CarWale - About the company
CarWale is an acquired company based in Mumbai (India), founded in 2003 by Mohit Dubey, Gaurav Verma and Arun Kumar Sahlam. It operates as an Online listing platforms that facilitate the sale of second-hand cars. CarWale has raised $5.85M in funding from investors like SVB, Sierra Ventures and Axel Springer, with last known valuation of $*****. The company has 158 active competitors, including 8 funded and 8 that have exited. Its top competitors include companies like Spinny, CarDekho and CarTrade.
Company Details
Online listing platforms that facilitate the sale of second-hand cars. The platform enables consumers to research various brands of cars, pricing, and insurance policies and serves as a listing platform to connect buyers and sellers of cars. Their app is available for iOS and Android devices.
- Website
- www.carwale.com/
- Social
- Email ID
- *****@carwale.com
- Phone Number
- +91 **********
- Registered Address
- 12th Floor Vishwaroop IT Park Sector 30A, Vashi, Thane, Navi Mumbai, Maharashtra, India, 400705
Key Metrics
Founded Year
2003
Location
Mumbai, India
Stage
Acquired
Total Funding
$5.85M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jan 24, 2014
Ranked
3rd among 158 active competitors
Annual Revenue
₹711Cr as on Mar 31, 2025
Employee Count
1,150 as on Mar 31, 2025
Exit Details
Acquired by CarTrade (Nov 12, 2015)
Legal entities associated with CarWale
CarWale is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Cartrade Tech Limited CIN: L74900MH2000PLC126237 , India, Active | Apr 28, 2000 | $84.1M (As on Mar 31, 2025) | 1135 (As on Aug 01, 2025) | |
AUTOMOTIVE EXCHANGE PRIVATE LIMITED CIN: U72200MH2003PTC244158 , India, Active | Jan 16, 2003 | $10.4M (As on Mar 31, 2019) | 431 (As on Mar 31, 2020) |
CarWale's acquisition details
CarWale got acquired by CarTrade on Nov 12, 2015. It was facilitated by Avendus.
Click here to take a look at CarWale's acquisition in detail
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CarWale's funding and investors
CarWale has raised a total funding of $5.85M over 4 rounds. Its first funding round was on Aug 09, 2006. Its latest funding round was a Series A round on Jan 24, 2014 for $*****. 1 investor participated in its latest round. CarWale has 7 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of CarWale:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 24, 2014 | 1328389 | Series A | 9191455 | 8739360 | 5018603 | 6573374 |
Nov 29, 2010 | 6075251 | Series A | 4805536 | 7647469 | 6989404 | 7427747 |
Oct 10, 2008 | 8800516 | Series A | 2526150 | 9824846 | 5191580 |
Access funding benchmarks and valuations. Sign up today!View details of CarWale's funding rounds and investors
CarWale's founders and board of directors
Founder? Claim ProfileThe founders of CarWale are Mohit Dubey, Gaurav Verma and Arun Kumar Sahlam. Banwari Lal Sharma is the CEO of CarWale.
Here are the details of CarWale's key team members:
- Mohit Dubey: Co-Founder of CarWale. They are also an angel investor in 5 startups and serve on the board of 1 company.
- Gaurav Verma: Former Co-Founder of CarWale. They serve on the board of 1 company.
- Arun Kumar Sahlam: Former Co-Founder of CarWale and founder of 1 other company.
