About Carandbike
Carandbike is a company based in Delhi (India) founded in 2015 was acquired by Mahindra First Choice in January 2020.. Carandbike has raised $2.51 million across 4 funding rounds from investors including Resurgent India, Mahindra First Choice and Ashley Menezes. The company has 55 employees as of April 09, 2024. Carandbike operates in a competitive market with competitors including Drivetribe, Bitauto, Car Throttle, ZigWheels and Youcheyihou, among others.
- Headquarter Delhi, India
- Employees 55 as on 09 Apr, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsMedia & Entertainment
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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 Fifth Gear Ventures Limited
- Date of Incorporation 01 Sep, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$7.59 M (USD)120.47as on Mar 31, 2023
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Net Profit
$-3.19 M (USD)-35.42as on Mar 31, 2023
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EBITDA
$-2.81 M (USD)-28.11as on Mar 31, 2023
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Total Equity Funding
$2.51 M (USD)
in 4 rounds
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Latest Funding Round
$38.61 K (USD), Angel Round
Sep 23, 2019
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Investors
Resurgent India
& 6 more
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Employee Count
55
as on Apr 09, 2024
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Acquired by
Mahindra First Choice
(Jan 17, 2020)
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Funding Insights of Carandbike
Carandbike has successfully raised a total of $2.51M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $38.61 thousand completed in September 2019. 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 4
- Last Round Angel Round — $38,610
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First Round
First Round
(12 Oct 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Angel Round - Carandbike | Valuation | Ashley Menezes |
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| May, 2018 | Amount | Seed - Carandbike | Valuation | Auto Byte | |
| Feb, 2016 | Amount | Seed - Carandbike | Valuation | Arun Uppuswamy |
| 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 Carandbike
Carandbike has secured backing from 7 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Resurgent India, Mahindra First Choice and Ashley Menezes. 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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Early-stage investments are targeted by Auto Byte venture capital firm.
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Founded Year | Domain | Location | |
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Developer of digital platform for merchant banking solutions
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Founded Year | Domain | Location | |
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AM
Ashley Menezes |
Angel investor and Partner at ChrysCapital, focusing on tech and consumer sectors.
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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 Carandbike
| 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 - Carandbike
| 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 |
Carandbike Comparisons
Competitors of Carandbike
Carandbike 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 Drivetribe, Bitauto, Car Throttle, ZigWheels and Youcheyihou, 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 |
Digital media platform for motoring enthusiasts
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| domain | founded_year | HQ Location |
Auto-related information is provided via an online platform.
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| domain | founded_year | HQ Location |
Community platform for auto enthusiasts
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| domain | founded_year | HQ Location |
Online portal to find new and used car deals
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| domain | founded_year | HQ Location |
Mobile app for automobile information
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| domain | founded_year | HQ Location |
Used car prices are searched by model and zip code.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Carandbike
Frequently Asked Questions about Carandbike
When was Carandbike founded?
Carandbike was founded in 2015.
Where is Carandbike located?
Carandbike is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Carandbike a funded company?
Carandbike is a funded company, having raised a total of $2.51M across 4 funding rounds to date. The company's 1st funding round was a Seed of $367.93K, raised on Oct 12, 2015.
How many employees does Carandbike have?
As of Apr 09, 2024, the latest employee count at Carandbike is 55.
What is the annual revenue of Carandbike?
Annual revenue of Carandbike is $7.59M as on Mar 31, 2023.
What does Carandbike do?
Carandbike was established in 2015 in Delhi, India, as an online auto portal under the NDTV group. Operations focus on new car research across over 42 manufacturers and 336 models, including browsing, comparisons, pricing, and dealer information. Used cars and bikes are facilitated for sale through a consignment model, alongside reviews, news, and annual CNB Awards for enthusiasts.
Who are the top competitors of Carandbike?
Carandbike's top competitors include Drivetribe, Bitauto and ZigWheels.
Who are Carandbike's investors?
Carandbike has 7 investors. Key investors include Resurgent India, Mahindra First Choice, Ashley Menezes, Hirokazu Mashita, and Auto Byte.
What is Carandbike's valuation?
The valuation of Carandbike is $1.78M as of Sep 2019.