CarDekho Group explores Middle East market for expansion
The co. is pursuing value-accretive acquisitions and expects around 50% growth (CAGR) in the current fiscal year, with businesses like InsuranceDekho and Southeast Asia Business
Car Dekho CEO Amit Jain
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New Delhi: CarDekho Group, an Autotech and financial solutions provider, is aiming for more than 40 per cent consolidated growth in FY25, according to its founder Amit Jain.
Jain, also the chief executive and co-founder of CarDekho, mentioned in an interview with PTI that the company has been profitable for several years, with hopes for group-level profitability in FY25, followed by a potential IPO.
The company is pursuing value-accretive acquisitions and expects around 50 per cent growth (CAGR) in the current fiscal year, with businesses like InsuranceDekho and Southeast Asia Business contributing to this growth.
Jain highlighted the strong performance in the Southeast Asian market and mentioned plans to evaluate the Middle East market for expansion in the next financial year.
CarDekho Group fosters entrepreneurship within its culture, encouraging the incubation of ideas which, when they reach scale, are spun off into separate businesses.
Looking ahead, the Group aims to develop offerings that cater to car owners' comprehensive needs, envisioning a platform where users can access various mobility services.
Jain emphasized the company's focus on achieving 40 per cent plus CAGR in the future and mentioned the active pursuit of M&A opportunities that add value to the Group.
In December 2023, CarDekho Group entered the shared mobility ecosystem through a merger with Revv, allowing them to provide shared mobility services to Gen-Z customers.
Established in 2008, CarDekho started as an online car review portal and has since evolved into a unicorn company with a range of auto and non-auto solutions businesses, including fintech and insurtech brands like InsuranceDekho and Rupyy.
