Autoportal, an online marketplace for automobiles, has become the largest platform in its segment, transacting the highest number of cars as compared to any other dealership in India.
Autoportal has successfully completed more than 4500 transactions in the last three months, with participation from 500 plus dealerships across 18 cities.”We aim at scaling the business to 100 cities by December 2017. With today’s customer who searches 75% of the time online, out of which 65% is on smartphones, this does not look like a distant dream. With strong Internet penetration in India and substantial back-end technology, Autoportal has bagged many happy customers,” says Sagar Das, co-founder, Autoportal. Citing the projected growth of the industry, Anton Rublevskyy, co-founder, added, “Automobile production has grown at a CAGR of 10.5% between FY 2005 and 2015 in India, and the industry accounts for 7.1 percent of the country’s Gross Domestic Product (GDP). In the coming years, the competition is bound to get tough and Autoportal is sure to make a significant difference in the car buying process.