# CarWale: Automotive, Navi Mumbai, India

> CarWale: CarWale is India's largest automotive portal, designed to simplify car research and purchasing. Based in Navi Mumbai, India. Founded 2003.

Source: https://millionrounds.com/startup/carwale (Millionrounds; every figure on the page links to its filing or article)

India · [Automotive startup](https://millionrounds.com/companies)

# CarWale

CarWale is India's largest automotive portal, designed to simplify car research and purchasing.

Funding reported Last round: Undisclosed round

Automotive Navi Mumbai, India

Company summary

- **Founded:** 2003 23 years old
- **Team:** 850 201 to 1,000 people
- **Funding reported:** 7M as listed, currency not stated
- **Last round:** Undisclosed round Jan 2019

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for CarWale has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About CarWale

CarWale is India's largest automotive portal, designed to simplify car research and purchasing.

Established in 2003 and headquartered in Navi Mumbai, the platform provides comprehensive, unbiased information on new and used vehicles, including pricing, reviews, specifications, and comparisons. It serves over 65 million car consumers annually, connecting buyers, sellers, and dealerships across more than 300 Indian cities. The platform offers a range of services, such as expert reviews, user ratings, price trend analysis, and details on upcoming car launches. CarWale also features integrated insurance and financing options. Its consumer-focused website and mobile apps for iOS and Android provide extensive research tools and a marketplace for second-hand cars. Following its merger with CarTrade in 2016, CarWale has solidified its position as a key resource in India's automotive sector.

## What company datasets say CarWale raised

Funding, as reported

Reported in all **7M** in the source's currency

Rounds **3**

Last round **Undisclosed round**

Last round date **Jan 2019**

Investors listed **5**

## On a portfolio page

Investors who name them

- [seedfund.in](https://millionrounds.com/fund/sarthak-venture-capital-india-private-limited)

Each firm lists CarWale on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

automotive marketplace india used cars consumers customer engagement dealer network price comparisons online car marketplace vehicle price transparency electric cars car seller leads car dealership management software launch events driving experience distribution price quotes car ownership

Built with from their website

Docker Git ChatGPT Google Tag Manager Amazon CloudFront Kubeflow HREF Lang Atlassian React Native PWA

+8 more

Google Firebase Cloud Messaging Redis Google Cloud Google Ads Ansible YouTube GitHub Google Workspace

- **Sector:** Automotive
- **Industry code:** NAICS 53212, 519290, SIC 7359
- **Region:** Maharashtra
- **Part of:** CarTrade.com
- **Revenue:** 10M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/carwale)

## Exits

Exit

Exit Buyer Price When

Acquired CarTrade $90M Nov 2015

Acquired Axel Springer undisclosed Nov 2010

## Automotive in India

Startups like it

- [**Yulu** Bengaluru · founded 2017 *Raised*](https://millionrounds.com/company/yulu)
- [**Ather Energy** Bangalore · founded 2013 *Raised*](https://millionrounds.com/company/ather-energy)
- [**Spinny** Gurugram · founded 2015 *Raised*](https://millionrounds.com/company/spinny)
- [**Ultraviolette Automotive** Bengaluru · founded 2016 *Raised*](https://millionrounds.com/company/ultraviolette-automotive)
- [**Truebil** Mumbai · founded 2015 *Raised*](https://millionrounds.com/company/truebil)
- [**myTVS (TVS Automobile Solutions)** Chennai · founded 2011](https://millionrounds.com/startup/mytvs-tvs-automobile-solutions)
- [**Kabira Mobility** Verna · founded 2019](https://millionrounds.com/startup/kabira-mobility)
- [**Mahindra Last Mile Mobility** Mumbai · founded 1994](https://millionrounds.com/startup/mahindra-last-mile-mobility)

## Is this your company?

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