Triflimide catalysis of the [3 + 2]-cycloaddition of 3-indolymethanols with vinyldiazoacetates provides general access to β-tetrahydrocyclopenta[b]indol-substituted α-diazoesters. Initiated by addition of the in situ generated vinylogous iminium electrophile from 3-indolymethanol to the vinylogous position of the vinyldiazo compound and completed by intramolecular cyclization from the vinyldiazonium ion intermediate, this transformation occurs in good yields and excellent diastereoselectivity with a broad substrate scope under mild conditions. The resulting α-diazoesters undergo Rh2(OAc)4-catalyzed substrate-dependent 1,2-migration to form multisubstituted carbazoles in high yields.