AFFLUENSE
CarDekho, established in 2008 and headquartered in Jaipur, Rajasthan, is a prominent platform enabling users to buy and sell vehicles online. The company has significantly evolved into an integrated automotive ecosystem, offering a wide range of services including used car listings, reviews, financing, insurance, and more. CarDekho is spearheaded by visionary founders Amit Jain and Anurag Jain. With a robust user base and investor backing, the platform has positioned itself as a trusted name in the Indian auto-tech landscape.
| Metric | Value |
|---|---|
| Founding Year | 2008 |
| Headquarters | Jaipur, Rajasthan, India |
| Valuation | ₹1,200 Cr (2021) |
| Total Funding | ₹60 Cr |
| Employees | 2,420 |
| Revenue FY24 | ₹289 Cr |
| Net Profit (PAT) FY24 | -₹33.78 Cr |
| EBITDA Margin FY24 | -₹26.5 Cr (approx) |
| ROCE | Not Available |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series A | Nov 2013 | $15M | Peak XV Partners |
| Series B | Jan 2015 | $50M | Peak XV, Tybourne, Hillhouse, Ratan Tata |
| Series B | Mar 2018 | $2.5M | Peak XV Partners |
| Series C | Jan 2019 | $110M | CapitalG, Hillhouse, Peak XV |
| Series D | Dec 2019 | $70M | Ping An Voyager Fund |
| Series E | Oct 2021 | $200M | LeapFrog, Franklin Templeton, Canyon Partners |
| Debt Round | Oct 2021 | $50M | Debt Financing |
| Equity SEA | Dec 2024 | $60M | Navis Capital, Dragon Fund |
Over the last three years, CarDekho has demonstrated consistent revenue growth, increasing from ₹150 Cr in FY22 to ₹289 Cr in FY24. While revenues rose, the company has continued to operate at a net loss, though losses are gradually narrowing — indicating improved operational efficiency and scalability.
CarDekho's EBITDA margin has steadily improved, from -18% in FY22 to -11.5% in FY24. Additionally, its expense-to-revenue ratio has declined, indicating better control over spending as the company scales operations.
CarDekho’s employee strength has grown from 1,880 in FY22 to 2,420 in FY24, showing a healthy hiring trend. The growth aligns with the company’s broader expansion goals and product development initiatives.
In 2024, CarDekho expanded its used car marketplace to Tier 2 and Tier 3 cities. The company also announced plans to enhance its AI-driven car recommendation engine and strengthen its digital loan processing infrastructure.
| Metric | Details |
|---|---|
| Employees | ↑ 2,420 (Growth) |
| Revenue | ↑ ₹289 Cr in FY24 |
| PAT | ↓ -₹33.78 Cr (Loss narrowing) |
| EBITDA Margin | ↑ Improving to -11.5% |
| Strategic Investments | Auto finance, digital loan platforms |
| IPO Status | Planned |
| Expansion Focus | Used cars, rural India, financing |
| Latest News | Expanded operations to Tier 3 cities |
CarDekho continues to drive digital transformation in the automotive industry through innovation in user experience, financing, and AI-driven services.
With steady revenue growth and improving financial efficiency, the company is positioning itself for long-term success.
Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
Disclaimer: © 2025. All information is curated from public and third-party sources and provided solely for legitimate business use. Please ensure proper authorization before use. The depth of information depends on what is publicly available and may vary between individuals.