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CarDekho Reviews

Jaipur, Rajasthan

4.3/ 5

3 reviews

CarDekho (operated under its parent entity Girnar Software Private Limited) is a leading Indian auto-tech company and digital automotive marketplace. Founded in March 2008 by IIT alumni and siblings Amit Jain and Anurag Jain, the company originated in a garage following their visit to the 2008 Delhi Auto Expo. Headquartered in Jaipur, Rajasthan, CarDekho has successfully digitized the Indian automotive ecosystem, expanding its footprint globally into Southeast Asian countries like Indonesia (operating as OTO), the Philippines (Carmudi), Malaysia, and Singapore. The company achieved unicorn status in 2021 and its net worth is estimated at $1.2 billion. The company operates an omnichannel model that links digital discovery with physical fulfillment. Its platform offers rich automotive content, including expert reviews, detailed specifications, price comparisons, and 360-degree interior and exterior views to help users buy and sell new and pre-owned vehicles. CarDekho has expanded from a vehicle research and classifieds portal into an integrated mobility and financial services conglomerate. Its business model focuses on a capital-light "managed marketplace" and is diversified across multiple pillars. Financial services serve as a primary revenue contributor, largely driven by its fintech arm, Rupyy, which captures a significant portion of the used-car financing market. Additionally, CarDekho has scaled its insurtech business through InsuranceDekho and entered the shared mobility sector via the acquisition of Revv in 2023. It also features a dedicated electric vehicle (EV) category. CarDekho’s ecosystem relies heavily on partnerships, maintaining ties with various auto manufacturers, financial institutions, and over 4,000 car dealers across more than 100 Indian cities. The platform operates physical touchpoints, including CarDekho Gaadi stores for selling pre-owned cars and Trust Mark stores for purchasing them, backed by a nationwide team of technicians conducting multi-point vehicle inspections. It attracts around 35 million to 50 million monthly unique visitors, generating high-intent leads for original equipment manufacturers (OEMs) and dealership partners. Financially, CarDekho has raised significant capital over multiple funding rounds, totaling several hundred million dollars. Its prominent institutional investors include Peak XV Partners (formerly Sequoia Capital India), Hillhouse Capital Group, CapitalG, LeapFrog Investments, Tybourne Capital, Franklin Templeton, and the Ratan Tata Trust, alongside banking partners like HDFC Bank, Axis Bank, and ICICI Bank. For the fiscal year 2024-25, CarDekho reported an operational revenue of INR 2,795 crore. Although reports indicate potential plans for an Initial Public Offering (IPO) in the future, the company currently remains unlisted on Indian stock exchanges. Leadership continues under Co-Founder and CEO Amit Jain and Co-Founder and COO Anurag Jain.