We delivered a robust financial performance in FY25, with consolidated operating revenue rising to Rs 2,795 crore, reflecting a 24% annual increase. This growth underscores the scalability of our multi-platform digital ecosystem and our ability to execute consistently across core and adjacent mobility-related businesses. Our diversified operating model reduced reliance on a single revenue stream while strengthening resilience across market cycles.

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We continue to operate at the intersection of automotive discovery, financing, insurance distribution, and shared mobility. Our platforms, including CarDekho, BikeDekho, InsuranceDekho, Rupyy, Revv, PriceDekho, and Carrum, collectively address high-frequency consumer decisions across the vehicle ownership lifecycle. This integration enables cross-platform monetization, data-driven customer acquisition, and superior unit economics.

Our standalone entity, housing auto classifieds and vehicle financing operations, remained profitable for the second consecutive year. Standalone revenue exceeded Rs 1,000 crore, while profits from the auto classifieds segment increased by 60%, driven by higher dealer subscriptions, improved conversion efficiency, and strong demand in used and new vehicle categories. These results validate the long-term viability of our core marketplace model.

We significantly expanded our fintech footprint through Rupyy, facilitating approximately Rs 16,000 crore in loan disbursements during FY25. Growth was led by a 97% surge in new car financing, alongside steady momentum in used car, commercial vehicle, and personal loan segments. Our credit marketplace now reaches over 95% of India’s pin codes, supported by deep lender partnerships and proprietary underwriting intelligence.

We scaled Carrum into a national fleet management player within a single fiscal year. Strategic partnerships, including managing Uber Black fleets in key metros, enabled rapid expansion to all major Tier-1 cities. With over 1,500 vehicles under management, Carrum now represents a high-margin, asset-light growth engine aligned with premium urban mobility trends.

Our shared mobility subsidiary Revv delivered 40% year-on-year growth in FY25. The business expanded operations to 16 cities, operating a fleet of more than 1,300 vehicles and serving over 65,000 customers. Revv’s subscription-based model continues to gain traction among urban professionals seeking flexible vehicle ownership alternatives.

We expanded InsuranceDekho to over 1,500 cities, achieving coverage across 98% of India’s pin codes. The platform continues to deepen insurer relationships, enhance agent productivity, and improve customer experience through digital-first policy discovery and claims support. While the segment remains in investment mode, scale expansion positions it for operating leverage in future periods.

We strengthened our international presence by expanding auto classifieds and financing operations across Southeast Asia, while entering the UAE and Saudi Arabia markets. These regions offer favorable demographics, rising vehicle penetration, and increasing digital adoption, aligning with our long-term global growth strategy.

Despite continued investments, our consolidated losses narrowed to Rs 266 crore, compared to Rs 276 crore in FY24. Losses were primarily attributable to growth-stage businesses, while core operations generated positive cash flows. We closed FY25 with net cash reserves of Rs 1,177 crore, reinforcing balance sheet strength and strategic optionality.

Founded in 2008 by Amit Jain and Anurag Jain, we are backed by global investors including Peak XV, CapitalG, Hillhouse Capital, and Advent. Our leadership team continues to prioritize disciplined execution, platform synergies, and sustainable profitability while scaling new verticals.

We recently concluded merger discussions with CarTrade, choosing instead to pursue independent growth. This decision reflects confidence in our platform breadth, financial position, and long-term value creation strategy within India’s rapidly evolving auto-tech landscape.