About CarTrade
CarTrade is a company based in Mumbai (India) founded in 2009 by Vinay Sanghi. 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 operates in a competitive market with competitors including Spinny, CarDekho, CarWale, Droom and CarTrade Tech, among others.
- Headquarter Mumbai, India
- Founders Vinay Sanghi
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$272.44 M (USD)
in 6 rounds
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Latest Funding Round
$25 M (USD), Series H
Apr 12, 2021
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Investors
IIFL Finance
& 10 more
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Employee Count
Employee Count
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Investments & Acquisitions
Adroit Techincal Services
& 3 more
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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.
People of CarTrade
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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 Total Funding
- Total Rounds 6
- Last Round Series H — $25.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series H - CarTrade | Valuation |
investors |
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| Jun, 2020 | Amount | Series H - CarTrade | Valuation | Temasek , Warburg Pincus |
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| Feb, 2017 | Amount | Series G - CarTrade | Valuation | Temasek |
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.
| Investor | Description | 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 | |
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Venture capital firm investing in multiple sectors
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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.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based bidding for used vehicles and equipment is enabled.
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2011 | ||||
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Valuation and appraisal consultancy services are offered offline.
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2005 | ||||
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Second-hand multi-category products are listed on an online platform.
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2005 |
Financial Statements - CarTrade
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.
| 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
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| domain | founded_year | HQ Location |
Retailer of new automobiles, used vehicles, and related automotive news
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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 marketplace for used cars
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| domain | founded_year | HQ Location |
Online P2P marketplace for used cars
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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 current CEO of CarTrade. 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 company's 1st funding round was a Series G of $55M, raised on Dec 01, 2009.
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.
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 ticker symbol of CarTrade is CARTRADE on NSE.
The valuation of CarTrade is $416.94M as of Feb 2017.