Industry Trends

Amit Jain-led CarDekho Group revenue rises 24% to Rs 2,795 crore in FY25; Losses narrow

Amit Jain-led CarDekho Group reported a 24% year-on-year increase in consolidated operating revenue to Rs 2,795 crore in FY25, up from Rs 2,250 crore in the previous financial year, supported by steady growth across its auto classifieds, fintech, shared mobility, insurance and international businesses. The Gurugram-based autotech company's consolidated losses narrowed marginally to Rs 266 crore in FY25 from Rs 276 crore a year earlier, excluding exceptional items and the share of losses in associates. The losses were largely attributed to continued investments and growth-stage losses in its insurance and Southeast Asia operations. As of March 2025, the group held net cash reserves of Rs 1,177 crore. On a standalone basis, which houses its core auto classifieds and financing operations, the company remained profitable for the second consecutive year. Standalone revenue crossed the Rs 1,000 crore mark in FY25, while profitability in the auto classifieds business improved by 60%, drive...

Startup Funding

NSE targets filing IPO documents by end of March: Report

National Stock Exchange of India Ltd (NSE), the country's largest exchange, ‍plans to file its draft prospectus ​for its long awaited public listing by the end of March, ⁠according to two people familiar with the matter.