Nowadays, Individuals planning to invest in a particular vehicle or are engaged with vehicles try to research and gather information about their specific product before making an informed decision. According to Google, today, 95% of auto purchasers rely upon online resources to find answers to their questions. CarBike360 is one versatile platform that offers credible information related to automobile new & old cars, bikes, bicycles, scooters, and
whatnot.
The Founding Story of CarBike360
As mentioned, CarBike360 is an online portal that enables individuals to look for bikes and cars as per their references. Such tech-based platforms provide recommendations, feedback, pricing offers, and surveys, allowing users to connect with dealerships to streamline the entire process for automotive enthusiasts.
Such a platform is used throughout India, and around 60% of its users are from Tier 1 cities, whereas 40% are from smaller Tier 2 cities. CarBike360 was introduced by Mukesh Rajauria and Sagar Das in the year 2021. The reason behind initiating such online platforms stems from a common problem in the auto world. According to the founders, most individuals gather information about a particular vehicle that is often written by bloggers who only test drive the car for a short time, usually an hour or so. The founder believes that forming an opinion about a vehicle’s
performance, quality, and durability based on such a brief test drive is inadequate.
To tackle this issue, CarBike360 takes a different approach. They reach out to actual owners and users of the vehicle to gather feedback. According to Sagar Das, getting feedback from someone who has used the car for over a year is more meaningful than a short test drive. This approach shows CarBike360’s dedication to giving a thorough and reliable assessment of vehicles, considering the real experiences of long- term users.
Fundings and Vision of CarBike360
CarBike360 primarily earns money through showing ads and providing content solutions. While the precise user count for CarBike360 has yet to be shared, the company is valued at over Rs 1500 crores. It’s worth mentioning that CarBike360 has managed to generate a revenue of Rs24 crore in the last financial year. Furthermore, the platform aims to achieve around Rs 100 crore revenue this year.
Besides aiming to achieve a revenue of Rs 100 crore, CarBike360 plans to expand its reach to international markets by on boarding globally present franchisees. In addition, the platform is also willing to enter the rapidly growing electric vehicle (EV) sector to establish physical EV digital experience centres that will help the users get hands-on experience with electric vehicles.
Wrap Up
CarBike360 is a unique platform that offers credible information to potential buyers planning to invest in a particular vehicle. Founded in 2021 by Mukesh Rajauria and Sagar Das, CarBike360 is all set to extend its reach to international markets by on boarding globally present franchisees. Additionally, the platform is planned to establish offline EV digital experience centers aligned with their commitment to upgrade user engagement and understanding in the rapidly evolving automotive landscape.
