CarDekho Group posts Rs 2,795 Cr revenue in FY25; losses narrow marginally

CarDekho Group, which operates platforms like CarDekho, InsuranceDekho, BikeDekho, PriceDekho, Rupyy.com, reported a 24% year-on-year increase in its consolidated operating revenue to Rs 2,795 crore in FY25, compared to Rs 2,250 crore in the previous fiscal year, according to its press release.

According to CarDekho, growth was driven by steady performance across its diversified businesses, including auto classifieds, fintech, shared mobility, insurance, and international operations. The company’s fleet management arm Carrum emerged as a key growth driver during the year, while the core standalone business continued to post profitability.

Despite the topline growth, CarDekho’s consolidated losses narrowed marginally to Rs 266 crore in FY25 from Rs 276 crore a year earlier, excluding exceptional items and share of losses in associates. The company attributed the losses largely to continued investments and growth-stage losses in its insurance and Southeast Asia businesses. As of March 2025, CarDekho Group held net cash reserves of Rs 1,177 crore.

On a standalone basis, which houses the flagship auto classifieds and financing operations, the company remained profitable for the second consecutive year. As per the press release, Standalone revenue crossed the Rs 1,000 crore mark in FY25, while profitability from the auto classifieds segment rose 60%.

During FY25, CarDekho’s fintech arm Rupyy facilitated loan disbursements worth approximately Rs 16,000 crore across used cars, new cars, commercial vehicles, and personal loans. Notably, the new car financing segment nearly doubled, recording 97% growth. Rupyy now services over 95% of India’s pin codes, the press release added.

The group’s fleet management business, Carrum, in which CarDekho invested early in FY25, scaled rapidly during the year. Carrum partnered with Uber to manage Uber Black fleets in Delhi-NCR and Mumbai and expanded operations to all major Tier-1 cities, managing over 1,500 vehicles.

As per the company its shared mobility subsidiary Revv, acquired in FY24, reported 40% year-on-year growth. The business expanded to 16 cities with a fleet of more than 1,300 cars and served over 65,000 customers during the year.

InsuranceDekho also continued its expansion, operating in over 1,500 cities and covering 98% of India’s pin codes. Internationally, CarDekho expanded its auto classifieds and financing presence across Southeast Asia and entered the Middle East markets of the UAE and Saudi Arabia.

Founded in 2008 by Amit Jain and Anurag Jain, CarDekho Group operates platforms across auto classifieds, fintech, shared mobility, education, and insurance, and is backed by investors including Peak XV, CapitalG, Hillhouse Capital, and Advent.

CarDekho was recently in talks with CarTrade on a potential merger that could have created one of India’s largest auto-tech platforms. However, the two companies have officially called off the proposed consolidation.