CarDekho Group, has acquired majority stakes of the shared mobility platform Revv.
Revv, a player in shared mobility industry, brings a diverse fleet of vehicles. Its focus on flexibility, affordability, and a wide network spanning across India aligns perfectly with CarDekho Group’s mission. The goal is to make shared mobility an integral part of the mobility landscape. The integration of tech solutions across the entire automotive journey enhances trust, transparency, and the overall customer experience. This also ensures a hassle-free and affordable self-drive experience.
Renowned for its extensive services, including CarDekho, BikeDekho, Gaadi.com, Zigwheels, PowerDrift, InsuranceDekho, and Rupyy, the Group will now offer Revv’s shared mobility services. This is part of its House of Brands. This strategic partnership reaffirms the CarDekho group’s commitment to seamlessly integrating technology within the ecosystem. Moreover, it aims to cater to the diverse mobility dreams and needs of consumers. With this merger, CarDekho will be a majority shareholder in Revv.
Amit Jain, Co-founder and CEO of CarDekho Group, stated, “As we build a robust ecosystem of mobility solutions, our focus is on delivering a seamless customer experience across cities in India. We aim to empower the mobility needs of the new generation. Through strategic integration of technology, we are not just evolving our services but also ensuring more seamless operations. Moreover, the merger with Revv allows us to offer shared mobility services addressing the evolving needs of Gen-Z customers.”
The merger of Revv aligns with CarDekho Group’s overarching strategy of placing technology at the heart of its operations. The also aims to create a complete automobile ecosystem for a seamless customer experience.
“We at Revv are thrilled to be associated with CarDekho Group. This strategic alliance opens up exciting possibilities for us. It allows us to elevate and enrich the mobility experience for customers across the country. Moreover, with our expertise in shared mobility and CarDekho’s technology prowess and understanding of the Indian automobile customer, we aim to set new benchmarks. We strive to achieve this in flexible, affordable, and technology-enabled mobility solutions,” said, Revv Founders.
