CarDekho IPO Upcoming

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To be announced
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About CarDekho

CarDekho is an online automotive platform established in 2008. The platform provides comprehensive services related to buying, selling, and researching cars, including price comparisons, expert reviews, and vehicle inspections. It has expanded its offerings to include loans, insurance, and car-related products. Over the years, it has secured significant funding and partnerships and has expanded to southeast Asia and UAE.

Financials of CarDekho

Strengths

  • CarDekho offers extensive services, making it a one-stop solution for car buyers and sellers.
  • It has a strong reputation as a leading platform in India’s automotive market.
  • Diversified revenue streams reduce dependency on any single service area.
  • Technology-driven solutions enhance user experience and streamline transactions.

Risks

  • High competition from platforms like OLX Autos and Cars24 affects market share.
  • Revenue is impacted by economic downturns and the auto industry’s health.
  • Saturation or slowed demand in the used car market may hinder growth.
  • Maintaining quality in vehicle inspections is essential for customer trust.

Media coverage

CarDekho – CarDekho Group’s FY22 consolidated operating revenue grows by 81 per cent to Rs 1,600 crores