This story is from September 05, 2024
CarDekho invests in Carrum
CHENNAI: CarDekho Group has made a strategic investment in Carrum, a fleet management services company started in early 2024 by Karan Jain, founder of Revv.
In less than three months, the brand has scaled to more than 500 vehicles in Hyderabad and Bengaluru and is already profitable and cash flow positive.
CarDekho Group, known for its bouquet of services including CarDekho, BikeDekho, Gaadi.com, Zigwheels, PowerDrift, InsuranceDekho, rupyy and Revv, will now expand its mobility portfolio through the investment into Carrum.
Amit Jain, co-founder and CEO of CarDekho Group, stated, “Our investment in Carrum is not just about growth and expansion but also about responsibility and innovation.”
Karan Jain said, "With a strong partner in CarDekho, we can leverage the strength of the group to continue to innovate and expand our service offerings within the mobility sector."
Carrum has plans to scale to 2,000+ vehicles in all major cities before the end of FY25.
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CarDekho Group, known for its bouquet of services including CarDekho, BikeDekho, Gaadi.com, Zigwheels, PowerDrift, InsuranceDekho, rupyy and Revv, will now expand its mobility portfolio through the investment into Carrum.
Amit Jain, co-founder and CEO of CarDekho Group, stated, “Our investment in Carrum is not just about growth and expansion but also about responsibility and innovation.”
Karan Jain said, "With a strong partner in CarDekho, we can leverage the strength of the group to continue to innovate and expand our service offerings within the mobility sector."
Carrum has plans to scale to 2,000+ vehicles in all major cities before the end of FY25.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
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