# CarWale.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carwale-com

- Industry: Internet
- Headquarters: Mumbai, India
- Website: www.carwale.com
- Total disclosed funding: $7.3M
- Latest round: Series A (Nov 6, 2008)
- Investors on record: 2

## About

CarWale.com is a leading online platform specializing in the buying and selling of new and used cars in India, offering comprehensive services to facilitate seamless automotive transactions.Founded in 2005 by Mohit Dubey, Rajan Gupta, and Sada M, CarWale.com operates out of Mumbai, India. In November 2015, the company was acquired by CarTrade.com for approximately USD 80-90 mn from Axel Springer AG. The current CEO, Banwari Sharma, leads the company in its operations.CarWale.com is a prominent online automobile marketplace that offers a comprehensive suite of services aimed at facilitating the buying and selling of both new and used cars. The platform features an extensive inventory that includes over 11,400 new and used cars across various price segments, catering to diverse customer needs and preferences. Key functionalities include car valuation tools, financing options, and the ability to compare vehicles based on specifications like fuel type and budget. CarWale primarily serves customers in India, with a significant presence in major cities such as Delhi, Mumbai, Bangalore, and Pune, making it a pivotal player in the Indian automotive market.In 2019, CarWale.com reported a revenue of USD 10.23 mn and an EBITDA of USD 651,751.5, highlighting its business operations in the automotive sector.CarWale.com intends to leverage recent funding from the ADD-ON round, which raised USD 80 mn, to enhance its platform and introduce new features aimed at improving user experience. The company may look to expand its market presence beyond major Indian cities, although specific new regions have not been detailed. The strategic use of funds will likely focus on technology upgrades and marketing initiatives to capture a larger share of the automotive market.

## Funding rounds

- Series A, Nov 6, 2008, $7M — Sierra Ventures
- Series A, Jan 17, 2007, $0.3M — Seedfund

## Investors

- Seedfund (https://capitalatlas.ai/funds/seedfund) — Series A
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A