BlueJack has been sold to Shriram Automall, a subsidiary of Car Trade, aiming to create synergies in the growing Indian used car market.

Information on the Target

BlueJack, a prominent C2B used car platform operated by Four Wheels Group Pvt Ltd, has recently been sold to Shriram Automall India Limited, a subsidiary of Car Trade. Established in 2016, BlueJack has dedicated itself to enhancing the experience of used car sales through its innovative auction bidding process, enabling users to sell their vehicles directly to dealers. The platform has successfully auctioned over 25,000 vehicles and is operational in Delhi, collaborating with dealers across ten states, including major cities like Bangalore and Hyderabad.

BlueJack utilizes a proprietary pricing database to ensure that sellers receive the best possible prices for their vehicles. The company's asset-light business model is designed to simplify the car-selling process, appealing to customers who seek an efficient way to navigate the complexities of selling used cars in a competitive market.

Industry Overview in India

The Indian used car market is experiencing substantial growth, projected to reach approximately USD 25 billion by 2023, with a compound annual growth rate (CAGR) of 18% from 2019 to 2022. This growth is largely driven by t