CarTrade

Mumbai, India Founded: 2009 • Age: 17 yrs Listed
App-based used cars listing platform
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About CarTrade

CarTrade is a publicly listed company based in Mumbai (India) founded in 2009 by Vinay Sanghi. App-based used cars listing platform. CarTrade has raised $272.44 million across 6 funding rounds from investors including IIFL Finance, MassMutual and J P Morgan. CarTrade has completed 4 acquisitions, including Adroit Techincal Services, CarWale and OLX. CarTrade was last valued at $416.94 million in February 2017. Its chief executive, as recorded, is Vinay Sanghi. Its website cartrade.com draws about 1.9 million monthly visits. Its Indian entity Cartrade Tech Limited reported revenue of ₹870 Cr. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its competitors include Spinny, CarDekho and CarWale; 3 of its 3 listed competitors have raised funding.

Company details

CarTrade was founded in 2009 in Mumbai, India, within the automotive sector. Second-hand cars of various models are listed on its mobile platform, where searches can be conducted using filters such as price range, city, brand, and vehicle type. Details on road prices, upcoming models, and EMI calculations are made available. The application operates on iOS and Android devices.

Recognitions & Rankings of CarTrade

India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#493
Valuation
₹5,700 Cr
  • Headquarters Mumbai, India
  • Founders Vinay Sanghi
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Website category Vehicles
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website cartrade.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Cartrade Tech Limited
  • Date of Incorporation 28 Apr, 2000
  • Jurisdiction Thane, Maharashtra, India
Operational Areas
Transportation, Automotive & Logistics → Automotive Retail & Aftersales
Transportation, Automotive & Logistics → Automotive Retail & Aftersales
Key Metrics
  • Market Cap
    ₹13,715 Cr

    CARTRADE · NSE

  • Share Price
    ₹2,348.00

    -16.77% today

  • Revenue
    ₹779 Cr

    FY 2025-26 · +21.5% YoY

  • EBITDA
    ₹251 Cr

    Margin 32.2%

  • Net Profit
    ₹227 Cr

    FY 2025-26 · +70.4% YoY

  • P/E (TTM)
    57.4x

    P/B 5.5x

  • ROE
    10.1%

    ROCE 11.8%

  • Debt / Equity
    0.06

    Interest cover 6.2x

  • Total Equity Funding
    $272.44M (USD)

    in 6 rounds

  • Latest Funding Round
    $25M (USD), Series H

    Apr 2021

  • Investors
    IIFL Finance

    & 10 more

  • Investments & Acquisitions
    Adroit Techincal Services

    & 3 more

Apps and channels of CarTrade

CarTrade publishes 1 mobile app with over 1M+ downloads.

CarTrade - New Cars, Used Cars
Google Play Auto & Vehicles Everyone Free 1M+ downloads
Developer: CarTrade.com
View on Google Play

Funding Insights of CarTrade

CarTrade has successfully raised a total of $272.44M across 6 strategic funding rounds. The most recent funding activity was a Series H round of $25 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 $272.44M
  • Total Rounds 6
  • Last Round Series H — $25M
  • Investors Count 11
Valuation history
DateValuationStage
Feb 2017$416.94M••••••••
Jan 2016$320.87M••••••••
Dec 2010$•••••••••••••
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Full valuation and stage history of CarTrade

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

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  • Stage changes
  • Dates
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Last known valuation $416.94M (Feb 2017). 11 investors in total: 11 institutional.

