And ABVP wins the DUSU elections, again!
Kerala woman amongst those killed in Hajj crash

CarDekho skids into existence

Introduction
CarDekho skids into existence
  • CarDekho was started by brothers Amit and Anurag Jain (both IIT-Delhi alumni) after a visit to the Delhi Auto Expo in 2008.
  • It is an online marketplace for people to purchase and sell "used as well as new cars."
  • The site also provided data on car insurance and finance.
  • CarDekho also partnered with car manufacturers following a multiple-revenue model.

From a garage and 2 laptops to CarDekho

Fact
Do you know?

CarDekho was started by Amit Jain with his brother in a garage in Bengaluru with two laptops in 2007.

Gaadi.com to ride with CarDekho now

30 Sep 2014
Gaadi.com to ride with CarDekho now
  • CarDekho acquired another automobile site, Naspers Group-owned Gaadi.com for an undisclosed sum.
  • After the acquisition, both the firms which focus on used (gaadi.com) and new (CarDekho) cars will continue to run as separate entities.
  • The company CarDekho that also runs BikeDekho.com and PriceDekho.com said that the present acquisition was an integral part to its expansion strategy.

CarDekho raises $50 million investment

28 Jan 2015
CarDekho raises $50 million investment
  • CarDekho.com owned by Jaipur-based Girnar Software Pvt Ltd accumulated $50 million (around ₹307 crore) in the Series B round funding.
  • The funds came from Hillhouse Capital, Chinese investment management firm and Hong Kong-based Tybourne Capital.
  • The existing investor Sequoia Capital also participated in the round.
  • The company said the funds would be used for brand building and marketing and innovating the mobile app.

CarDekho reaches valuation of $300 million

Fact
Information

After the Hillhouse investment, CarDekho was valued at $300 million.

Tata honcho hitches a ride with CarDekho

9 Feb 2015
Tata honcho hitches a ride with CarDekho
  • Mr. Ratan Tata, revered ex-Chairman of the Tata Sons conglomerate announced his plans to invest in the Indian Auto space CarDekho.com
  • The company's founders said that Mr. Ratan Tata's involvement was a boost considering his contribution to the automobile industry.
  • CarDekho.com's revenue saw a three-fold jump since 2013 after the company got series A funding of $15 million from Sequoia Capital.

CarDekho acquires Zigwheels, competition heats up

12 Sep 2015
CarDekho acquires Zigwheels, competition heats up
  • CarDekho, the online auto classifieds space is all set to acquire Zigwheels, the Times Internet owned auto portal.
  • The exact financial details of the transaction were not disclosed.
  • The united entity of CarDekho, Gaadi.com, and Zigwheels were pegged against bigger players Cartrade.com and Carwale.com.
  • Players like Quikr and Olx could also prove tough competition in coming years.