CarDekho Group Posts ₹2,074 Cr Revenue and ₹37 Cr Profit in FY24

Amit Jain, Co-Founder & CEO of CarDekho Group, recently shared a major milestone for the company on LinkedIn.

CarDekho’s success is built on its robust portfolio of brands, each playing a vital role in reshaping the mobility landscape:

rupyy: The company’s digital lending platform is revolutionizing used car financing with a 15% market share and an annualized run rate exceeding $2 billion. With a network of over 36 banking partners, rupyy is making auto financing more accessible to millions across India.

InsuranceDekho: Recording a stellar ₹33 billion in premiums in FY24, InsuranceDekho insures 21 individuals every minute. Reaching 9 million customers across 98% of India’s pin codes, its 150,000 agents ensure even the most remote areas have access to insurance.

Auto Media: CarDekho’s flagship platform continues to dominate the market, attracting 60 million monthly users, 90% of whom arrive via organic traffic. Expanding its reach, Auto Media introduced TractorsDekho in May 2024 to cater to the agricultural segment.

Also Read: Anupam Mittal Says What You Promote on Social Media Gets Sold

Strategic Investments in Sustainable Mobility

CarDekho has made strategic moves to strengthen its commitment to sustainable mobility. The acquisition of Revv Self Drive Car Rental, a shared mobility platform with over 5 million customers, and an investment in Carrum Mobility Solutions Pvt Ltd, a fleet management startup, showcase the group’s focus on building a sustainable mobility portfolio.

AI: The Future of Mobility

Artificial Intelligence lies at the core of CarDekho’s growth strategy. With initiatives like the Girnar AI Innovations Lab and BiUP.ai, the group is driving advancements in deep-tech capabilities to revolutionize the auto-tech ecosystem.

Financial Strength and Vision

With a ₹1,600 crore cash reserve and fully funded businesses, CarDekho Group is well-positioned to lead the transformation of the auto-tech and mobility-tech ecosystem. The group’s achievements in FY24 reflect its ability to innovate, execute, and scale in a dynamic industry.

As CarDekho Group looks ahead, its focus remains on empowering millions of Indians to achieve their mobility dreams while pioneering sustainable and technologically advanced solutions in the mobility space.

Also Read: Indian Railways’ Revolutionizing Travel with Its First Bullet Train, 250 Kmph Average Speed & Kavach 5.0