One out of 2 car buyers in India visit CarWale before buying a car- that’s because, Mohit Dubey pursued his idea of simplifying car buying relentlessly for more than a decade. Mohit first got an exit for all his angels and VCs in 2010 by selling the majority to a German Media company. He went on to build it further and in 2015, CarWale consolidated the market with CarTrade and sold the company in one of the best consumer internet cash outcome for founders and shareholders. For the exit and thereafter, company raised around Rs 1000 Cr from Temasek , Warburg Pincus, March Capital and JP Morgan. Mohit continued as CarWale CEO, Co-Founder and Board Member of the combined entity to see through the merger successfully.
He recently, started zophop to ensure that no one has to ever wait again at the bus stop- his startup now track more than 5000 buses in real time and let you know when exactly the bus will arrive at bus stop. Mohit wants to make sure that daily commuters can plan and pay for their trip with one click across any buses, trains, auto and cabs.
In one line, we have an entrepreneur who bootstrapped, raised VC money, created a great cash exit, executed a very successful merger and started again!