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
Locked
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Website
Locked
- 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.
People of CarTrade Tech
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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.
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.
| 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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Locked | Locked | Locked | |
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An investment platform is provided for diverse sectors and geographies.
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Multi-stage private equity investments are pursued across diverse sectors.
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Locked | Locked | Locked |
Investor details for CarTrade Tech
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Investments & Acquisitions by CarTrade Tech
CarTrade Tech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sobek Auto India.
Investment portfolio details for CarTrade Tech
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| 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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Locked | Locked | 2018 | Locked |
Complete acquisition details for CarTrade Tech
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Financial Statements - CarTrade Tech
Detailed financials for CarTrade Tech
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Cartrade Tech Comparisons
Peer comparison for CarTrade Tech
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Retailer of new automobiles, used vehicles, and related automotive news
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Retailer of inspected, certified pre-owned vehicles with service and finance options
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Second-hand cars are listed online to connect buyers and sellers.
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Used vehicles are bought and sold through an AI platform.
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| Locked | Locked | Locked |
Online P2P marketplace for used cars
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Detailed competitors of CarTrade Tech
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Latest news on Cartrade Tech
Complete news archive for CarTrade Tech
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Frequently Asked Questions about CarTrade Tech
CarTrade Tech was founded in 2006 and raised its 1st funding round 3 years after it was founded.
CarTrade Tech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vinay Sanghi is the current CEO of CarTrade Tech. They have also founded this company.
CarTrade Tech is a funded company, having raised a total of $327.94M across 9 funding rounds to date.
As of Mar 31, 2024, the latest employee count at CarTrade Tech is 1,160.
Annual revenue of CarTrade Tech is $74.88M as on Mar 31, 2024.
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.
Yes, CarTrade Tech is publicly traded on NSE under the ticker symbol CARTRADE.
CarTrade Tech has made 1 acquisition, including Sobek Auto India.
CarTrade Tech has 21 investors. Key investors include IIFL Finance, MassMutual, J P Morgan, Warburg Pincus, and Temasek.
The ticker symbol of CarTrade Tech is CARTRADE on NSE.
The valuation of CarTrade Tech is $961.75M as of Apr 2021.