About Giga Cars
Giga Cars is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2020 by Naveen Sarawgi. A digital marketplace for buying and selling used cars. It operates on a B2C model. The company has 38 employees. Its chief executive, as recorded, is Naveen Sarawgi. Its Indian entity Carverse Mobility Solutions Private Limited reported revenue of ₹44.50 Cr. Its focus areas include Automotive, Used Vehicles, Online Marketplaces and Car Trading. Similar companies include Spinny, CarDekho and CarWale; 3 of its 3 listed similar companies have raised funding.
Company details
Giga Cars operates with a B2C model, focusing on dealing with automotive parts, used vehicles, online marketplaces, and car trading. A digital marketplace for buying and selling used cars. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- Employees 38
- Founders Naveen Sarawgi
- SectorsTransportation, Automotive & Logistics
- Website gigacars.com
- Social X Facebook
- Legal Name Carverse Mobility Solutions Private Limited
- Date of Incorporation 11 Feb, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹44.50 Cr
FY 2024 · -16% YoY
- Net Loss-₹4.15 Cr
FY 2024 · -9% margin
- EBITDA-₹2.87 Cr
FY 2024 · -6% margin
- Employee Count38
Associated legal entities of Giga Cars
Giga Cars operates through Carverse Mobility Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Carverse Mobility Solutions Private Limited CIN U72900KA2020PTC132527 | Active | 11 Feb 2020 | Bangalore, Karnataka | ₹44.5 Cr | 38 | 2 | View details |
Board of directors of Carverse Mobility Solutions Private Limited (Giga Cars)
Carverse Mobility Solutions Private Limited is the primary company behind Giga Cars. The board of Carverse Mobility Solutions Private Limited currently have 2 directors; the longest-serving is Nidhi Sarawgi, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nidhi Sarawgi DIN 03299589 | Director | 11 Feb 2020 | 6 yrs 9 mo | Carverse Mobility Solutions Private Limited |
| Naveen Kumar Sarawgi DIN 01909906 | Director | 11 Feb 2020 | 6 yrs 9 mo | Carverse Mobility Solutions Private Limited |
People of Giga Cars
1 people are tracked at Giga Cars (1 in leadership); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for Giga Cars
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Financials of Giga Cars
Figures of Carverse Mobility Solutions Private Limited, the primary company behind Giga Cars, for FY 2024. Revenue was ₹44.50 Cr (-16% year on year). Net loss was -₹4.15 Cr (-9% margin). EBITDA was -₹2.87 Cr (-6% margin). Revenue has grown at a compounded annual rate of +144% over three years.
- ₹44.50 CrRevenue · FY 2024 · -16% YoY
- -₹4.15 CrNet loss · -9% margin
- -₹2.87 CrEBITDA · -6% margin
- ₹26.6 LakhPaid-up capital
- 38Employees (provident fund records)
- +144%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Carverse Mobility Solutions Private Limited are on its company page.
Detailed financial statements for Giga Cars
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Similar companies to Giga Cars
Giga Cars has 3 listed similar companies in our database, 3 of them funded. They include Spinny, CarDekho and CarWale.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spinny.com | 2015 | Gurugram, India | $741.46M | 5,736 | Retailer of inspected, certified pre-owned vehicles with service and finance options | |
| cardekho.com | 2008 | Jaipur, India | $60M | 2,381 | Retailer of new automobiles, used vehicles, and related automotive news | |
| carwale.com | 2003 | Mumbai, India | $5.89M | 1,150 | Second-hand cars are listed online to connect buyers and sellers. |
Detailed similar companies of Giga Cars
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Web traffic of Giga Cars
The website of Giga Cars (gigacars.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 3.9% vs previous month
Websites whose visitors overlap most with Giga Cars. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
pranmotors.com | pranmotors.com | 100% | #7,484,086 | – | |
luxecars.co.in | luxecars.co.in | 82% | #1,045,059 | – | |
| vroomwheel.com | 81% | 680.7K | #5,141,615 | View details |
Top companies in Car Rentals
3 companies that operate in the same segment as Giga Cars (Car Rentals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Car rental and transportation services are provided for diverse needs. | 1996 | Delhi, Delhi, India | USD 86.12 M | 996 | ||
Offers self-drive car rentals across South India with doorstep delivery and subscriptions. | 2018 | Ernakulam, Kerala, India | USD 404.85 M | 1,587 | ||
Car rental and mobility services for corporate and personal needs in India and internationally. | 1996 | Delhi, Delhi, India |
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Related news about Giga Cars
Complete news archive for Giga Cars
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Frequently Asked Questions about Giga Cars
Giga Cars was founded in 2020.
Giga Cars is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Naveen Sarawgi is the CEO of Giga Cars, as recorded in our data. They have also founded this company.
Giga Cars has 38 employees.
The primary company behind Giga Cars, Carverse Mobility Solutions Private Limited, reported revenue of ₹44.50 Cr for FY 2024, down 16% year on year.
Giga Cars operates with a B2C model, focusing on dealing with automotive parts, used vehicles, online marketplaces, and car trading. A digital marketplace for buying and selling used cars. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Giga Cars operates through Carverse Mobility Solutions Private Limited.
The legal entities of Giga Cars currently have 2 directors, including Nidhi Sarawgi, Naveen Kumar Sarawgi.