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REPORTS

CarDekho cuts 200 staff, implements salary reductions

CarDekho is the latest Indian company to downsize following an economic downturn caused by the Covid-19 outbreak. The used cars marketplace has laid off at least 200 of its 5,000 employees and reduced salaries for the rest of its staff, according to information...

Prosus commits $13M to India’s Covid-19 response

Prosus, the global internet assets division of Naspers, has committed ₹1 billion ($13.2 billion U.S.) to the Indian government’s response to the Covid-19 crisis. This content is part of our business intelligence service. Please click the button below to learn more....

CarTrade to seek NBFC license, earmarks $55M

Automotive marketplace CarTrade will apply for a non-banking finance company (NBFC) license. The company has earmarked $50-60 million U.S. (₹400–450 crores) for the project. This content is part of our business intelligence service. Please click the button below to...

Spinny raises $44M in Series B funding

Used car marketplace Spinny has secured $43.7 million U.S. (INR 315 crores) in a Series B funding round led by Indian venture captial firm Fundamentum. The latest round brings the company's valuation to $150 million, according to TechCrunch. This content is part of...