Investors in CarTrade

CarTrade has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include IIFL Finance, MassMutual and J P Morgan.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Temasek
An investment platform is provided for diverse sectors and geographies.
1974temasek.com.sgSingapore, Singapore
Warburg Pincus
Multi-stage private equity investments are pursued across diverse sectors.
1966warburgpincus.comNew York, United States
March Capital
Venture capital firm investing in multiple sectors
marchcp.comSanta Monica, United States
Marche Capital
Tech-focused VC firm investing in geographies such as Italy and the US
marchecapital.itOsimo, Italy
Canaan
Canaan is recognized as an early-stage venture capital firm.
1987canaan.comSan Francisco, United States
Ephiphany Ventures
Tech focused VC firm investing in early stage companies in India
epiphanyventures.inMumbai, India
Malabar Investments
Long/short and event-driven equity hedge fund and private equity firm focused on small to mid size companies
malabarinvest.comNew York, United States
J P Morgan
Comprehensive financial services are provided to corporations and individuals.
1799jpmorgan.comNew York, United States
MassMutual
Mutual life insurance company
1851massmutual.comSpringfield, United States
Trident Trust
Offers corporate, fiduciary, and fund services to clients worldwide efficiently.
1978tridenttrust.comNassau City, Bahamas
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Investor details for CarTrade

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Cartrade Tech Limited (CarTrade)

Cartrade Tech Limited is the primary company behind CarTrade. The boards of the 2 registered companies of CarTrade currently have 9 directors; the longest-serving is Vinay Vinod Sanghi, appointed in 2009. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vinay Vinod Sanghi
DIN 00309085
Managing Director06 Jul 200917 yrs 3 moCartrade Tech Limited
Victor Anthony Perry Iii
DIN 06992828
Director22 Oct 201412 yrsCartrade Tech Limited
Akshay Shankar
DIN 02205532
Director02 Nov 20205 yrs 11 moCartrade Finance Private Limited
Aneesha Bhandary
DIN 07779195
Director23 Apr 20215 yrs 6 moCartrade Tech Limited, Cartrade Finance Private Limited
Vivek Gul Asrani
DIN 00114447
Director23 Apr 20215 yrs 6 moCartrade Tech Limited
Kishori Jayendra Udeshi
DIN 01344073
Director23 Apr 20215 yrs 6 moCartrade Tech Limited
Lakshminarayanan Subramanian
DIN 02808698
Director12 May 20215 yrs 5 moCartrade Tech Limited
Vinesh Mahabal Kuckian
DIN 10831175
Additional Director06 Dec 20241 yr 10 moCartrade Finance Private Limited
Steven Douglas Greenfield
DIN 10916964
Director01 Apr 20251 yr 6 moCartrade Tech Limited

People of CarTrade

14 people are tracked at CarTrade (7 in leadership, 7 in team).

NameRoleGroup
Vinay Sanghi
Co-Founder & CEOLeadership
Akshay Shankar
CPOLeadership
Vinay Vinod Sanghi
Chairman & Managing DirectorLeadership
Sameer Malhotra
CEO, Shriram AutomallLeadership
Aneesha Bhandary
Executive Director & CFOLeadership
Banwari Lal Sharma
CEO, Consumer BusinessLeadership
Phalguni Hari Pillai
Vice PresidentLeadership
Lal Bahadur Pal
Company Secretary & Compliance OfficerTeam
Mayank Gupta
Executive Marketing And Operations .Team
Hitesh Deshmukh
Assistant Manager FinanceTeam
Utkarsh Srivastava
Business Development ManagerTeam
Mangesh Mishra
Finance ManagerTeam
Sumit Patil
BDMTeam
Uttam Korade
ExecutiveTeam
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Complete people profiles for CarTrade

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of CarTrade

CarTrade 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.

  • IPO date20 Aug 2021
  • Listed onNSE: CARTRADE
  • Listed entityCarTrade Tech Ltd.
  • Exchange sectorTechnology services

