Whalesbook
So, Cars24 mein abhi IPO ka scene chal raha hai, par beech mein hi ek interesting twist aaya hai! Company ke do co-founders, Mehul Agrawal (COO) aur Gajendra Jangid (CMO), operational responsibilities se side ho gaye hain. Yeh sab unke planned IPO se bas kuch hi mahine pehle ho raha hai, matlab 6 se 12 mahine mein IPO aa sakta hai. Company keh rahi hai ki woh log board par rahenge aur strategy mein help karte rahenge, but investors ke liye yeh governance aur leadership ko lekar thode sawaal zaroor khade karta hai.
Company toh apni profitability par zor de rahi hai. Unhone announce kiya hai ki unka global business pehla profitable quarter dekh chuka hai! FY26 ke first half mein, unka adjusted net revenue ₹651 crore raha, jo pichhle saal ke comparison mein 18% zyada hai. Aur unka EBITDA loss bhi 36% kam ho gaya hai. AI automation aur higher-margin retail sales se unko benefit mil raha hai. Par haan, FY24 mein company ne ₹498 crore ka net loss report kiya tha, toh abhi profitabilty maintain karna challenge hoga.
Ye sab India ke booming used-car market mein ho raha hai, jahan expect hai ki agle das saal mein $100 billion ka business ho jayega. Cars24 yahan ek bade player hai, jiske 90 se zyada competitors hain. Ismein Spinny, Droom, aur CarTrade Exchange jaise naam shamil hain. CarTrade Exchange already listed hai aur 2025 mein uska stock performance theek-thaak raha hai.
Now, founders ka operational roles se hatna IPO se theek pehle investors ki nazar mein aa raha hai. Kuch reports kehti hain ki lagbhag 40% founders actually IPO se pehle company chhod dete hain. Agrawal ne kaha hai ki company ek 'inflection point' par hai aur leadership team strong hai. Lekin is move se yeh bhi lag sakta hai ki founders sirf IPO ko founder monetization ke liye use kar rahe hain, na ki growth ke liye. Last time Cars24 ko $3.3 billion valuation mili thi 2021 mein.
Cars24 ka target hai ki woh agle 6 se 12 mahine mein market mein list ho jaye, conditions aur approvals milne par. Unki strategy hai retail, financing aur ownership services ko aur strong karna. Unko lagta hai ki agle half mein revenue ₹750 crore cross kar jayega. Abhi sabki nazar is baat par hai ki woh investors ko apni governance, stable leadership aur consistent profit ke baare mein kitna convince kar paate hain.