CarDekho Launches CarBay in Vietnam & Philippines
Modified On Aug 19, 2015 03:42 PM By CarDekho
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Award-winning Product now in Vietnam & Philippines
JAIPUR, India. In a bid to conquer the global online auto market, Girnar Software owned Cardekho has launched CarBay.vn in Vietnam and CarBay.ph in Philippines after successful launch of its Malaysian, Thailand and Indonesian version recently. Both websites feature the product that established clear leadership for CarDekho.com in India, among many other honors, the winning of "Website of the Year" 3 times in the past 4 years vindicates their success in the Indian subcontinent.
For better reach among the countrymen, CarBay.vn will be available in English and Vietnamese languages. The users visiting the website will be able to access a wide range of detailed and diverse content pertaining to all the cars available in their country. The user-friendly site's navigation assists users in finding their desired car with respect to brand, model, price and even gives an option to compare their specifications.
With close to a million passenger vehicles being bought every year, both the countries have shown a constant GDP growth, GDP per capita of USD 2,000-3,000 in car penetration levels - suggesting a huge surge in car sales is bound to happen in Philippines and Vietnam. This certainly presents optimal condition for developing an efficient system that can make car buying & selling process simpler and provides the consumer with complete control over his deal.
Launching CarBay for the market, Mohit Yadav - CEO, Asia-Pacific at CarBay, said, “We are getting very good response in Indonesia, Malaysia & Thailand; and Philippines & Vietnam will further strengthen our presence in this region. These are the largest markets after India & China and growing at a rapid pace.”
Valued at $300 million at its Series B funding round in January 2015, GirnarSoft is backed by leading investors like Hong Kong based Hillhouse Capital and Tybourne Capital, and global player Sequoia Capital.
CarDekho.com has racked up a reputation as the go-to source for anything and everything related to cars in India, and has recently started launching in a number of global markets like Brazil, UAE, Saudi Arabia, being among them.
