Amit Jain-led CarDekho Group revenue rises 24% to Rs 2,795 crore in FY25; Losses narrow

Amit Jain-led CarDekho Group reported a 24% year-on-year increase in consolidated operating revenue to Rs 2,795 crore in FY25, up from Rs 2,250 crore in the previous financial year, supported by steady growth across its auto classifieds, fintech, shared mobility, insurance and international businesses.

The Gurugram-based autotech company's consolidated losses narrowed marginally to Rs 266 crore in FY25 from Rs 276 crore a year earlier, excluding exceptional items and the share of losses in associates.

The losses were largely attributed to continued investments and growth-stage losses in its insurance and Southeast Asia operations. As of March 2025, the group held net cash reserves of Rs 1,177 crore.

On a standalone basis, which houses its core auto classifieds and financing operations, the company remained profitable for the second consecutive year. Standalone revenue crossed the Rs 1,000 crore mark in FY25, while profitability in the auto classifieds business improved by 60%, driven by operating leverage.

Mayank Gupta, group chief financial officer at CarDekho Group, said the company had maintained steady growth at both consolidated and standalone levels, with a continued focus on profitability and disciplined capital allocation as it invests across mobility, fintech and education.

During the year, the group increased investments in artificial intelligence and deep-tech initiatives and expanded its international footprint through regional tie-ups in the UAE and Saudi Arabia, alongside its existing Southeast Asia operations in Indonesia, Thailand and the Philippines.

The group’s fintech arm, Rupyy, maintained its leadership position in used-car financing. Total loan disbursements across used cars, new cars, commercial vehicles and personal loans stood at around Rs 16,000 crore in FY25. New-car financing nearly doubled during the year, recording 97 per cent growth. Rupyy now services more than 95 per cent of India’s pin codes.

Fleet management platform Carrum, in which the group invested early in FY25, emerged as a key growth driver. Carrum partnered with Uber to manage Uber Black fleets in Delhi-NCR and Mumbai and expanded operations across major Tier I cities. The platform now manages over 1,500 vehicles.

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

InsuranceDekho continued to scale its distribution network, operating in more than 1,500 cities and covering 98 per cent of India’s pin codes. The platform served 3.3 million customers during the year. Education-focused platform CollegeDekho expanded its partner network to 2,000 colleges, supported around 90,000 students, and announced further investments in the segment in December 2025.

Founded in 2008 by Amit Jain and Anurag Jain, CarDekho Group operates platforms spanning auto classifieds, fintech, shared mobility, education and insurance. The company is backed by investors including Peak XV, CapitalG, Hillhouse Capital and Advent. It was recently in talks with CarTrade on a potential merger to create a large auto-tech platform, though the proposed consolidation has since been called off.