About CarWale
CarWale is a company based in Mumbai (India) founded in 2003 by Banwari Lal Sharma and Tufail Khan was acquired by CarTrade in November 2015. CarWale has raised $5.89 million across 4 funding rounds from investors including CarTrade, SVB and Axel Springer. The company has 451 employees as of April 06, 2024. CarWale offers products and services including Car Listing Platform and Car Reviews. CarWale operates in a competitive market with competitors including Spinny, CarDekho, Droom, CarTrade Tech and Truebil, among others.
- Headquarter Mumbai, India
- Employees 451 as on 06 Apr, 2024
- Founders Banwari Lal Sharma, Tufail Khan
- Stage Minicorn
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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 Automotive Exchange Private Limited
- Date of Incorporation 16 Jan, 2003
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$5.28 M (USD)-1.51as on Mar 31, 2016
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Net Profit
-$13.35 M (USD)-88.42as on Mar 31, 2016
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EBITDA
-$11.46 M (USD)-71.66as on Mar 31, 2016
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Total Equity Funding
$5.89 M (USD)
in 4 rounds
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Latest Funding Round
$1.75 M (USD), Series A
Jan 24, 2014
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Investors
CarTrade
& 10 more
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Employee Count
451
as on Apr 06, 2024
- Acquired by
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Products & Services of CarWale
CarWale offers a comprehensive portfolio of products and services, including Car Listing Platform and Car Reviews.
Service for buying and selling new and used cars online
Provides expert reviews and news on vehicles
People of CarWale
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Funding Insights of CarWale
CarWale has successfully raised a total of $5.89M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.75 million completed in January 2014. 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 CarWale
CarWale has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include CarTrade, SVB and Axel Springer.
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Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
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Early-stage venture capital funding and support for Indian startups.
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Provider of news media, digital content, and technology-based journalism
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Investor details for CarWale
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by CarWale
Investment portfolio details for CarWale
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- Transaction dates
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Financial Statements - CarWale
Detailed financials for CarWale
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Carwale Comparisons
Peer comparison for CarWale
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Competitors of CarWale
CarWale 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 Spinny, CarDekho, Droom, CarTrade Tech and Truebil, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Retailer of inspected, certified pre-owned vehicles with service and finance options
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Retailer of new automobiles, used vehicles, and related automotive news
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Used vehicles are bought and sold through an AI platform.
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Online marketplace for used cars
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Online P2P marketplace for used cars
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Detailed competitors of CarWale
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Latest news on Carwale
Complete news archive for CarWale
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Frequently Asked Questions about CarWale
CarWale was founded in 2003 and raised its 1st funding round 3 years after it was founded.
CarWale is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Banwari Lal Sharma is the current CEO of CarWale. They have also founded this company.
CarWale is a funded company, having raised a total of $5.89M across 4 funding rounds to date.
As of Apr 06, 2024, the latest employee count at CarWale is 451.
Annual revenue of CarWale is $5.28M as on Mar 31, 2016.
CarWale was founded in 2003 in Mumbai, India, within the automotive sector. An online platform is maintained where consumers research car brands, pricing, and insurance options. Listings are provided to link buyers with sellers of second-hand vehicles. Operations focus on facilitating transactions through a digital marketplace. The associated app is offered for iOS and Android devices.
CarWale offers Car Listing Platform and Car Reviews.
CarWale has 11 investors. Key investors include CarTrade, SVB, Axel Springer, India Today Group (Living Media), and Seedfund.
The valuation of CarWale is $19.77M as of Jan 2014.