CarDekho Shutting Down Used Car Retail Business

Good,they make at least 25% percent profit in each transaction,you are an idiot to listen and do reel on that

Abey tujhe hindi nhi ata kya

Yeh shark 🦈 toh chota machli 🐠 nikla 😂😂😂

Still wondering how this guy became a shark in shark tank

Kuchbhi

Bhai apna maths thik kar , 5 lakh ki car voh 7 lakh mai dete h n above that also 😂

Iit boy lol

Everyone that buyed from them eventually knew that car was worth way less than what they buyed. Buyers remorse its funny that they thought they can fool everyone but they can not fool everyone.

This is the reality of most of these new entrepreneurs.

This is what happens when you offer peanuts for the car and expect you to pay for all these expenses from the seller.

Wow, really a nice plan to steal 250 million usd!

Saala idhar profit kamane wale businesswalon ko loan ya investment ke liye struggle karna padta he.. udhar IIT-IIM ka degree dekh ke bina puche crores de dete he investor.. wo bhi pure batole par.. kuch idea to ese obvious fail hain ki koi bhi common sense businessman bataa dega ki wo fail hone wala he..

In my view they should closed fore-ever car dekkho is worst then local car seller dealer with poor pathetic services once you buy car I would suggest never buy car from them it is better to buy car from local dealers

Abe konsa gandit laga raha.

Very sad dint do their costing well.

Its not totally true because I talk my near 2nd hand car business the urn 40k to 50k per car

10 year rule 😂

Exactly, if they don't sell the car within less time, then the cost of the car would increase automatically and lead to loss.

So I think, it is better to do it online and only to those customers who are ready to buy a car within a month

When the vc funds dry up you finally realise you actually need to make money with a business

Mera manna hai ki car ko kharidne se pehle uske expenses ki value krli jaye ki kitna cost ayega us car ko acquire krne ke baad and then us car ko profit margin set krke purchase ki jaaye.

Aaj ke date main investor ko chutiya banao aur paise chapo😅😅😅

what is happening ?
Where is the math in it?
No one does any refurbishment on any car except the cleaning. Everyone knows that.
3l ka car is sold for 5l. When I asked to sell my car they quoted 3L & when I saw the same car at their Car mela, which had more kms , looked dirty & manual, they quoted it 6.29L.
Does it take 8k labour & 3.5K of fuel on every car? are you kidding me? atleast 15-20 cars can be taken care In this amount.
Jain guy did some white to black scheme.

Dusre ki dhoti me mota dikhai deta hai

These idiots have spoiled the business, if they purchase a car around 2 lacs, will sell it for 3 to 3.5 lacs.

ppl think doing business is a joke .. special govt official and salary ppl
they dont understand the expenses that go to run d show ....

Car prices are increasing significantly every year now and with that unemployment in this country also . Rbi itself inform that peoples saving has decreased in this country never like this in 30 or 50 years . So if people dont have money it affects multiple buisnessses and this is one of them.

Here's my two cents:

All these guys are creating a bubble of IIT IIM, we give funds to each other and cycle this ecosystem. That's partly the reason why the money comes easy without doing due diligence properly.

Number 2, individual resellers in each city are doing very well now that social media has come to the picture. They'll undercut you and even provide you better service.

The first part I know because I'm seeing this when raising money for my startup.

80k expense on a second hand 5 lakh rupees car is either false or stupid. 3500 on fuel! What? 7500 on parking? Kisko de rahe hai yeh paisa?
They did good by stopping offline business

So y don't they sell it for 5,80 Or more? People will still buy used cars

Paid promotion 😂

Pesa apne baap ka nahi tha na isliye 250 million dollars ki what lga di... Adaa liya hoga. Losses me dikha kr...

All indian startups are stupid and loss making 😂

Scam 😂

BC , I have thier stock which is -60 % .

Wow, what a genius.. he basically did all the basic math of hia business after seeking 250 mil

Buying and Driving car is nothing just make a hole in your pocket

Yet another Great valid entrepreneur....built technology and manufacturing bro not scam start-ups

Their purchase.price was.unsustanable.. didnt they figure that out

Ye cardekho, cars24, ola cars, spinny cars ye logo ne market rate se jyada price offer ki logo ko. Aur ab nuksan leke dhanda hi band kar rahe he. C....ye s....le.

Fuddu sa idea le ke aate hai invester ka paisa fukate hai and ipo launch kar ke indian ka paise loot ke invester ko return karte hai and apana cut leke ghar jate hai

This is not the fact they were unable to sell the used car on their prices as a lot of offline agents were giving tough competition in comparison to prices

The model itself is not really practical

Good move.....

New cartel with monopoly over the second hand market artificially increasing the price of the used cars and bikes. It only deter the genuine customers.

Abe to 6 lakh ka bech na

You are using your own maths, you think you know more than Cardekho CEO, there are reasons which shorts creator like you can't think of

This is not the way to do business. Cardekho should learn and study the business model of spinny, spinny has made more than 500+ crores profit last year in India......
Even true value, Hyundai promise are making huge profits from used cars in India.....

Its the classic indian scam
Get the money and fly private
Money is God in Indian, so whats the problem if he is worshipping it

Itna samaj mein aaya itni funding lene k baad.
Wah re founders..and investors..