Rupyy, the fintech arm of India-based used-car marketplace CarDekho, has appointed Vineet Tripathi as its new chief business officer (CBO).

Rupyy

Source: LinkedIn

According to an ET report, Tripathi will oversee Rupyy’s business growth and expansion plans. Tripathi was formerly CBO of Poonawalla Fincorp. His other notable stints include leadership roles in high-profile finance companies, including Tata Capital, Kotak Mahindra Bank, GE Money and Citi.

“Vineet’s expertise will be pivotal as we aim to diversify our product portfolio horizontally across multiple categories, reinforcing Rupyy’s commitment to providing innovative and accessible financial solutions across India,” said Namit Jain, co-founder and CEO of Rupyy.

Tripathi said that his customer-centricity, innovation and excellence values aligned perfectly with Rupyy’s ethos and purpose. “I look forward to collaborating with the exemplary leadership team to build on the strong foundations, drive the next phase of growth and deliver a top-notch lending experience to millions of underserved Indians,” he added.

During his time at Tata Capital, Tripathi was instrumental in setting up the company’s motorcycle financing business and forging associated partnerships with auto brands — an experience closely aligned with the plans of Rupyy’s parent CarDekho, particularly the financing of commercial vehicles as of the new financial year (FY24-25).

The latest move follows CarDekho Group’s appointment of Mayank Thatte as CFO of Rupyy in June 2023.

IPO-bound CarDekho currently has 50 million unique monthly visitors. Its consolidated revenue for the 12 months to March 2023 (FY22-23) increased by 46.3% y-o-y.

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