $1.2 billion. CarTrade, on the other hand, went public in 2021 and has since acquired OLX India and Shriram Automall to expand its offline and online auto marketplace network. With the collapse of talks, CarTrade said it will continue to focus on strengthening its existing businesses including CarWale, BikeWale, OLX India and Shriram Automall. The company added that its platforms operate in a large and expanding market and offer significant headroom for growth. CarTrade also said it remains open to evaluating strategic opportunities in the ordinary course of business.

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