CarDekho Plans Rs 3,000 Crore IPO at Rs 13,000-15,000 Crore Valuation
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Khushi Jain
- September 22, 2026
CarDekho Group, which operates platforms such as CarDekho, InsuranceDekho, BikeDekho, PriceDekho and Rupyy.com, is moving towards an IPO by converting its parent entity into a public company.
The board has passed a special resolution to change the name of its parent entity from Girnar Software Private Limited to Girnar Software Limited. The move typically precedes a public listing, according to regulatory filings accessed by Entrackr.
Founded in 2008 by Amit Jain and Anurag Jain, CarDekho Group operates an automotive ecosystem spanning auto classifieds, used-car retail, financing, insurance and mobility. Its brands include CarDekho, BikeDekho, InsuranceDekho, Rupyy, ZigWheels, Revv and Carrum.
Proposed IPO
Jaipur-based CarDekho reportedly plans to raise Rs 3,000 crore through an IPO comprising a fresh issue and an offer-for-sale (OFS), at a valuation of Rs 13,000-15,000 crore.
The company has appointed Axis Bank, IIFL, Goldman Sachs and Nomura as bankers for the proposed issue.
The group has raised around $750 million to date from investors including Peak XV Partners, Hillhouse Capital, CapitalG and LeapFrog Investments.
Financial Performance
In FY25, CarDekho Group’s consolidated operating revenue grew 24% YoY to Rs 2,795 crore.
Its consolidated net loss narrowed marginally to Rs 266 crore from Rs 276 crore in FY24.
Expansion Into Mobility
The group has also expanded its mobility portfolio through its fleet management business, Carrum, which was launched in 2024.
Carrum has partnered with Uber and deployed more than 3,000 vehicles on its platform. The company claims that Carrum has been profitable since inception and is operating at an annualised revenue run rate of Rs 300 crore.
FAQs
1. What is CarDekho Group’s parent company called?
CarDekho Group’s parent entity is Girnar Software, which is being converted from Girnar Software Private Limited to Girnar Software Limited.
2. How much does CarDekho reportedly plan to raise through its IPO?
CarDekho reportedly plans to raise Rs 3,000 crore through a fresh issue and an offer-for-sale.
3. What valuation is being considered for the CarDekho IPO?
The proposed IPO is at a valuation of Rs 13,000-15,000 crore.
4. How much revenue did CarDekho Group report in FY25?
CarDekho Group’s consolidated operating revenue grew 24% YoY to Rs 2,795 crore in FY25.
5. How many vehicles has Carrum deployed on its platform?
Carrum has deployed more than 3,000 vehicles on its platform.
