Capri Global Acquires 51% Stake In CarLelo For Rs150cr
This strategic investment, amounting to Rs 150 crore, reinforces Capri Loans' position as a key player in the Indian automotive financing market
Capri Global Holdings (CGHL), the holding company for Capri Global Capital Limited - a prominent non-banking financial company with the brand name Capri Loans, has expanded its national footprint by acquiring 51 per cent stake in CarLelo, India's leading online new car selling platform. This strategic investment, amounting to Rupees 150 crore, reinforces Capri Loans' position as a key player in the Indian automotive financing market while driving digital transformation and enhancing the consumer experience.
Capri Loans is the No. 1 new car loan aggregator in the Car Loan industry, clocking a whopping number of 60,000 car loans in the last financial year itself. As a prominent player in the financial services industry, Capri Loans recognizes the immense potential in the online new car financing segment. This acquisition is a natural progression towards cementing Capri Loans commitment to customer convenience and its dedication to meet the evolving needs of Car Loan customers nationwide.
Emphasizing the company's customer-centric approach and this acquisition, Mr Rajesh Sharma, Managing Director and Founder, Capri Global Holdings stated, "At Capri Loans, customer convenience lies at the core of our operations. This investment is a testament to our commitment to driving growth of the online new car sales & financing market while empowering new-age techpreneurs to overcome existing market challenges. Through our partnership with CarLelo, we aim to cater to the ever-evolving needs and requirements of customers across the nation. Capri Loans recognizes this investment as an opportunity to foster the expansion of the burgeoning online new car sales market, all while prioritising utmost convenience in terms of financing for customers and propelling forward cutting-edge solutions within the industry."
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