The automobile sector is growing to a new height. And there are multiple companies who have created a strong monopoly in the automobile industry. Today people dream of having a good car but getting a sustainable and best car creates a lot of headaches.

Looking at this problem, Amit Jain started a company called Car Dekho. In this article we are going to tell you what exactly the company does, its funding, and what is the role of the company in the automobile industry. So to get all your answers you just have to go through the article carefully.  

What is Car Dekho?

Car Dekho is an online seller-focused platform for used and new cars. The company was founded by Amit Jain along with his brother Anurag Jain in the year 2008. The website offers a wide range of services for researching, purchasing, and selling automobiles, such as expert reviews, price comparisons, and vehicle inspections.

The best of the company is that it has partnerships with over 4,000 car dealers, a large number of automakers, and a number of financial institutions to make the process of buying a car easier.

The Company has recently entered the Southeast Asian market with Zigwheels.ph, Zigwheels.my, and Otoc. Additionally, Zigwheels.ae is present in the United Arab Emirates.

List of Funding CarDekho Received

CarDekho.com was started in the year 2008, by two young Jain brothers and has received till date, a total funding of $497.5 Million. The major investors in the company are Google Capital, Tybourne Capital, Hillhouse Capital, Sequoia Capital, HDFC Bank, Ratan Tata, and Times Internet. Given Below is the breakdown of all the Funding that the company received:-

Car Dekho EMI Calculator — Major Plus Points

The company became popular across India very Quickly. There are many features that set the company apart from its rivals. But the major plus point was the Car Dekho EMI Calculator. In this Calculator, if the customer is planning to buy a car on EMI then he/she has to just enter the amount that he can afford to pay every month. The Car Dekho EMI Calculator will generate the most affordable EMI plan in front of the customer. 

Car Dekho Onboard Mr. Ratan Tata

Amit Jain, the Car Dekho company came into the limelight when Mr. Ratan Tata made his first investment in the auto portal. As we know Mr. Tata, a highly valued man in the Indian Auto sector, his investment in the company gave a new height to it. The company made a public announcement about the investment by Mr. Ratan Tata, former chairman of the Tata Sons company.

Looking at Mr. Tata investment, the company quickly got its Series B funding of $50 Million from Hong Kong-based Investors

Car Dekho’s Net Worth

The company currently reached a Valuation of $1.2 billion. To achieve the figure the company has a few revenue models:-

• Generating Revenue Through Advertising: CarDekho offers a variety of advertising options for dealerships and automakers to promote their products and services. The company charges for banners, display ads, and sponsored content on its website and mobile app.
• Guiding the Customers and Generating Revenue: CarDekho connects potential customers with automakers and dealerships to create leads. For each lead it generates, the company charges a fee based on the buyer’s budget and level of interest.
• Subscription Model: CarDekho offers a premium subscription plan called “CarDekho Plus,” which entitles customers to additional benefits like extended warranties, free insurance, and special savings. The company charges a fee, which is renewed every year, for this service.
• Partnering with Third-Party Companies: CarDekho works with several other companies to promote their auto-related products and services, such as financing, insurance, and accessories. A commission is paid to the business for each sale made through its affiliate links.

Competitors of Cardekho

1. SheerDrive 

SheerDrive is a company that was founded in 2019 and is based in Mumbai, India. It provides a pricing algorithm, a vehicle scan, a dashboard for reviewing and grading vehicle parts, remarketing solutions, a B2B multi-brand exchange platform, and more.

2. Droom 

Droom is a company that was founded in 2014, and it is based in Gurugram, India. The company provides a range of services, such as certification, loans, insurance, and vehicle inspections, among other services pertaining to cars.

3. CarLelo 

CarLelo was founded in 2020 with its headquarters in New Delhi, India. The company offers services like car comparisons, loan facilitation, and access to automotive news and reviews. It also creates a virtual showroom.

4. Cars24 

Cars24 is an auto tech company that was founded in 2015 and is based in Gurgaon. The business provides an online marketplace for the purchase and sale of used automobiles, along with a range of services like auto financing, quality assurance, warranties, and smooth transaction documentation.

Some Facts about Car Dekho

• Car Dekho is the Indian largest Auto portal that has received a total funding of $497.5M from some big investors like Google Capital, Tybourne Capital, Hillhouse Capital, Sequoia Capital, HDFC Bank, Ratan Tata, and Times Internet.
• Car Dekho company sells about a car every 4 minutes. 
• The company has strong competition from websites such as OLX Autos and Cars24 affects market share.
• In the year 2019, CarDekho Won the “Best Automotive Website of Year” award. 
• In the year 2011, CarDekho Won “Best Website of the Year India.”
• In the year 2012, CarDekho Won “Best Car Website of the Year”,”Most Popular Website” and “Best Website of the Year India.”
• The company also Acquired Gaadi.com and Volob.

FAQs Related to Car Dekho 

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