CarDekho Group rolls out ESOP liquidity worth $5 mn

Autotech startup led by Shark Tank fame Amit Jain, CarDekho Group has announced a liquidity event culminating in a pool size of $5 million, the company said Wednesday.

Valued at $1.2 billion, the Gurugram-based company achieved unicorn status in 2021 after a successful series E fundraising.

The opportunity extends to both current and former employees who hold shares in the company, as per a company statement.

Amit Jain, Co-founder, and CEO of CarDekho Group said, “Our ESOP Liquidity Event is a manifestation of this belief and serves as a tangible expression of our gratitude for the relentless efforts put in by each member of the CarDekho family.”

In FY23, CarDekho Group registered 46 per cent year-over-year growth in consolidated revenue. The group in early December acquired Revv to strengthen its Shared Mobility Ecosystem. 

CarDekho Group includes CarDekho, BikeDekho, Zigwheels, PowerDrift, InsuranceDekho, Rupyy among others.