About Car Lelo
Car Lelo is a company based in Delhi (India) founded in 2020 by Gaurav Aggarwal was acquired by Capri Global Capital in May 2023.. Car Lelo has raised $318 thousand across 2 funding rounds from investors including Capri Loans, Kumud Kumar Kaura and Crusaders Exim. Car Lelo operates in a competitive market with competitors including AckoDrive, MyNewCar, 91Wheels, BMW Bird Automotive and Stellar Skoda, among others.
- Headquarter Delhi, India
- Founders Gaurav Aggarwal
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Carlelo Private Limited
- Date of Incorporation 18 Oct, 2021
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$120.11 K (USD)1940.82as on Mar 31, 2023
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Net Profit
$-76.86 K (USD)-22618.69as on Mar 31, 2023
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EBITDA
$-54.85 K (USD)-5228.64as on Mar 31, 2023
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Total Equity Funding
$318 K (USD)
in 2 rounds
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Latest Funding Round
$64.79 K (USD), Angel Round
Dec 02, 2024
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Investors
Capri Loans
& 7 more
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Employee Count
Employee Count
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Acquired by
Capri Global Capital
(May 25, 2023)
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Funding Insights of Car Lelo
Car Lelo has successfully raised a total of $318K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $64.79 thousand completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $64,793
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First Round
First Round
(10 Apr 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Angel Round - Car Lelo | Valuation | Sonik Julka |
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| Apr, 2023 | Amount | Seed - Car Lelo | Valuation | Kumud Kumar Kaura |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Car Lelo
Car Lelo has secured backing from 8 investors, including angel and institutional investors. Prominent investors backing the company include Capri Loans, Kumud Kumar Kaura and Crusaders Exim. 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Capri Loans is recognized as a leading NBFC in India, offering secured loan products.
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Founded Year | Domain | Location | |
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KK
Kumud Kumar Kaura |
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Founded Year | Domain | Location |
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GR
Grenville Rodricks |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Car Lelo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Car Lelo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Car Lelo Comparisons
Competitors of Car Lelo
Car Lelo 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 AckoDrive, MyNewCar, 91Wheels, BMW Bird Automotive and Stellar Skoda, 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 |
Provides automotive news, reviews, prices, and online car purchasing options.
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| domain | founded_year | HQ Location |
New cars are purchased online via a multi-brand marketplace.
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| domain | founded_year | HQ Location |
Online platform for car, bike, and scooter listings and comparisons in India.
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| domain | founded_year | HQ Location |
BMW dealership providing new cars, servicing, financing, and test drives in India.
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| domain | founded_year | HQ Location |
Operates a digital hub for selling Skoda cars with exclusive discounts and limited stocks.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Car Lelo
Frequently Asked Questions about Car Lelo
When was Car Lelo founded?
Car Lelo was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Car Lelo located?
Car Lelo is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Car Lelo?
Gaurav Aggarwal is the current CEO of Car Lelo. They have also founded this company.
Is Car Lelo a funded company?
Car Lelo is a funded company, having raised a total of $318K across 2 funding rounds to date. The company's 1st funding round was a Seed of $253.2K, raised on Apr 10, 2023.
What is the annual revenue of Car Lelo?
Annual revenue of Car Lelo is $120.11K as on Mar 31, 2023.
What does Car Lelo do?
Car Lelo was established in 2020 in Delhi, India, as an online platform within the automotive sector. Services are offered for users to search vehicles, select colors and variants, and manage paperwork. Operations focus on streamlining the buying process from initial choice to completion, serving customers in India through the domain carlelo.com.
Who are the top competitors of Car Lelo?
Who are Car Lelo's investors?
Car Lelo has 8 investors. Key investors include Capri Loans, Kumud Kumar Kaura, Crusaders Exim, Aarna Enterprise, and MARC Finserv.
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