BuyingIQ (acquired by CarDekho)

General Information

Company Name

Founded Year

2012

Location (Offices)

Gurgaon, India +1

Founders / Decision Makers

Number of Employees

Industries

E-Commerce, Fintech

Funding Stage

Seed

Social Media

BuyingIQ (acquired by CarDekho) - Company Profile

BuyingIQ (acquired by CarDekho)

BuyingIQ is a comparison shopping engine serving Indian consumers. Founded in 2012, BuyingIQ quickly gained traction and was recognized as one of the top 10 consumer startups in India at the Conquest Startup Conclave in 2014. Its key offerings include price comparison, a database of 100,000+ user reviews, and data-driven buying recommendations.

In a strategic move, CarDekho (India) acquired BuyingIQ in March 2015. This acquisition marked an important development in the Indian E-Commerce and Fintech industries, showcasing the growth potential and value of technology-driven consumer platforms in the Indian market.

BuyingIQ's acquisition by CarDekho represented a noteworthy transaction in the Indian startup landscape, underscoring the competitive nature and consolidation trends within the E-Commerce and Fintech sectors. This strategic move allowed CarDekho to expand its market reach and enhance its offerings, adding substantial value to its portfolio.