Startup Profile
CarDekho
Legal entity: Girnar Software Private Limited
India's auto-tech marketplace for buying, selling and financing cars
Funding raised
₹4606.50 Cr
Total disclosed
Latest valuation
₹9960.00 Cr
Most recent round
Latest revenue
₹2331.88 Cr
FY FY23
Employees
—
FY FY23
Founders
- Amit Jain
Co-founder and CEO of CarDekho. IIT Delhi graduate who worked at Tata Consultancy Services and later as a product manager at Trilogy before co-founding GirnarSoft and CarDekho with his brother in 2008.
- Anurag Jain
Co-founder and COO of CarDekho. IIT Delhi graduate with an integrated master's in Mathematics and Computing who worked at i2 Technologies and Sabre Holdings before co-founding the company with his brother Amit in 2008.
Funding rounds
- Series E (pre-IPO)2021-10-12₹2075.00 CrLed by LeapFrog Investments
- Series C2019-01-03₹913.00 CrLed by Sequoia Capital India / Hillhouse / CapitalG
- Series A2013-11-27₹124.50 CrLed by Sequoia Capital India
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY23 | ₹2331.88 Cr | (₹566.13 Cr) | — |
| FY24 | ₹2250.43 Cr | (₹340.08 Cr) | — |
The full story
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Timeline
- 2023-05Shuts down used-car retail business — Wound down its capital-heavy used-car retail operations, cutting product revenue sharply but narrowing group losses by about 40 percent the following year.
- 2021-10Becomes a unicorn — Raised a 250 million dollar pre-IPO round (200 million equity plus 50 million debt) led by LeapFrog Investments at a 1.2 billion dollar valuation, becoming one of the first Jaipur-based unicorns.
- 2019-01110 million dollar Series C — Raised 110 million dollars led by Sequoia, Hillhouse and CapitalG at a 400-500 million dollar valuation to expand insurance and car-financing services.
- 2013First institutional funding (Series A) — Raised about 15 million dollars from Sequoia Capital India after years of being largely bootstrapped.
- 2008CarDekho founded in Jaipur — Amit and Anurag Jain launch cardekho.com under parent company GirnarSoft after being inspired by the Delhi Auto Expo.