Financials of CarTrade

Exchange-reported figures of Cartrade Tech Limited, the listed company behind CarTrade (NSE: CARTRADE).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹779 Cr
+21.5% YoY
EBITDA
₹251 Cr
+65.6% YoY
Profit After Tax
₹227 Cr
+70.4% YoY
Net Worth
₹2,483 Cr
+11.8% YoY
Total Assets
₹2,783 Cr
+12.4% YoY
Total Debt
₹140 Cr
+6.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue779641490364313250298
Revenue growth+21.5%+30.9%+34.7%+16.3%+25.3%-16.3%-
EBITDA25115218.2533.96(133)39.7540.31
EBITDA margin+32.2%+23.7%+3.7%+9.3%-42.7%+15.9%+13.5%
Profit before tax29016835.8960.56(119)46.9838.90
Net profit2271336.3633.76(133)92.3811.47
Net profit margin+29.2%+20.8%+1.3%+9.3%-42.5%+37.0%+3.9%
EPS (₹)46.5828.383.057.26(28.33)258.0763.43
Balance sheet
Total assets2,7832,4762,2832,2162,1571,8221,379
Net worth2,4832,2212,0702,0431,9791,6801,262
Total debt14013111286.4377.1254.5542.14
Cash & bank41.2176.6099.4527.8762.5924.4821.59
Net working capital10510285.1233.7958.2956.7257.94
Cash flow
Cash from operations25717115.8748.2263.1635.2117.16
Cash from investing(231)(138)13.08(16.55)(281)(341)(8.15)
Cash from financing(23.36)(26.82)(32.93)(39.12)229308(11.07)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue201203210193173170176154
Revenue growth (YoY)+16.3%+19.8%+19.0%+25.4%+22.3%---
Other income28.5817.6118.7028.7325.4619.9516.7318.02
EBITDA59.9071.6571.7463.5943.5146.1650.0832.70
EBITDA margin+29.8%+35.3%+34.2%+32.9%+25.1%+27.2%+28.4%+21.2%
Depreciation10.7710.929.389.379.039.6410.5110.64
Interest3.193.343.083.033.023.142.912.94
Profit before tax74.5275.0077.9879.9256.9253.3353.3937.14
Tax17.774.1516.4715.849.857.237.866.42
Net profit56.7570.8561.5164.0847.0746.1045.5330.72
EPS (₹)10.2612.8711.1411.998.388.188.295.45
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue30823818715712592.79120
Revenue growth+29.7%+27.3%+19.2%+25.5%+34.6%-23.0%-
EBITDA11160.3315.95(3.10)(178)4.95(2.23)
EBITDA margin+36.2%+25.4%+8.5%-2.0%-143.0%+5.3%-1.9%
Profit before tax14090.9353.5746.41(152)20.259.26
Net profit12074.3631.5332.60(147)79.429.92
Net profit margin+39.1%+31.3%+16.9%+20.8%-117.6%+85.6%+8.2%
EPS (₹)23.0815.709.006.96(31.33)221.5429.54
Balance sheet
Total assets2,3382,1682,0732,0101,9491,6591,252
Net worth2,3062,1512,0581,9981,9351,6501,244
Total debt15.968.197.255.588.074.584.56
Cash & bank14.998.408.5011.8548.8013.3310.47
Net working capital10158.9852.1044.0858.7632.3933.16
Cash flow
Cash from operations98.0766.5611.747.9816.1614.830.90
Cash from investing(101)(67.85)(9.66)(17.40)(251)(329)(0.52)
Cash from financing9.401.19(5.43)(0.53)244317(4.24)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue78.1179.3986.3176.2566.3863.6467.9955.62
Revenue growth (YoY)+17.7%+24.8%+27.0%+37.1%+31.6%---
Other income13.359.029.449.1712.5111.839.4410.46
Total expenses55.3348.2056.1245.5746.9545.5044.2844.41
EBITDA22.7831.1930.1930.6819.4318.1423.7111.21
EBITDA margin+29.2%+39.3%+35.0%+40.2%+29.3%+28.5%+34.9%+20.2%
Depreciation2.793.742.322.472.332.272.322.40
Interest0.280.340.150.180.190.180.190.22
Profit before tax33.0636.1337.1637.2029.4227.5230.6419.05
Tax7.330.958.568.506.426.076.253.30

