cardekho

India’s used-car sales market – which had heated up during 2021 and 2022 after supply chain constraints from Covid19 pandemic and Russia-Ukraine war – is now seeing a palpable slowdown. With profitability still a far cry for venture-backed companies like Spinny, Cars24 and CarDekho, these platforms are either putting the brakes on business expansion or exiting the segment completely.Sources told ET that SoftBank-backed Cars24 was executing a calculated expansion of cities from where it was buying cars and has stopped…

The digitalisation trend in the pre-owned car segment continues to stay ahead of the 2-wheeler, 3-wheeler and commercial vehicle segments.By Kaushik NarayanThe pre-owned segment in the automotive industry was ripe for transformation as the pandemic hit home in India. Challenges faced by customers included:·Uniqueness: Each asset for sale or purchase was unique. The combination of vehicle features, fuel type, colour, tyre type and tread wear, mileage covered and body…

Indian startup founders and Shark Tank judges talk to ET Now's Tamanna Inamdar about the funding winter and how the country's top startups are doing. Watch Peyush Bansal of Lenskart, Vineeta Singh of Sugar Cosmetics and Amit Jain of Cardekho weigh in with their success and survival mantras for startups. Indian startup founders and Shark Tank judges talk to ET Now's Tamanna Inamdar about the funding winter and how the country's top startups are doing. Watch Peyush Bansal of Lenskart, Vineeta Singh of Sugar Cosmetics…