ADESA

Indianapolis, United States Founded: 1991 • Age: 35 yrs Acquired By Carvana
Vehicle auctions and remarketing services are provided for automotive clients.
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About ADESA

ADESA is a company based in Indianapolis (United States) founded in 1991 was acquired by Carvana in February 2022.. ADESA operates in a competitive market with competitors including CarLotz, Copart, Droom, Rollick and Edmunds.com, among others.

  • Headquarter Indianapolis, United States
  • Sectors
    Transportation, Automotive & Logistics
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Adesa Us Auction, Llc
Operational Areas
Transportation, Automotive & Logistics → Automotive Retail, Aftermarket & Services
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
    Carvana

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    Carvana

    & 2 more

    (Feb 28, 2022)

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People of ADESA
Headcount 5000-10000
Employee Profiles 23
Employee Profiles
People
Wesley Kent
VP of Programs and Operations
People
Eddy Cusan
VP of Commercial Sales
People
John Hammer
President
People
Srisu Subrahmanyam
Chief Operating Officer, US

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Funding Insights of ADESA

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in ADESA

ADESA has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Carvana, Minnesota Power and OPENLANE. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
OPENLANE is recognized for building digital marketplaces for used vehicles.
Founded Year Domain Location
Provider of energy solutions and services for residential and commercial customers.
Founded Year Domain Location
Pre-owned vehicles are sold online with financing and valuation services.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by ADESA

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - ADESA

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Adesa Comparisons

Employees
+
Add Comparison
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Competitors of ADESA

ADESA operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CarLotz, Copart, Droom, Rollick and Edmunds.com, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Used cars are traded via an online consignment platform.
domain founded_year HQ Location
Used and salvaged vehicles are offered via an online marketplace.
domain founded_year HQ Location
Used vehicles are bought and sold through an AI platform.
domain founded_year HQ Location
Omnichannel marketing automation is provided to automotive OEMs and dealers.
domain founded_year HQ Location
Multi-category used vehicles are listed and compared online for consumers.
domain founded_year HQ Location
Retail chain of pre-owned car dealerhsips
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Adesa

Frequently Asked Questions about ADESA

When was ADESA founded?

ADESA was founded in 1991.

Where is ADESA located?

ADESA is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.

Who is the current CEO of ADESA?

Laura Borusas is the current CEO of ADESA.

What does ADESA do?

ADESA was founded in 1991 and is headquartered in Indianapolis, United States. Operations focus on the automotive sector, where vehicle auctions and remarketing services are delivered to manufacturers, financiers, insurance providers, fleet managers, dealers, and related entities. A full spectrum of support is offered, including online bidding, reconditioning, logistics, inspections, inventory audits, and outsourcing for live auctions, repossessions, titling, and sales through a network of agents and representatives.

Who are the top competitors of ADESA?

ADESA's top competitors include CarLotz, Droom and Copart.

Who are ADESA's investors?

ADESA has 3 investors. Key investors include Carvana, Minnesota Power, and OPENLANE.

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