Bengaluru, October 5, 2023: Continuing with its mission to elevate the used car market across boundries, CARS24, a leading Autotech company has today inaugurated its second Research and Development Centre (R&D) in Bengaluru, Karnataka to advance innovation, growth and building an excellent ecosystem.
To lead the charge in technological advancements and fuel our growth, CARS24 is also investing in best-in-class leadership. The company has also announced the addition of Shobhit Shrivastava as the Senior Director of Engineering. In this new role, Shobhit will lead the engineering team, driving innovation and elevating the technology that empowers CARS24. His responsibilities extend to overseeing the AU tech initiative and fostering seamless collaboration with business, growth, and product teams. Shobhit’s appointment underscores CARS24’s commitment to attracting top talent and delivering an even more exceptional customer experience in the world of used cars.
Shobhit is a highly respected tech leader with nearly two decades of experience. He boasts a successful track record of unifying diverse data sources into cohesive platforms and collaborating across domains to elevate user experiences. Shobhit has consistently led high-performing engineering teams and has worn various hats at global organisations, including Amazon, Autodesk, Smarsh, Autonomy, Dassault Systemes etc. He has consistently delivered cutting-edge technology solutions, from stabilising graph-based computing platforms and leading product redesigns at Amazon to contributing significantly to the development of solid modelling CAD products like Inventor Fusion at Autodesk. His versatile expertise spans scalability, distributed systems, big data, Java, Hadoop, and Amazon Web Services (AWS), reflecting a remarkable journey of impactful contributions across diverse domains.
What sets Shobhit apart is his entrepreneurial spirit, honed as the co-founder of B2B SaaS startup, Sogage Software. His passion for assembling and leading innovative teams is a valuable asset that he brings to CARS24 as the company continues its pioneering journey in Autotech innovation.
Marut Singh, Chief Technology Officer at CARS24, shared his thoughts, stating, “Our second R&D centre underscores our strong commitment to advancing the global pre-owned car market. This centre plays a pivotal role in achieving our growth objectives.”
He continued, expressing his enthusiasm about the addition of Shobhit Shrivastava to the team, saying, “We are thrilled to welcome Shobhit Shrivastava on board. His diverse background and expertise align seamlessly with our mission to drive innovation and enhance the user experience. Shobhit’s leadership will be instrumental as we continue to shape the future of the Autotech industry.”
Upon joining CARS24, Shobhit Shrivastava stated, “CARS24’s revolutionary influence on the Autotech ecosystem is undeniable. Joining this dynamic team feels like embarking on an exciting journey, and I’m eager to contribute to reshaping tech-driven solutions for buying, selling, and financing cars.”
Shobhit possesses remarkable abilities in propelling product development, fostering innovation, and executing complex engineering initiatives. These capabilities align seamlessly with CARS24’s commitment to delivering an exceptional user experience. In his new role, Shobhit will play a pivotal role in enhancing the organisation’s technological capabilities, ensuring an enhanced user experience.
With the launch of a new R&D centre, CARS24 continues to drive Autotech innovation and has reaffirmed its commitment by inaugurating its second Engineering Research and Development Center (R&D Center) in Bengaluru, a mere six months after the launch of the first one. This advanced facility is dedicated to advancing solutions for inspecting, refurbishing, and reconditioning used vehicles. Powered by state-of-the-art AI algorithms, the centre is poised to set a new industry standard by ensuring precise vehicle valuation, further solidifying CARS24’s position as a leader in customer satisfaction.
The establishment of these additional R&D centres marks a significant milestone in CARS24’s growth strategy, emphasising its mission to transform the used car market. Beyond pioneering cutting-edge inspection and valuation solutions, these centres will play a pivotal role in analysing data related to pre-owned vehicle sales and market trends. Leveraging statistical models and machine learning, they will forecast future demand, identify growth opportunities, and optimise pricing strategies. The platform is also on a hiring spree, actively seeking talented engineers, developers, and technology experts to join its dynamic team.
Most recently, Upstox Sami Alam has also joined CARS24 as a Senior Director of Engineering. The platform has earned trust as a reputable brand, expanding its presence not only in India but also in the UAE, Australia, and Thailand, establishing itself as an internationally recognized and trusted entity.
