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Updated December 20th, 2023 at 19:08 IST

CarDekho Group rolls out ESOP liquidity worth $5 mn

Gurugram-based company achieved unicorn status in 2021 after a successful Series-E fundraising.

Business Desk
CarDekho to acquire majority stake in Revv
CarDekho to acquire majority stake in Revv | Image:CarDekho, Revv
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Autotech startup led by Shark Tank fame Amit Jain, CarDekho Group has announced a liquidity event culminating in a pool size of $5 million, the company said Wednesday.

Valued at $1.2 billion, the Gurugram-based company achieved unicorn status in 2021 after a successful series E fundraising.

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The opportunity extends to both current and former employees who hold shares in the company, as per a company statement.

Amit Jain, Co-founder, and CEO of CarDekho Group said, “Our ESOP Liquidity Event is a manifestation of this belief and serves as a tangible expression of our gratitude for the relentless efforts put in by each member of the CarDekho family.”

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In FY23, CarDekho Group registered 46 per cent year-over-year growth in consolidated revenue. The group in early December acquired Revv to strengthen its Shared Mobility Ecosystem. 

CarDekho Group includes CarDekho, BikeDekho, Zigwheels, PowerDrift, InsuranceDekho, Rupyy among others.

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Published December 20th, 2023 at 19:08 IST

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