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue201203210193173170176154
Revenue growth (YoY)+16.3%+19.8%+19.0%+25.4%+22.3%---
Other income28.5817.6118.7028.7325.4619.9516.7318.02
EBITDA59.9071.6571.7463.5943.5146.1650.0832.70
EBITDA margin+29.8%+35.3%+34.2%+32.9%+25.1%+27.2%+28.4%+21.2%
Depreciation10.7710.929.389.379.039.6410.5110.64
Interest3.193.343.083.033.023.142.912.94
Profit before tax74.5275.0077.9879.9256.9253.3353.3937.14
Tax17.774.1516.4715.849.857.237.866.42
Net profit56.7570.8561.5164.0847.0746.1045.5330.72
EPS (₹)10.2612.8711.1411.998.388.188.295.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue779641490364313250298
Revenue growth+21.5%+30.9%+34.7%+16.3%+25.3%-16.3%-
Other income90.5069.8865.2863.9846.2331.8420.16
Total expenses528490472330446210258
Employee cost307284246205333130133
EBITDA25115218.2533.96(133)39.7540.31
EBITDA margin+32.2%+23.7%+3.7%+9.3%-42.7%+15.9%+13.5%
Depreciation38.6940.8637.3928.7424.7419.9317.38
Interest13.2212.3610.258.647.164.684.19
Profit before tax29016835.8960.56(119)46.9838.90
Tax46.3223.1015.9120.132.24(56.42)7.62
Net profit2271336.3633.76(133)92.3811.47
Net profit margin+29.2%+20.8%+1.3%+9.3%-42.5%+37.0%+3.9%
EPS (₹)46.5828.383.057.26(28.33)258.0763.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital47.8847.4446.8946.8446.6242.3838.35
Reserves & surplus2,4352,1732,0231,9971,9331,6381,224
Shareholders' funds (net worth)2,4832,2212,0702,0431,9791,6801,262
Minority interest13510686.8978.9695.0882.1970.28
Secured loans0.000.000.000.000.000.000.00
Unsecured loans14013111286.4377.1254.5542.14
Total debt14013111286.4377.1254.5542.14
Total liabilities2,7832,4762,2832,2162,1571,8221,379
Assets
Gross block1,7281,6791,6471,1611,1331,0951,074
Net block1,5221,4971,4891,0421,0411,0221,016
Capital work in progress1.250.000.000.000.370.490.19
Investments910614510985884645295
Inventories0.000.000.000.001.221.580.02
Sundry debtors92.9986.7773.2851.6041.4647.3046.69
Cash & bank balances41.2176.6099.4527.8762.5924.4821.59
Loans & advances19816813878.0171.8485.6773.22
Total current assets332332311157177159142
Total current liabilities22722922612411910283.58
Net working capital10510285.1233.7958.2956.7257.94
Total assets2,7832,4762,2832,2162,1571,8221,379
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash28.7622.1426.1133.5721.9919.5221.59
Net cash from operating activities25717115.8748.2263.1635.2117.16
Net cash from investing activities(231)(138)13.08(16.55)(281)(341)(8.15)
Net cash from financing activities(23.36)(26.82)(32.93)(39.12)229308(11.07)
Net change in cash2.646.62(3.97)(7.46)11.582.47(2.07)
Closing cash41.2176.6099.4527.8762.5924.4821.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+21.5%+30.9%+34.7%+16.3%+25.3%-16.3%-
EBITDA growth+65.6%+731.3%-46.3%+125.5%-435.7%-1.4%-
PBT growth+72.1%+369.2%-40.7%+9998.0%-+20.8%+9.8%
Net income growth+70.4%+1998.6%-81.2%+125.4%-243.8%+705.4%-
Revenue CAGR (3Y)+28.9%+27.1%+25.2%+6.8%+8.7%+47.2%+109.2%
EBITDA CAGR (3Y)+94.9%--22.9%-5.6%---
Profitability & leverage
Net income margin+31.3%+22.7%+4.1%+11.1%-38.8%+41.4%+10.5%
Return on capital employed+11.8%+7.3%+3.9%+3.1%0.0%+3.0%+1.8%
Return on net worth+10.1%+6.2%+0.5%+1.9%0.0%+6.3%+1.4%
Debt / equity0.060.060.050.040.040.030.03
Long-term debt / equity0.050.050.040.030.030.030.02
Interest cover6.2211.15-53.55165.52-4.5323.6118.27
Efficiency & per share
Fixed asset turnover0.460.390.350.320.280.230.28
Inventory turnover0.000.000.00596.30223.37312.10621.42
Debtors turnover8.678.027.857.827.055.317.21
EPS (₹)46.5828.383.057.26(28.33)258.0763.43
