Data Scientist at CARS24

Short Description:

CARS24, a dynamic player in the auto industry, seeks a skilled Data Scientist to address challenges in used car financing. The company envisions becoming India's largest auto entity by integrating services from buying and selling cars to providing loans, insurance, and repairs. With a strong tech focus, the team, led by industry veterans, emphasizes data analysis and statistical techniques to enhance customer experiences and guide strategic decisions. The successful candidate, with a B.Tech background and 2+ years of industry experience, will contribute to the company's growth by solving complex business problems through innovative data-driven approaches. CARS24 values high standards, business judgment, and a results-oriented mindset in its leaders.

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Position: Data Scientist

Company: CARS24

Location: Gurugram, Haryana, India

Job type: On-site /Full-time

 

About CARS24

The Challenge:

Buying a used car is a cumbersome process, especially when seeking financial support. While new cars receive ample funding from banks and NBFCs, the scenario shifts when it comes to used cars. Less than 1/5th of used car transactions are currently funded, presenting a significant challenge.

Why it Matters:

1. Market Dynamics: The ratio of used cars to new cars purchased is over 10 times higher in developed countries like the USA and China compared to just 1.5 times in India. Limited financing options hinder the growth of the used car market.

2. Supply and Demand Leadership: CARS24, with its substantial supply and demand for used cars, aims to lead in both aspects. The company's ability to re-liquidate cars efficiently provides a unique advantage over traditional lenders.

3. Auto Ecosystem Ownership: Beyond transactions, the auto business involves lending, servicing, insurance, and data services. Owning the supply enables the company to dominate the entire auto ecosystem.

Our Vision:

To become India's largest auto company, offering comprehensive services from selling and buying cars to providing loans, insurance, and repair services.

How We Achieve It:

We are a technology-driven company, leveraging innovative solutions to organize supply and build future-oriented offerings. While technology is crucial, effective operations and execution play an equally vital role.

Current Progress:

• Company Age: 3 years old
• Monthly Car Transactions: 10,000+ (Growing at 20%+ monthly)
• Employee Strength: 1500+
• Branches: Nearly 100 across 13+ cities for buying cars, selling in over 100 cities
• Ad Campaigns: One of the biggest advertisers on TV in India
• Funding: Raised $100 million from Sequoia, Fiat family, and others, with plans for additional funding.

About the Team:

Captained by Vikram Chopra and Mehul Agrawal, industry veterans with backgrounds from Wharton, IIT Bombay, Sequoia Capital, McKinsey, BCG, and IIM Calcutta. The team is a mix of driven individuals with outstanding credentials, collectively aiming to make a significant impact in the auto industry.

Job Details:

• Responsibilities:

  • Utilize data analysis and statistical techniques to enhance customer experience and guide business decisions.
  • Identify predictors and causes of business-related problems, implementing novel forecasting and prediction approaches.
  • Manage and execute analyses to uncover opportunities, presenting written business recommendations.
  • Collaborate with multiple teams as a leader in quantitative analysis, developing solutions with high analytical rigor and data integrity.
  • Analyze and solve business problems at their root.

• Basic Qualifications:

  • B.Tech from a tier1/tier2 college.
  • Minimum of 2 years of industry experience in data analysis, statistical analysis, and predictive modeling.
  • Solid understanding of data science concepts and analytical algorithms.
  • Prior experience with SQL and Python.
  • Strong OOPS and project management skills.
  • Excellent proficiency in Microsoft Office, including a strong working knowledge of Excel.
  • Problem-solving ability and a passion for big data.
  • Excellent communication and data presentation skills.

• Preferred Qualifications:

  • Experience with analysis tools like Python, R Studio, Tableau, etc.
  • Solid project management skills.

Professional Traits Necessary for CARS24 Leaders:

• Exhibits business judgment.
• Maintains relentlessly high standards.
• Dives deep and is result-oriented.
• Thinks big and has convictions.
• Thrives in a fast-paced environment where continuous innovation is desired, and ambiguity is the norm.

Join us in this exciting journey as we revolutionize the auto industry and shape the future of used car transactions in India!

Please click here to apply.

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