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CarDekho group revenue up; share of used car biz declines
Mint Mumbai
|July 14, 2023
Benefits of diversifying into insurance, lending businesses show up in FY23 financials
Girnar Software Pvt. Ltd, the G holding company for automobile e-marketplace CarDekho, insurtech platform InsuranceDekho and lendingtech platform Rupyy, among others, showed improved financial performance in the last financial year, even as the share of its primary revenue driver of used car business waned.
Also known as CarDekho group, the company reaped dividends from its moves to diversify and expand its insurance and finance verticals during the year ended 31 March 2023.
Overall, CarDekho group's revenue surged 47% to ₹2,350 crore in FY23 from ₹1,600 crore in the previous year, according to a document seen by Mint. Revenue has more than doubled from ₹940 crore in FY21. CarDekho declined to respond to queries on the FY23 earnings including its net profit.
Dit verhaal komt uit de July 14, 2023-editie van Mint Mumbai.
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