One quick thing: Tijori raises $5 million from Zerodha, to expand into enterprise segment
In today’s newsletter:
- CarTrade, CarDekho call off acquisition talks
- Investors flock to SuperYou, Gully Labs, Moxie, Stych
- WinZO co-founders arrested by ED in PMLA case
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CarTrade, CarDekho call off acquisition talks
India’s auto-tech mega-merger just hit the brakes and both sides have rolled back into their own lanes.
Deal runs out: What seeed like a $1.2-billion straight drive turned into a surprise U-turn.
- CarTrade and CarDekho have “mutually decided” to conclude talks, formally shelving months of nereceivediations, the former noted in a regulatory filing
The deal would have been one of India’s largegest digital auto-tech consolidations, blconcludeing B2B auctions with consumer listings.
- Due diligence was wrapped, but discussions stalled before terms could be finalised
CarTrade stays course: With the merger off the table, the listed player is back to tuning its own engine.
- CarTrade states it will double down on scaling CarWale, BikeWale, OLX India and Shriram Automall
- The firm emphasised strong fundamentals, large addressable markets and continued investment in product and tech
It will keep scanning for strategic opportunities – just not this one.
CarDekho’s business reset: The unicorn enters its next phase, shaped by operational pullbacks and a shift toward steadier revenue lines.
- After exiting utilized-car retail in 2023 amid sustained cash burn, CarDekho has reoriented its model away from heavy-cost bets
- The retreat assisted narrow Girnar Software’s FY24 losses, underscoring how much of the improvement came from stepping back rather than scaling up
With growth now hinging on InsuranceDekho and transaction-led lines – finance, OEM ads and dealer integrations – the company is leaning more on steadier, margin-friconcludely verticals.
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