management system for taking consumers from enquiry to salehow can your new tool connecto help automobile dealersconnecto is essentially a deviceagnostic tool designed to be compatible across most common systems for product managers and marketers to communicate more efficiently with their customers while helping target audiences better and increase engagement it provides services like notification engine custom integrations and automatic user profile creator to a business platform it helps in creating user profiles by tracking their behaviour in real time these user segments can then be interacted in a personalised manner via web notifications specific emails inapp notifications and chrome notificationshow is the usedcar business shaping upfrom a macro perspective the used car industry is growing faster than new car industry at more than 20 in volume terms and will be around 7 million cars by 2023 at cardekho we have strived to build a platform to make used car buying as easy as new car buying and transitioned from pure play classifieds to transaction services platform with loans insurance warranty and title transfer our transaction business is growing at 100400 yoy in volume terms across categories and faster than our new car business we are working with more than 1000 used cars dealers as this is a highly under penetrated category we are very bullish about our long term growth prospects as we ramp up dealer penetrationwe also plan to hire about 500 people in this business across product technology and sales to fuel its growth finance and insurance also play a crucial role in used car business growth finance is one of the largest opportunities ahead of us as a company we continue to invest to grow our finance business we are now disbursing over rs 60 crore a month and would have disbursed in excess of rs 1000 crore till date we see insurance as one of the fundamental pillars underpinning our push into building a transaction based business model in india we now facilitate over 5000 insurance policies a month and despite our brokerage and integrations going live in q3 fy18 we would have a total premium in excess of rs 100 crore till datecardekho is among a few indian startups which expanded internationally hows the international business building upwe expanded in south east asia in 2015 and launched otocom we see south east asia as an opportunity as large as the entire indian auto business we are the no 1 new car portal in indonesia otocom and continue to remain very excited about the longterm prospects in that market we will roll out more of our transaction services based business models in those markets in a couple of yearsbrand connect initiative etauto published on oct 23 2018 at 0202 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take