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)518.66468.11441.48436.22424.534,579.233,558.38
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue78.1179.3986.3176.2566.3863.6467.9955.62
Revenue growth (YoY)+17.7%+24.8%+27.0%+37.1%+31.6%---
Other income13.359.029.449.1712.5111.839.4410.46
Total expenses55.3348.2056.1245.5746.9545.5044.2844.41
EBITDA22.7831.1930.1930.6819.4318.1423.7111.21
EBITDA margin+29.2%+39.3%+35.0%+40.2%+29.3%+28.5%+34.9%+20.2%
Depreciation2.793.742.322.472.332.272.322.40
Interest0.280.340.150.180.190.180.190.22
Profit before tax33.0636.1337.1637.2029.4227.5230.6419.05
Tax7.330.958.568.506.426.076.253.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue30823818715712592.79120
Revenue growth+29.7%+27.3%+19.2%+25.5%+34.6%-23.0%-
Other income40.1440.8446.2756.2432.1220.4516.67
Total expenses19717717116030387.84123
Employee cost0.0012011911225261.1265.26
EBITDA11160.3315.95(3.10)(178)4.95(2.23)
EBITDA margin+36.2%+25.4%+8.5%-2.0%-143.0%+5.3%-1.9%
Depreciation10.869.508.086.114.884.844.59
Interest0.860.740.570.620.680.310.59
Profit before tax14090.9353.5746.41(152)20.259.26
Tax24.4416.4611.3813.80(5.86)(59.17)(0.93)
Net profit12074.3631.5332.60(147)79.429.92
Net profit margin+39.1%+31.3%+16.9%+20.8%-117.6%+85.6%+8.2%
EPS (₹)23.0815.709.006.96(31.33)221.5429.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital47.8847.4446.8946.8446.6242.3838.35
Reserves & surplus2,2582,1032,0111,9521,8891,6081,206
Shareholders' funds (net worth)2,3062,1512,0581,9981,9351,6501,244
Secured loans0.000.000.000.000.000.000.00
Unsecured loans15.968.197.255.588.074.584.56
Total debt15.968.197.255.588.074.584.56
Total liabilities2,3382,1682,0732,0101,9491,6591,252
Assets
Gross block887852843832828819813
Net block824800800795797792790
Capital work in progress1.250.000.000.000.000.130.00
Investments1,3821,2651,1621,1111,017767423
Inventories0.000.000.000.001.221.580.02
Sundry debtors75.6563.9149.8535.9421.2330.5831.45
Cash & bank balances14.998.408.5011.8548.8013.3310.47
Loans & advances46.8322.6719.4021.2216.1013.9016.25
Total current assets13794.9877.7569.0187.3559.3958.19
Total current liabilities35.9836.0025.6524.9328.5927.0025.03
Net working capital10158.9852.1044.0858.7632.3933.16
Total assets2,3382,1682,0732,0101,9491,6591,252
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash8.408.5011.8521.8013.3110.4614.32
Net cash from operating activities98.0766.5611.747.9816.1614.830.90
Net cash from investing activities(101)(67.85)(9.66)(17.40)(251)(329)(0.52)
Net cash from financing activities9.401.19(5.43)(0.53)244317(4.24)
Net change in cash6.59(0.10)(3.35)(9.95)8.492.85(3.87)
Closing cash14.998.408.5011.8548.8013.3310.47
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+29.7%+27.3%+19.2%+25.5%+34.6%-23.0%-
EBITDA growth+84.8%+278.2%+614.5%+98.3%-3706.1%+322.0%-
PBT growth+53.9%+69.7%+15.4%+9998.0%-+118.7%+32.3%
Net income growth+62.0%+135.8%-3.3%+122.2%-284.9%+700.6%-
Revenue CAGR (3Y)+25.3%+23.9%+26.2%+9.2%+10.6%+47.8%+68.8%
EBITDA CAGR (3Y)--+47.7%+11.6%+150.8%--61.8%
Profitability & leverage
Net income margin+37.5%+31.3%+22.6%+20.8%-117.0%+85.6%+8.5%
Return on capital employed-+3.9%+1.7%+2.2%0.0%+1.2%+0.7%
Return on net worth-+3.2%+1.4%+1.5%0.0%+4.8%+0.7%
Debt / equity-0.000.000.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover0.851.467.24-6.73-0.37281.82-8.65
Efficiency & per share
Fixed asset turnover-0.280.220.190.150.110.15
Inventory turnover-0.000.00256.8589.18115.99250.92
Debtors turnover-4.184.355.484.822.994.14
EPS (₹)23.0815.709.006.96(31.33)221.5429.54
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00453.36438.97426.61415.114,495.563,504.92

