Why CarDekho and Infra.market bet on strong foundations over fast growth

Startups need to focus on building a strong foundation even if it means they grow slowly, said Amit Jain, co-founder and chief executive of the CarDekho Group, an online marketplace for buying vehicles.

“It took us 8 years to reach the first ₹100 crore. And it was a bootstrapped company, so we never raised funds till 2014. That’s when we were actually funded. So, as a bootstrapped company we had kind of hit the ₹100 crore scale without actually utilizing any cash, and it was profitable everywhere,” he said, speaking at the Mint India Investment Summit in Mumbai.