About CarTrade Tech
CarTrade Tech is a company based in Mumbai (India) founded in 2006 by Vinay Sanghi.. CarTrade Tech has raised $327.94 million across 9 funding rounds from investors including IIFL Finance, MassMutual and J P Morgan. The company has 1,160 employees as of March 31, 2024. CarTrade Tech has completed 1 acquisition, including Sobek Auto India. CarTrade Tech operates in a competitive market with competitors including CarDekho, Spinny, CarWale, Droom and Truebil, among others.
- Headquarter Mumbai, India
- Employees 1160 as on 31 Mar, 2024
- Founders Vinay Sanghi
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
- Legal Name Cartrade Tech Ltd.
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Annual Revenue
$74.88 M (USD)30.85as on Mar 31, 2024
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Net Profit
$15.77 M (USD)841.42as on Mar 31, 2024
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EBITDA
$18.11 M (USD)87.82as on Mar 31, 2024
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Total Equity Funding
$327.94 M (USD)
in 9 rounds
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Latest Funding Round
$30.9 M (USD), Series H
Apr 07, 2021
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Investors
IIFL Finance
& 20 more
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Employee Count
1160
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of CarTrade Tech
CarTrade Tech is a publicly listed company on the NSE with ticker symbol CARTRADE in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of CarTrade Tech
CarTrade Tech has successfully raised a total of $327.94M across 9 strategic funding rounds. The most recent funding activity was a Series H round of $30.9 million completed in April 2021. 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 9
- Last Round Series H — $30.9M
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First Round
First Round
(08 Dec 2009)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series H - CarTrade Tech | Valuation | Malabar Investments | |
| Jun, 2020 | Amount | Series H - CarTrade Tech | Valuation | Temasek , Warburg Pincus |
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| Feb, 2017 | Amount | Series G - CarTrade Tech | Valuation | Temasek |
| 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 Tech
CarTrade Tech has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include IIFL Finance, MassMutual and J P Morgan. 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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Long/short and event-driven equity hedge fund and private equity firm focused on small to mid size companies
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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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 Tech
CarTrade Tech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sobek Auto India. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Dealership services for car sales are offered in India.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CarTrade Tech
| 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 Tech Comparisons
Competitors of CarTrade Tech
CarTrade Tech 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 CarDekho, Spinny, CarWale, Droom and Truebil, 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 |
Retailer of new automobiles, used vehicles, and related automotive news
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| domain | founded_year | HQ Location |
Retailer of inspected, certified pre-owned vehicles with service and finance options
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| domain | founded_year | HQ Location |
Second-hand cars are listed online to connect buyers and sellers.
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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 P2P marketplace for used cars
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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 Tech
Frequently Asked Questions about CarTrade Tech
When was CarTrade Tech founded?
CarTrade Tech was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is CarTrade Tech located?
CarTrade Tech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of CarTrade Tech?
Vinay Sanghi is the current CEO of CarTrade Tech. They have also founded this company.
Is CarTrade Tech a funded company?
CarTrade Tech is a funded company, having raised a total of $327.94M across 9 funding rounds to date. The company's 1st funding round was a Series G of $55M, raised on Dec 08, 2009.
How many employees does CarTrade Tech have?
As of Mar 31, 2024, the latest employee count at CarTrade Tech is 1,160.
What is the annual revenue of CarTrade Tech?
Annual revenue of CarTrade Tech is $74.88M as on Mar 31, 2024.
What does CarTrade Tech do?
CarTrade Tech was established in 2006 in Mumbai, India, as an online marketplace focused on the automotive sector. Used cars and vehicles are facilitated for listing, searching, selling, and purchasing by users through the platform. Operations center on connecting buyers and sellers digitally, with services extending across India to support vehicle transactions in the pre-owned market.
Who are the top competitors of CarTrade Tech?
Is CarTrade Tech publicly traded?
Yes, CarTrade Tech is publicly traded on NSE under the ticker symbol CARTRADE.
How many acquisitions has CarTrade Tech made?
CarTrade Tech has made 1 acquisition, including Sobek Auto India.
Who are CarTrade Tech's investors?
CarTrade Tech has 21 investors. Key investors include IIFL Finance, MassMutual, J P Morgan, Warburg Pincus, and Temasek.
What is CarTrade Tech's ticker symbol?
The ticker symbol of CarTrade Tech is CARTRADE on NSE.
What is CarTrade Tech's valuation?
The valuation of CarTrade Tech is $961.75M as of Apr 2021.
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