Investments & Acquisitions by CarTrade

CarTrade has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Adroit Techincal Services, CarWale and OLX.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
OLX
Second-hand multi-category products are listed on an online platform.
olx.inGurugram, India2005Aug 2023$64.49M
SAMIL
App-based bidding for used vehicles and equipment is enabled.
samil.inDelhi, India2011Jan 2018$24.6M
Adroit Techincal Services
Valuation and appraisal consultancy services are offered offline.
adroitgroup.netDelhi, India2005May 2017••••
CarWale
Second-hand cars are listed online to connect buyers and sellers.
carwale.comMumbai, India2003Nov 2015$80.12M
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Timeline of CarTrade

9 dated milestones of CarTrade across 14 years, from founding to its latest funding, stage changes and deals.

  1. Founded CarTrade is founded.
  2. Funding First funding round.
  3. Milestone Reaches Minicorn status.
  4. Acquisition Acquires CarWale.
  5. Acquisition Acquires Adroit Techincal Services.
  6. Acquisition Acquires SAMIL.
  7. Funding Latest funding round, Series H, of $25.0M.
  8. IPO Lists on the stock exchange (IPO).
  9. Acquisition Acquires OLX.

Competitors of CarTrade

CarTrade has 3 listed competitors in our database, 3 of them funded. They include Spinny, CarDekho and CarWale.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Spinny
spinny.com2015Gurugram, India$741.46M5,736
Retailer of inspected, certified pre-owned vehicles with service and finance options
CarDekho
cardekho.com2008Jaipur, India$60M2,381
Retailer of new automobiles, used vehicles, and related automotive news
CarWale
carwale.com2003Mumbai, India$5.89M1,150
Second-hand cars are listed online to connect buyers and sellers.
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Web traffic of CarTrade

The website of CarTrade (cartrade.com) receives about 1.9M visits a month and ranks #30,687 among all websites worldwide, #577 in Vehicles.

