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    CarWale Joins Axel Springer and India Today Group

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    Mohit Dubey

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    CarWale Joins Axel Springer and India Today Group

    We are thrilled to announce that CarWale is now a part of Axel Springer AG and the India Today Group, owing to their recent acquisition of the company.

    Since 2005, CarWale has been the leading automotive website in India. We started off as a used car listing portal, and the journey from there on has been nothing short of magical.

    • In 2006, we were the first to launch our now-famous Used Car Price Guide.
    • 2007 saw us launch two of the most used features on our website – Recommend Me A Car and On-Road Prices for new cars.
    • In 2008, we introduced India to its very own consumer choice car awards – the first of its kind where genuine car buyers and users, and not a jury, voted for their favourite cars.
    • In 2009, we were honoured to be the only third-party website to accept bookings for the ground-breaking Tata Nano.

    Along the way our efforts have also been recognised by the way of some awards -
    a) The Red Herring Top 100 companies in Asia in 2007 and again in 2009
    b) Arun Sahlam, one of our founders, was recognised as one of the Top 25 Young Entrepreneurs in Asia by BusinessWeek USA
    c) Most recently, in December 2009, CarWale was recognised as one of the ‘Top 3 Indian Companies Serving Indian Consumers’ at the TiE Entrepreneurial Summit, Mumbai.

    Now, in 2010, we join Axel Springer, one of Europe’s biggest media houses, along with the India Today Group, a media group which needs no introduction.

    But all through this journey, we have not forgotten that we have YOU, our dear consumer, to thank for this. We could not have achieved this much without your continuous feedback and support. YOU, our loyal users, have helped CarWale become India’s single largest automotive destination, across all media – TV, print or online.

    We are very excited about this development and we see this as a road to scaling new heights for CarWale, and to bringing you many more ‘firsts’ as we have done in the past. This is a big step into the future for us, and we are delighted to have you take these steps with us and help us scale new heights..Thank you once again for your support and continued patronage.

    We are also very thankful to all our associates, both past and present, who have worked here and contributed to building this company. We couldn’t have done it without our investors Seedfund, Sierra Ventures and Silicon Valley Bank who have been instrumental in shaping our thinking and execution. And even before them came our angel investors – thank you for believing in us when all we had were dreams. A million thanks, to our entire team and founders who have been there through thick and thin and have helped CarWale reach this milestone.

    Truly, Thank You.

    Mohit Dubey
    CEO and Co-Founder

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