- Banwari Lal Sharma: CEO of CarWale. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 phone number
CarWale's Board of Directors
CarWale's board has 3 active members. Mohit Dubey is part of team and Siddharth Narayan and Rajeev Kumar are independent board members.Here is the list of CarWale's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 18y 5m | |
pzfabfe | Team | - | Past | 1y 5m |
yzximms | Team | - | Past | 1y 7m |
mjwnuce | Investor | - | Past | 6y 7m |
ppbmekn | Investor | nhkabai | Past | 4y 8m |
Independent board member | - | Current | 8y 2m | |
fipxmtv | Independent board member | - | Current | 8y 3m |
tdbnsem | Independent board member | - | Past | 9y 8m |
l{wifwm | Independent board member | - | Past | 5y 6m |
ytfytfj | Independent board member | - | Past | 6y 6m |
spnxjne | Independent board member | - | Past | 3y 3m |
View details of CarWale's Founder profiles and Board Members
CarWale's employee count trend
CarWale has 1,150 employees as of Mar 25. The total employee count is 15.0% more than what it was in Mar 24. Here is CarWale's employee count trend over the years:
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CarWale's Competitors and alternates
Top competitors of CarWale include Spinny, CarDekho and CarTrade. Here is the list of Top 10 competitors of CarWale, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online retailer of inspected used vehicles with service and financing | $698M | 83/100 | ||
2nd | App based platform offering car buying, selling, and comparison services | $60M | 82/100 | ||
3rd | Online listing platforms that facilitate the sale of second-hand cars | $5.85M | 79/100 | ||
4th | App-based used cars listing platform | $272M | 77/100 | ||
5th | Online retailer of used and new automobiles, plus related services | $344M | 75/100 | ||
6th |  CarTrade Tech 2006, Mumbai (India), Public | Online marketplace for used cars | $328M | 64/100 | |
7th | Online P2P marketplace for used cars | $26.9M | 61/100 | ||
8th | Online portal to find new and used car deals | - | - | 58/100 | |
9th | Provider of electric vehicle fleet rentals, charging, and management solutions | $3.04M | 55/100 | ||
10th |  Mahindra First Choice 2007, Mumbai (India), Series C | Retailer of certified, pre-owned vehicles, providing inspection, warranty, and finance options | $72.3M | 50/100 |
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CarWale's Latest cap tables and shareholding
Founders own 7.57%, Funds own 0.00%, Enterprises (largest shareholder) own 79.36% and Angels own 0.00%. The net worth of CarWale's founders is INR 9.39Cr as of Jan 24, 2014.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 7.57% | 9.39Cr | 4263809 | 8032069 | 3151070 | 7698674 |
6465250 | 5499396 | 6605157 | 1450947 | 5005269 | 1402357 | |
Fund | - | 0 | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 79.36% | 98.3Cr | 2474389 | 8400894 | 8629316 | 9091034 |
Angel | - | 0 | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 13.07% | 16.2Cr | 5254390 | 4281128 | 1469167 | 1044342 |
Total | 100.00% | 124Cr | 4245087 | 2348342 | 9603597 | 9001554 |
To unlock detailed Cap Table of CarWale Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of CarWale's Shareholding
CarWale's Investments and acquisitions
CarWale has made no investments or acquisitions yet.
Reports related to CarWale
Here is the latest report on CarWale's sector:
News related to CarWale
Filter this listMedia has covered CarWale for 1 event in last 1 year, It was about company updates.
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CarWale abSure marks Diwali with the grand opening of its 100th outlet in Chennai, extending its presence across 29 geographiesBusiness News This Week•Nov 17, 2023•CarWale
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Sushil Dsouza joins Momentus Digital as National Sales HeadAdgully•Apr 24, 2023•Momentus Digital, CarWale, Mediascope, The Times of India and 3 others
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Indian cryptocurrency firms run little risk from the collapse of crypto-friendly Signature BankQuartz•Mar 13, 2023•SVB, Silvergate Bank, CarWale, Paytm and 3 others
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Strapi Secures $31M in Series B FundingFinSMEs•Jun 22, 2022•Strapi, CarWale, Flex Capital, Index Ventures and 3 others
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Website Development Platform Vercel Raises $150M in Funding at $2.5B ValuationHostingJournalist•Nov 24, 2021•Vercel, Notable Capital, Accel, Bedrock and 12 others
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Valley-based Baby Tech Firm Cradlewise Secures $7 Mn Funding to Help New Parents With Baby SleepIndianWeb2•Nov 09, 2021•Cradlewise, Footwork, CRV, SOSV and 3 others
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Ketch raises another $20M as demand grows for its privacy data control platformTechCrunch+•Sep 17, 2021•Ketch, Acrew Capital, Ridge Ventures, SVB and 4 others
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
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