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
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for buying and selling new and used cars online
Provides expert reviews and news on vehicles
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $1.7M
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First Round
First Round
(09 Aug 2006)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2014 | Amount | Series A - CarWale | Valuation | Axel Springer |
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| Nov, 2010 | Amount | Series A - CarWale | Valuation | SVB |
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| Oct, 2008 | Amount | Series A - CarWale | Valuation | Sierra Ventures |
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| 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 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. 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 venture capital investments in AI, healthcare, and enterprise technologies.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding and support for Indian startups.
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Founded Year | Domain | Location | |
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Provider of news media, digital content, and technology-based journalism
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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 CarWale
| 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 - CarWale
| 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 |
Carwale Comparisons
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. 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 |
Retailer of inspected, certified pre-owned vehicles with service and finance options
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| domain | founded_year | HQ Location |
Retailer of new automobiles, used vehicles, and related automotive news
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Online marketplace for used cars
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| domain | founded_year | HQ Location |
Online P2P marketplace for used cars
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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 Carwale
Frequently Asked Questions about CarWale
When was CarWale founded?
CarWale was founded in 2003 and raised its 1st funding round 3 years after it was founded.
Where is CarWale located?
CarWale is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of CarWale?
Banwari Lal Sharma is the current CEO of CarWale. They have also founded this company.
Is CarWale a funded company?
CarWale is a funded company, having raised a total of $5.89M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.26M, raised on Aug 09, 2006.
How many employees does CarWale have?
As of Apr 06, 2024, the latest employee count at CarWale is 451.
What is the annual revenue of CarWale?
Annual revenue of CarWale is $5.28M as on Mar 31, 2016.
What does CarWale do?
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.
Who are the top competitors of CarWale?
What products or services does CarWale offer?
CarWale offers Car Listing Platform and Car Reviews.
Who are CarWale's investors?
CarWale has 11 investors. Key investors include CarTrade, SVB, Axel Springer, India Today Group (Living Media), and Seedfund.
What is CarWale's valuation?
The valuation of CarWale is $19.77M as of Jan 2014.