About CarIQ
CarIQ is a company based in Pune (India) founded in 2013 by Rohit Autee, Sagar Apte, and Hrishikesh Nene was acquired by Varroc in August 2019. CarIQ has raised $16.63 million across 5 funding rounds from investors including Visa, Persistent and Blackberry. The company has 10 employees as of April 10, 2024. CarIQ operates in a competitive market with competitors including ACKO, Webfleet, nesh.live, WIMWIsure and Safehur, among others.
- Headquarter Pune, India
- Employees 10 as on 10 Apr, 2024
- Founders Rohit Autee, Sagar Apte, Hrishikesh Nene
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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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 Varroc Connect Private Limited
- Date of Incorporation 11 Jan, 2013
- Jurisdiction Aurangabad, Maharashtra, India
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Annual Revenue
$810.72 K (USD)-50.7as on Mar 31, 2021
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Net Profit
-$29.8 K (USD)93.25as on Mar 31, 2021
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EBITDA
$26.74 K (USD)106.28as on Mar 31, 2021
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Total Equity Funding
$16.63 M (USD)
in 5 rounds
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Latest Funding Round
$15 M (USD), Series B
Aug 11, 2021
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Investors
Visa
& 40 more
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Employee Count
10
as on Apr 10, 2024
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Acquired by
Varroc
(Aug 09, 2019)
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People of CarIQ
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Funding Insights of CarIQ
CarIQ has successfully raised a total of $16.63M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in August 2021. 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.
Investors in CarIQ
CarIQ has secured backing from 41 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visa, Persistent and Blackberry.
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Investments are made in US tech companies by Forte Ventures.
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Venture capital funding is provided by Ally Ventures to startups.
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Investments in multiple sectors are directed by TELUS Ventures.
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Investor details for CarIQ
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Investments & Acquisitions by CarIQ
Investment portfolio details for CarIQ
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Financial Statements - CarIQ
Detailed financials for CarIQ
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Cariq Comparisons
Peer comparison for CarIQ
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Competitors of CarIQ
CarIQ 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 ACKO, Webfleet, nesh.live, WIMWIsure and Safehur, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance products for vehicles, health, travel, and life are offered.
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Provides cloud-based fleet management software solutions.
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Cloud-based fleet intelligence platform is provided for vehicle data analysis.
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AI-based platform for P&C insurance claims processing is offered.
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A platform for assessing and quantifying driving risks is provided.
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Detailed competitors of CarIQ
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Latest news on Cariq
Complete news archive for CarIQ
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Frequently Asked Questions about CarIQ
CarIQ was founded in 2013.
CarIQ is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Sagar Apte is the current CEO of CarIQ. They have also founded this company.
CarIQ is a funded company, having raised a total of $16.63M across 5 funding rounds to date.
As of Apr 10, 2024, the latest employee count at CarIQ is 10.
Annual revenue of CarIQ is $810.72K as on Mar 31, 2021.
CarIQ was founded in 2013 in Pune, India, as a SaaS platform focused on vehicle diagnostics. Real-time monitoring is enabled through OBD devices, with features such as car health overviews, location sharing, predictive maintenance alerts, and support for usage-based insurance renewals. Operations center on automotive technology, serving users in the mobility sector across India.
CarIQ has 41 investors. Key investors include Visa, Persistent, Blackberry, Bridgestone, and Circle K.
The valuation of CarIQ is $2.06M as of Aug 2016.