About CarTrade
CarTrade is a company based in Mumbai (India) founded in 2009 by Vinay Sanghi.. CarTrade has raised $272.44 million across 5 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 operates in a competitive market with competitors including Spinny, CarDekho, CarWale, Droom and CarTrade Tech, among others.
- Headquarter Mumbai, India
- Founders Vinay Sanghi
- Stage Public
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$272.44 M (USD)
in 5 rounds
-
Latest Funding Round
$25 M (USD), Series H
Apr 12, 2021
-
Investors
IIFL Finance
& 10 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Adroit Techincal Services
& 3 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
Unlock access to complete
Funding Insights of CarTrade
CarTrade has successfully raised a total of $272.44M across 5 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 Total Funding
- Total Rounds 5
- Last Round Series H — $25.0M
-
First Round
First Round
(15 Dec 2010)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series H - CarTrade | Valuation |
investors |
|
| Jun, 2020 | Amount | Series H - CarTrade | Valuation | Temasek , Warburg Pincus |
|
| Feb, 2017 | Amount | Series G - CarTrade | Valuation | Temasek |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
An investment platform is provided for diverse sectors and geographies.
|
Founded Year | Domain | Location | |
|
Multi-stage private equity investments are pursued across diverse sectors.
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
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. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
App-based bidding for used vehicles and equipment is enabled.
|
2011 | ||||
|
Valuation and appraisal consultancy services are offered offline.
|
2005 | ||||
|
Second-hand multi-category products are listed on an online platform.
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - CarTrade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cartrade Comparisons
Competitors of CarTrade
CarTrade 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 Spinny, CarDekho, CarWale, Droom and CarTrade Tech, 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 inspected, certified pre-owned vehicles with service and finance options
|
|
| domain | founded_year | HQ Location |
Retailer of new automobiles, used vehicles, and related automotive news
|
|
| domain | founded_year | HQ Location |
Second-hand cars are listed online to connect buyers and sellers.
|
|
| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
|
|
| domain | founded_year | HQ Location |
Online marketplace for used cars
|
|
| domain | founded_year | HQ Location |
Online P2P marketplace for used cars
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cartrade
Frequently Asked Questions about CarTrade
When was CarTrade founded?
CarTrade was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is CarTrade located?
CarTrade is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of CarTrade?
Vinay Sanghi is the current CEO of CarTrade. They have also founded this company.
Is CarTrade a funded company?
CarTrade is a funded company, having raised a total of $272.44M across 5 funding rounds to date. The company's 1st funding round was a Series G of $55M, raised on Dec 15, 2010.
What does CarTrade do?
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.
Who are the top competitors of CarTrade?
Is CarTrade publicly traded?
Yes, CarTrade is publicly traded on NSE under the ticker symbol CARTRADE.
How many acquisitions has CarTrade made?
CarTrade has made 4 acquisitions, including Adroit Techincal Services, CarWale, and OLX.
Who are CarTrade's investors?
CarTrade has 11 investors. Key investors include IIFL Finance, MassMutual, J P Morgan, Warburg Pincus, and Temasek.
What is CarTrade's ticker symbol?
The ticker symbol of CarTrade is CARTRADE on NSE.
What is CarTrade's valuation?
The valuation of CarTrade is $416.94M as of Feb 2017.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.