  • Monthly visits
    1.9M

    ▲ 1.8% vs previous month

  • Unique visitors
    1.1M

    per month

  • Global rank
    #30,687

    among all websites

  • Category rank
    #577

    Vehicles · Vehicles

Similar websites

Websites whose visitors overlap most with CarTrade. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
CarWale
carwale.com
100%
58.3M#687View details
CarDekho
cardekho.com
98%
39.3M#1,206View details
ZigWheels
zigwheels.com
87%
2.8M#19,757View details
Autocar India
autocarindia.com
83%
15.3M#4,330View details
Spinny
spinny.com
79%
7.3M#7,428View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Automotive Retail & Aftersales

3 companies that operate in the same segment as CarTrade (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Digit Insurance
General and life insurance products are provided across multiple categories.
2016Bengaluru, Karnataka, IndiaUSD 462.45 MUSD 1.12 B4,589
ACKO
Insurance products for vehicles, health, travel, and life are offered.
2016Bengaluru, Karnataka, IndiaUSD 746.17 MUSD 216.04 M1,306
Spinny
Retailer of inspected, certified pre-owned vehicles with service and finance options
2015Gurugram, Haryana, IndiaUSD 741.46 MUSD 446.48 M5,812
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Related news about Cartrade

CARTRADE: Q2 CONS NET PROFIT 595M RUPEES VS 597M (YOY)
Exchange Update • today
CARTRADE: Q2 EBITDA 760M RUPEES VS 636M (YOY); Q2 EBITDA MARGIN 35.67% VS 32.88% (YOY)
Exchange Update • today
CARTRADE: Q2 REVENUE 2.13B RUPEES VS 1.93B (YOY)
Exchange Update • today
CarTrade: UBS on CarTrade Maintains Buy, Target Price ₹4,000; CarTrade has improved OLX India’s user experience and profitability to over 30% operating margin, while the market may be underestimating growth potential across subscriptions, dealer partnerships, financing, escrow, logistics and advertising; estimates OLX revenue could grow 3.8x in five years in its base case, with successful execution a potential re-rating catalyst.
Exchange Update • 16 days ago
CarTrade: Nomura on CarTrade maintains Buy with Target Price of ₹3,340 as offline used-car partnerships, OLX monetisation and VAYA AI can drive growth, with revenue having the potential to at least double from FY26 levels.
Exchange Update • 1 month ago
Landmark Cars and OLX India Partner to Build India's Leading Phygital Pre-Owned Car Platform - The Wire
The Wire • 1 month ago
CarTrade Tech: Landmark Cars And OLX India Team Up To Create Top Phygital Platform For Pre-Owned Cars In India.
Exchange Update • 1 month ago
Landmark Cars and OLX India Partner to Build India's Leading Phygital Pre-Owned Car Platform
Business Standard • 1 month ago
Welspun Corp Ltd leads gainers in 'A' group | Capital Market News - Business Standard
Business Standard • 2 months ago
Cars24, Spinny, Droom seek new growth engines as profits remain elusive
Mint • 2 months ago
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Frequently Asked Questions about CarTrade

CarTrade was founded in 2009.

CarTrade is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Vinay Sanghi is the CEO of CarTrade, as recorded in our data. They have also founded this company.

CarTrade is a funded company, having raised a total of $272.44M across 6 funding rounds to date.

The primary company behind CarTrade, Cartrade Tech Limited, reported revenue of ₹870 Cr for FY 2026, up 21% year on year.

CarTrade was founded in 2009 in Mumbai, India, within the automotive sector. Second-hand cars of various models are listed on its mobile platform, where searches can be conducted using filters such as price range, city, brand, and vehicle type. Details on road prices, upcoming models, and EMI calculations are made available. The application operates on iOS and Android devices.

CarTrade's top competitors include Spinny, CarWale and CarDekho.

Yes, CarTrade is publicly traded on NSE under the ticker symbol CARTRADE.

CarTrade has made 4 acquisitions, including Adroit Techincal Services, CarWale, and OLX.

CarTrade has 11 investors. Key investors include IIFL Finance, MassMutual, J P Morgan, Warburg Pincus, and Temasek.

The valuation of CarTrade is $416.94M as of Feb 2017.

CarTrade is associated with 2 legal entities: Cartrade Tech Limited, Cartrade Finance Private Limited.

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