Indian fund signs its first check, backing Automotive Exchange for undisclosed amount.
RedHerring.com,
December,14 2006
Seedfund, a $10-million fund launched in India in late November, announced Thursday it was taking a 30 percent stake in Automotive Exchange (AE) for an undisclosed amount. The amount raised will mainly go toward scaling the company's car portal CarWale.com. AE started out as a software company two years ago. CEO Mohit Dubey and three co-founders set out to write software for car dealers, which they sold to 25 dealers, mainly in Mumbai and New Delhi. AE managed the web-enabled versions of the sof
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The Hindu Business Line
The Hindu Business Line,
December,02 2006
Buyers and sellers of pre-owned cars now have another online option, this time courtesy the Web site www.CarWale.com. According to Mohit Dubey, CEO, CarWale.com offers a multi-layered search facility from among the cars available for sale online. A prospective buyer can specify his requirements of the type of car, vintage and price range. The system matches it with the pool of cars available conforming to the specification given.
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"Buying and selling used cars"
DD News,
November,19 2006
TV Show "Paisa Vasool" telecasted on DD News at 1030 Hrs on Sun 19 Nov, 2006.
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Auto Classifieds Portal Carwale Raises Upto $7 M From Sierra Ventures
Uclue,
November,06 2006
Carwale had raised money from Seedfund in 2006, and Sierra Ventures is one of limited partners in Seedfund.
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E-commerce in India may grow by 95%; to touch Rs 23-billion mark
Alootechie.com,
October,28 2006
Indiatimes has talked with Murugavel Janakiraman, CEO of Bharatmatrimony.com, Glynn Willet, CEO of Tutorswithoutlimits.com, and Mohit Dubey, CEO of CarWale.com on how they perceive the future of internet in India
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Boom 2: The re-birth of internet
The Economic Times,
October,26 2006
Steve Jobs is a good example for a kind of guy which turned the IT industry around. A young technology loving guy (some would call him a nerd), able to take a risk, able to observe somewhat his environment to shape his ideas the right way. This is a tricky part because it is necessary to observe just the right amount. The idea might go beyond what somebody can imagine now.
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