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Posts Tagged ‘ CarDekho ’

CarDekho FY16 net sales zoom, but losses triple

Wednesday, February 8, 2017 | More »

CarDekho
Jaipur-based Girnar Software Pvt Ltd, which owns auto classifieds portals like CarDekho, ZigWheels and Gaadi.com, saw its FY16 sales rise a strong 75 percent, but losses almost tripled as the company spent significantly more on brand marketing. Net sales for FY16 stood at Rs 82.48 crore, up from pre...

Cartrade

CarTrade raises $55 mn from Singapore’s Temasek, others

Automobile classifieds portal CarTrade.com has raised Rs 370 crore ($55 million) in a funding round led by existing investor Temasek Holdings (Singapore government’s investment firm) and a US family office, a company statement said on Wednesday. CarTrade, however, didn’t disclose the name of...

8 February, 2017 | More »

Sandeep Aggarwal

We haven’t spent any money from last round yet: Droom’s Sandeep Aggarwal

Projections of exponential revenue growth and profitability in the near term, plans of acquisitions and overseas expansion, and ambitions to grab the lion’s share of the market—ShopClues co-founder Sandeep Aggarwal has bullish claims about his second venture Droom, an online marketplace for ...

23 January, 2017 | More »

Servicemykar

Automobile startup BookMyTime buys Servicemykar

Car purchase and servicing platform BookMyTime has acqui-hired car management startup Servicemykar, according to a press statement. Servicemykar was founded by Raghavendra Chandrappa. The 10-member team of Servicemykar as well as CEO Chandrappa will become a part of BookMyTime. “With this acqu...

2 November, 2016 | More »

Indian siblings who started

Indian siblings who started up together and struck gold

On 23 August, a consortium of Chinese investors acquired Yahoo ad partner Media.net for $900 million, leaving its founder Divyank and his elder brother Bhavin Turakhia fabulously wealthy. In fact, so wealthy that they found themselves on this year’s Forbes India Rich List, with a combined fortune ...

29 September, 2016 | More »

type

Online classifieds to be dominated by e-services, real estate, auto: Google-KPMG report

E-services, real estate, and automobiles will be the key growth areas in the digital classifieds industry, according to a joint report by Google and KPMG, released on Wednesday. The report ‘Digital Classified in India 2020’ projects that the online classifieds industry will grow three-ti...

21 September, 2016 | More »

Arnav Kumar, CEO, GoZoomo

Used-car marketplace GoZoomo shuts shop, returns remaining capital to investors

Youngmonk Technologies Pvt. Ltd, which runs online marketplace for pre-owned cars GoZoomo, has decided to shut down operations as the founders failed to carve out a business model with sustainable unit economics. Confirming the development, CEO Arnav Kumar said the company has decided to return the ...

26 August, 2016 | More »

car

Used car portals on a fundraising spree

Online automobile marketplace, especially for used cars and other vehicles, is a fast growing segment that has seen a lot of investments flowing in alongside a few mergers and acquisitions. Enthused by the growing customer base and transactions on these platforms, South African internet and digital ...

12 August, 2016 | More »

Stradia_fe

Exclusive: Naspers floats Stradia through OLX to re-enter Indian online used car space

Less than two years after selling second-hand cars business Gaadi.com to Google Capital-backed CarDekho, South African internet and digital media firm Naspers has re-entered the used car business in the country. It has floated Stradia.in under its multi-country classifieds venture OLX. The move seem...

23 July, 2016 | More »

cars-by-junaid

Pre-owned car marketplace HopCar merges with Spinny

Online pre-owned automobile marketplace HopCar has merged its operations with bigger rival Spinny. The merged entity will continue to operate under Spinny’s brand name with the four co-founders of HopCar becoming core team members at Spinny. The merger allows Delhi-based Spinny to further strength...

13 June, 2016 | More »

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