CarDekho Aims To Spawn 10 Unicorns From Within Group, Says CFO Mayank Gupta

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00:00 Thank you so much Mr. Gupta for joining us. We're at the sidelines of the startup Mahakump here.

00:04 Can you give us a brief idea of why CarDeco is here and what exactly are you looking to showcase?

00:10 Yeah, firstly I think we must really appreciate government effort to get all the startups

00:16 in the entire ecosystem community here and being part of this vibrant community we are very happy

00:23 to be here. I think it's first of the kind unique initiative and we are here to showcase our entire

00:29 group. We are into multiple lines of businesses from digital media, intro tech, fintech and tech.

00:34 Can you also talk a bit about the Gidnar Vision Fund that is there? You are looking to invest in

00:42 startups but why is that? Why is a startup investing in several other startups? So look the

00:48 way we have built our startup is we become startup of startups. So we have already incubated almost

00:56 six seven startups within the company and you know our vision is actually doing the life of the

01:01 company to create at least 10 unicorns in the group and with that vision we want to make sure

01:07 that you know we keep on incubating more startups and contributing towards growth of the country.

01:13 Super interesting. Mayank you are the CFO. We've seen CarDeco wanting to inch towards

01:20 profitability. When do you see that happening and also a bit on projections for FY25. What

01:26 scale do you think FY25 will have for CarDeco? Yeah so I think we have been maintaining upwards

01:34 of 45-50% CAGR. So FY24 we should be costing 2000 cores at a group level and FY25 would be in the

01:42 range of around 3000 cores revenue what we expect. Parent level is already profitable in FY24. We are

01:49 already profitable for last three quarters at a PAT level and we expect group level profitability

01:55 probably towards the end of coming financial year. So end of FY25 is when you expect that.

02:01 Excellent. Thank you. Thank you so much.