Cardekho Net Worth Revealed: A Billion Dollar Unicorn?
CarDekho net worth is difficult to pinpoint as it's not a publicly traded company, but here's what we know:
Company Valuation:
- CarDekho is currently valued at $1.2 billion (approximately Rs 9,769 crore). This information is based on funding rounds and investment reports.
Revenue:
- CarDekho Group's FY23 revenue jumped 1.5x to INR 2,331 Cr. This indicates strong financial performance and growth potential.
Profitability:
- The company's core businesses achieved EBITDA positivity in the first two quarters of FY24 and even turned PAT/net income positive in Q2 FY24. This suggests a shift towards profitability.
Cash Reserves:
- CarDekho has a cash reserve of over INR 1,200 Cr, which will be used for further growth initiatives.
Founder's Net Worth:
- Amit Jain, the co-founder and CEO of CarDekho, has an estimated net worth of around Rs 2980 crore.
Overall:
While CarDekho's exact net worth is unknown, it's a well-established company with a strong financial position and promising growth prospects. Its valuation, revenue, profitability, and cash reserves all point towards a healthy and successful business.
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