Highlights
CarDekho Group Reports Significant Revenue Growth in FY25
CarDekho Group, which manages platforms such as CarDekho, InsuranceDekho, BikeDekho, PriceDekho, and Rupyy.com, has recorded a 24% increase in its consolidated operating revenue, reaching Rs 2,795 crore in FY25, up from Rs 2,250 crore in the prior fiscal year, as stated in their press release.
Factors Driving Growth in CarDekho Group
The growth at CarDekho was propelled by consistent performance across various sectors, including auto classifieds, fintech, shared mobility, insurance, and international ventures. Carrum, the company’s fleet management division, played a crucial role in driving growth during this period, while the core standalone operations continued to generate profit.
Financial Performance and Losses
Despite the increase in revenue, CarDekho’s consolidated losses slightly reduced to Rs 266 crore in FY25 from Rs 276 crore in the previous year, excluding exceptional items and the share of losses in associated entities. The losses were largely attributed to ongoing investments and growth-related expenses in their insurance branch and Southeast Asian markets. As of March 2025, CarDekho Group reported net cash reserves amounting to Rs 1,177 crore.
Standalone Success of CarDekho Group
On a standalone basis, which supports the main auto classifieds and financing activities, the company remained profitable for the second year in a row. According to the press release, standalone revenue exceeded the Rs 1,000 crore milestone in FY25, with profitability from the auto classifieds segment increasing by 60%.
Fintech Developments
During FY25, CarDekho’s fintech division, Rupyy, facilitated loan disbursements totaling around Rs 16,000 crore across various categories, including used cars, new cars, commercial vehicles, and personal loans. The new car financing sector experienced substantial growth, nearly doubling with a remarkable 97% increase. Currently, Rupyy services over 95% of India’s pin codes, as highlighted in the press release.
The group’s fleet management arm, Carrum, which saw investment early in FY25, expanded rapidly over the year. Carrum established a partnership with Uber to manage Uber Black fleets in Delhi-NCR and Mumbai while extending services to all prominent Tier-1 cities, overseeing over 1,500 vehicles.
According to the company, its shared mobility subsidiary Revv, acquired in FY24, demonstrated a 40% year-on-year growth. The business broadened its reach to 16 cities, managing a fleet of more than 1,300 cars and serving over 65,000 customers in this timeframe.
InsuranceDekho’s Expansion
InsuranceDekho also continued to grow, operating in over 1,500 cities and covering 98% of India’s pin codes. On the international front, CarDekho expanded its auto classifieds and financing operations across Southeast Asia and entered the Middle Eastern markets of the UAE and Saudi Arabia.
CarkDekho Group’s Foundation and Future Prospects
Established in 2008 by Amit Jain and Anurag Jain, CarDekho Group operates across various platforms, including auto classifieds, fintech, shared mobility, education, and insurance, supported by investors like Peak XV, CapitalG, Hillhouse Capital, and Advent. Recently, CarDekho was in discussions with CarTrade regarding a potential merger aimed at creating one of India’s largest auto-tech platforms. However, both companies have formally decided to abandon the proposed consolidation.