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.
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.
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.”
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.
Published December 20th, 2023 at 19:08 IST