About CarTrade Exchange
CarTrade Exchange is a company based in Mumbai (India) founded in 2009.. CarTrade Exchange has raised $13 million across 3 funding rounds from investors including Canaan, Tiger Global and Ephiphany Ventures. The company has 158 employees as of April 08, 2024. CarTrade Exchange operates in a competitive market with competitors including ACV Auctions, Droom, CarTrade Tech, Mahindra First Choice and SAMIL, among others.
- Headquarter Mumbai, India
- Employees 158 as on 08 Apr, 2024
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
*********
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Website
*********
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Social
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- Legal Name Cartradeexchange Solutions Private Limited
- Date of Incorporation 19 Oct, 2012
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$3.25 M (USD)34.93as on Mar 31, 2023
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Net Profit
$855.22 K (USD)326.23as on Mar 31, 2023
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EBITDA
$955.67 K (USD)416.36as on Mar 31, 2023
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Total Equity Funding
$13 M (USD)
in 3 rounds
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Latest Funding Round
$13 M (USD), Series C
Aug 30, 2011
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Investors
Canaan
& 3 more
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Employee Count
158
as on Apr 08, 2024
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Funding Insights of CarTrade Exchange
CarTrade Exchange has successfully raised a total of $13M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $13 million completed in August 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $13.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2011 | Amount | Series C - CarTrade Exchange | Valuation | Tiger Global Management | |
| Dec, 2010 | Amount | Series B - CarTrade Exchange | Valuation | Canaan , Ephiphany Ventures |
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| Dec, 2009 | Amount | Series A - CarTrade Exchange | Valuation | Canaan |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CarTrade Exchange
CarTrade Exchange has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Canaan, Tiger Global and Ephiphany Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in early stage companies in India
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CarTrade Exchange
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CarTrade Exchange
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cartrade Exchange Comparisons
Competitors of CarTrade Exchange
CarTrade Exchange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ACV Auctions, Droom, CarTrade Tech, Mahindra First Choice and SAMIL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
B2B online auctions for car dealers' inventory are facilitated.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Online marketplace for used cars
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| domain | founded_year | HQ Location |
Multi-brand used cars are traded via an online marketplace platform.
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| domain | founded_year | HQ Location |
App-based bidding for used vehicles and equipment is enabled.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cartrade Exchange
Frequently Asked Questions about CarTrade Exchange
When was CarTrade Exchange founded?
CarTrade Exchange was founded in 2009.
Where is CarTrade Exchange located?
CarTrade Exchange is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is CarTrade Exchange a funded company?
CarTrade Exchange is a funded company, having raised a total of $13M across 3 funding rounds to date.
How many employees does CarTrade Exchange have?
As of Apr 08, 2024, the latest employee count at CarTrade Exchange is 158.
What is the annual revenue of CarTrade Exchange?
Annual revenue of CarTrade Exchange is $3.25M as on Mar 31, 2023.
What does CarTrade Exchange do?
CarTrade Exchange was founded in 2009 and is headquartered in Mumbai, India. Operations are centered in the automotive sector, where an online platform is maintained for vehicle auctions and listing services. Sales of vehicles are enabled through digital auctions, while used vehicles are listed for potential buyers. The platform supports transactions across India, with domain access available at cartradeexchange.com.
Who are the top competitors of CarTrade Exchange?
CarTrade Exchange's top competitors include ACV Auctions, Droom and CarTrade Tech.
Who are CarTrade Exchange's investors?
CarTrade Exchange has 4 investors. Key investors include Canaan, Tiger Global, Ephiphany Ventures, and Austin Ligon.
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