After dominating the auto portal category in India, Girnar Software owned CarDekho has launched CarBay.my in Malaysia and Thailand. CarBay.com in Thailand. The platform will offer information on all car models offered in the country. Car buyers can search for their choice through options of brand, model and price according to their requirements. The Thai site will also be available in local language.
Both Malaysia and Thailand have shown a constant GDP growth, which exceeds 2.5 % and a per capita income greater than $6500 that hints towards a probable 10% increase in the car sales over the next 5-6 years in both the Asian countries, the company said in a statement. This certainly presents optimal condition for developing an efficient system that can make car buying and selling process simpler and provide the consumer with complete control over his deal.
Launching CarBay for the market, Mohit Yadav - CEO, Asia-Pacific at CarBay, said, “Our vision is to make the complete car buying and selling process simpler and put consumers in absolute control of this otherwise overwhelming process. We have launched some innovative products and tools in India that will be very useful in Malaysia and Thailand as well because the markets are very similar. We have also developed CRM tools for dealers that will provide better consumer experience, increase efficiency & overall dealer profitability.”
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, and Saudi Arabia.