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CarDekho-success-story- Bio, facts, Net worth, Business, Income, Growth, Investments, Challenges Faced. Personal life.
The advent of the internet has brought about a favorable transformation in the car-buying process, increasing its accessibility and convenience. There are many online portals available today that can help you complete the process quickly. CarDekho is one such portal. CarDekho, a well-known automobile search platform, was founded in 2008 by Amit and Anurag Jain. It assists users in locating suitable new and used car models and makes hassle-free car purchases.
CarDekho - Overview
CarDekho is an extensive online platform devoted to anything automotive. It is a product of "GirnarSoft," which was developed by Amit and Anurag Jain. Rich automotive content can be found on the CarDekho.com website as well as the web app. This comprises professional evaluations, comprehensive specs, cost details, and vehicle comparisons, in addition to a vast library of images and videos showcasing the wide range of car makes and models that are offered in India.
Additionally, CarDekho offers insightful information on the automotive sector, ensuring that users are informed about new releases, market trends, and fresh material.
CarDekho serves as a virtual car showroom, providing customers with a seamless 360-degree experience. The portal allows users to browse through various categories, upcoming vehicles, and recent releases. Additionally, CarDekho offers a wide range of automotive accessories in its own online store, such as floor mats, stickers, car stereos, sun screens, and more. Furthermore, it offers auto loans for both new and used cars as well as refinancing options for current vehicles.
To encourage community interaction, the company runs an active automobile forum where reviewers and industry experts answer questions from users about various cars. Generally speaking, CarDekho combines technology expertise with user-friendly interfaces to produce an all-encompassing and efficient automotive platform.
The founder team of "GirnarSoft," consisting of Amit and Anurag Jain, is the owner of CarDekho. A web software called CarDekho has practically everything there is to know about cars. Both the app and the CarDekho.com website claim substantial automotive content including but not limited to expert evaluations, detailed specs, and prices of cars, comparisons of cars, images, and videos of an endless range of car brands and models available in India.
With a noteworthy compound yearly growth rate (CAGR) of 8.1% from 2022 to 2027, the automobile market in India is predicted to reach USD 160 billion by 2027, having grown to USD 100 billion in 2021. India is a globally recognized hub for the manufacturing of automobiles. Due to low labor costs, an abundance of raw materials, and declining currency values, its production costs are low. India is the fourth-largest car producer in the world, generating about 4 million vehicles annually, making it a major player in the global automotive market.
The creators of CarDekho are Amit and Anurag Jain. At CarDekho, Anurag Jain serves as the COO and co-founder, while Amit Jain holds the positions of CEO and co-founder. In addition, Umang Kumar served as the company's co-founder and president.
Amit Jain is a former student of IIT Delhi, where he graduated with a BTech degree and then joined Tata Consultancy Services. After working for TCS for about a year, Amit left the firm to become a Product Manager at Trilogy. Jain then began his career with GirnarSoft, where he currently holds the positions of CEO and co-founder. In addition, Amit Jain co-founded and serves as CEO of CarDekho.
Another IIT Delhi alumnus with an Integrated Master of Technology in Mathematics and Computing is Anurag Jain. Jain worked as a Senior Systems Consultant at i2 Technologies before taking a position as a Senior Operations Research Analyst at Sabre Holdings. Anurag is a co-founder and the COO of GirnarSoft.
November 12th is the birthday of both the founder and his brother, who both attended St. Xavier's School in Jaipur to complete their schooling. Anurag pursued his studies in computer science and mathematics at IIT Delhi, whereas Amit opted to specialize in civil engineering. After working for companies like TCS and Trilogy for almost eight years, Amit and his brother developed an interest in products and technology-related items.
Umang Kumar was originally the co-founder of Gaadi.com, but ever since the latter has been acquired by CarDekho, Kumar has been affiliated with the team, where he has been acting as the co-founder and President at CarDekho. Umang Kumar graduated with a Bachelor of Engineering degree in Computer Science from Visvesvaraya Technological University. Kumar then continued on to the Indian School of Business to obtain a Post Graduate Diploma in Management before enrolling in the Harvard Business School's Naspers program in General Management, Strategy, and Leadership. Before joining Gaadi Web as the co-founder and CEO, Umang started another company, Accentium Web. Umang held important leadership roles in a few other firms during his career, including 9.9 Mediaworx and ABP.
LinkedIn states that the company employed 1,001–5,000 people.
The Delhi Auto Expo in January 2008 gave brothers Amit and Anurag Jain the idea to launch their own company to simplify the car-buying process. The brothers founded Cardekho.com in their garage, and it was first released in March 2008. its innovation is estimated to be worth an incredible $1.2 billion due to its vision and impact on the automotive retail business.
The Jain brothers had early difficulties in their startup endeavors, especially when it came to reaching out to prospective clients via phone and email. Their perseverance paid off when they eventually acquired their first client, and they started a modest but ultimately successful journey that resulted in multiple recommendations and further employment. The early success of CarDekho was the catalyst for its expansion. Armed with a growing team, collected funds, and a clear concept, they formally launched CarDekho, marking a significant milestone in their effort to transform the automobile industry.
After its launch, CarDekho was built with a great deal of planning and conceptualization. The founders wanted the main source of income to continue, so even after the company opened, they continued to provide IT consulting services. One of such businesses that walks the customer through the entire process—from beginning to end and all in between—to ensure their satisfaction is CarDekho.
Similar to all other business endeavors, this one started off a little slowly as well, but as the founders picked up the pace, they never looked back. And before long, its numbers spoke for themselves, declaring to the world that they had succeeded
The website's goal is to make it easier for visitors to browse through automobiles and information about them, which is why it was named CarDekho. CarDekho's tagline is "Bharosa Kar Ke Dekho."
The aim of the organization is to create an all-encompassing network that connects automakers, dealers, customers, and related enterprises. The objective is to handle every facet of car ownership, including arranging for the acquisition of accessories, tires, batteries, insurance, and roadside assistance, while making it easy for customers to buy and sell cars.
One of CarDekho's initial challenges was spreading awareness in a market with few major competitors. To overcome this, the company increased its marketing budget, offered discounts, and entered the used and new car sectors. Eventually, it became the industry's first online marketplace for automotive sales.
CarDekho, one of the first businesses to offer an online platform for new automobile purchases, entered the new car market with caution in response to competition from the used car sector. In addition to addressing the intense competition, this move enhanced CarDekho's reputation as a leader in automotive retail innovation.