About Nextcarz
Nextcarz is a Financial Services company based in Thrissur (India) founded in 2020. Online marketplace for purchasing and selling used cars with financing options. It operates on a Marketplace and B2C model in Financial Services and Transportation, Automotive & Logistics sectors. The company has 1 employees. Its Indian entity Next Carz Private Limited reported revenue of ₹54 Lakh. Nextcarz offers products and services including Car Buying Service and Car Selling Service. Its focus areas include Consumer, Ecommerce, Vehicle Transactions and Financing Services. Its competitors include MyNewCar, Long Drive Cars and AckoDrive; 1 of its 3 listed competitors has raised funding.
Company details
Nextcarz operates as an online platform that connects users for buying and selling used cars, offering services like quick valuations, cash offers, and easy financing from banks. It provides hassle-free documentation and 247 support, partnering with automotive brands. Based in Thrissur, Kerala, India, it serves individual consumers seeking reliable car transactions.
- Headquarters Thrissur, India
- Employees 1
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Email••••••••
- Website nextcarz.com
- Social Facebook Instagram
- Legal Name Next Carz Private Limited
- Date of Incorporation 31 Dec, 2020
- Jurisdiction Thrissur, Kerala, India
- Annual Revenue₹54 Lakh
FY 2024 · -13% YoY
- Net Loss-₹3.3 Lakh
FY 2024 · -6% margin
- EBITDA-₹3.3 Lakh
FY 2024 · -6% margin
- Employee Count1
Associated legal entities of Nextcarz
Nextcarz operates through Next Carz 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 |
|---|---|---|---|---|---|---|---|
| Next Carz Private Limited CIN U51909KL2020PTC066712 | Active | 31 Dec 2020 | Thrissur, Kerala | ₹0.5 Cr | 2 | View details |
Products & Services of Nextcarz
Nextcarz offers a comprehensive portfolio of products and services, including Car Buying Service and Car Selling Service.
Platform for purchasing used cars with bank financing options
Service to sell used cars quickly for cash offers
Board of directors of Next Carz Private Limited (Nextcarz)
Next Carz Private Limited is the primary company behind Nextcarz. The board of Next Carz Private Limited currently have 2 directors; the longest-serving is Prakasini Randev, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prakasini Randev DIN 09016631 | Director | 31 Dec 2020 | 5 yrs 9 mo | Next Carz Private Limited |
| Nidhin Ranadev DIN 09016630 | Director | 31 Dec 2020 | 5 yrs 9 mo | Next Carz Private Limited |
Financials of Nextcarz
Figures of Next Carz Private Limited, the primary company behind Nextcarz, for FY 2024. Revenue was ₹54 Lakh (-13% year on year). Net loss was -₹3.3 Lakh (-6% margin). EBITDA was -₹3.3 Lakh (-6% margin). Revenue has grown at a compounded annual rate of +131% over three years.
- ₹54 LakhRevenue · FY 2024 · -13% YoY
- -₹3.3 LakhNet loss · -6% margin
- -₹3.3 LakhEBITDA · -6% margin
- ₹5 LakhPaid-up capital
- +131%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Next Carz Private Limited are on its company page.
Detailed financial statements for Nextcarz
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Nextcarz
Nextcarz has 3 listed competitors in our database, 1 of them funded. They include MyNewCar, Long Drive Cars and AckoDrive.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mynewcar.in | 2014 | Mumbai, India | $2.11M | 8 | New cars are purchased online via a multi-brand marketplace. | |
| longdrivecars.com | 2016 | Hyderabad, India | Provides self-drive car rentals with unlimited kilometers and no deposit services. | |||
| ackodrive.com | 2018 | Bengaluru, India | 636 | Provides automotive news, reviews, prices, and online car purchasing options. |
Detailed competitors of Nextcarz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Nextcarz (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Frequently Asked Questions about Nextcarz
Nextcarz was founded in 2020.
Nextcarz is headquartered in Thrissur, India. It is registered at Thrissur, Kerala, India.
Nextcarz has 1 employees.
The primary company behind Nextcarz, Next Carz Private Limited, reported revenue of ₹54 Lakh for FY 2024, down 13% year on year.
Nextcarz operates as an online platform that connects users for buying and selling used cars, offering services like quick valuations, cash offers, and easy financing from banks. It provides hassle-free documentation and 247 support, partnering with automotive brands. Based in Thrissur, Kerala, India, it serves individual consumers seeking reliable car transactions.
Nextcarz's top competitors include MyNewCar, Long Drive Cars and AckoDrive.
Nextcarz offers Car Buying Service and Car Selling Service.
Nextcarz operates through Next Carz Private Limited.
The legal entities of Nextcarz currently have 2 directors, including Prakasini Randev, Nidhin Ranadev.