CarWale

Mumbai, India Founded: 2003 • Age: 23 yrs Listed Acquired By CarTrade
Second-hand cars are listed online to connect buyers and sellers.
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About CarWale

CarWale is a publicly listed company based in Mumbai (India) founded in 2003 by Banwari Lal Sharma and Tufail Khan, and was acquired by CarTrade in November 2015. Second-hand cars are listed online to connect buyers and sellers. CarWale has raised $5.89 million across 4 funding rounds from investors including CarTrade, SVB and Axel Springer. The company has 451 employees. CarWale was last valued at $19.77 million in January 2014. Its chief executive, as recorded, is Banwari Lal Sharma. Its website carwale.com draws about 58.3 million monthly visits. Its Indian entity Cartrade Tech Limited reported revenue of ₹870 Cr. CarWale offers products and services including Car Listing Platform and Car Reviews. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its competitors include Spinny, CarDekho and Droom; 3 of its 3 listed competitors have raised funding.

Company details

CarWale was founded in 2003 in Mumbai, India, within the automotive sector. An online platform is maintained where consumers research car brands, pricing, and insurance options. Listings are provided to link buyers with sellers of second-hand vehicles. Operations focus on facilitating transactions through a digital marketplace. The associated app is offered for iOS and Android devices.

Operational Areas
Transportation, Automotive & Logistics → Automotive Retail & Aftersales
Transportation, Automotive & Logistics → Automotive Retail & Aftersales
Key Metrics
  • Market Cap
    ₹11,981 Cr

    CARTRADE · NSE

  • Share Price
    ₹2,325.00

    -5.66% 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
    $5.89M (USD)

    in 4 rounds

  • Latest Funding Round
    $1.75M (USD), Series A

    Jan 2014

  • Investors
    CarTrade

    & 10 more

  • Employee Count
    451
  • Acquired by
    CarTrade

    & 1 more

    (Nov 2015)

Products & Services of CarWale

CarWale offers a comprehensive portfolio of products and services, including Car Listing Platform and Car Reviews.

Car Listing Platform
Ecommerce

Service for buying and selling new and used cars online

Car Reviews
Information Service

Provides expert reviews and news on vehicles

Apps and channels of CarWale

CarWale publishes 2 mobile apps with over 20M+ downloads; its YouTube channel CarWale has 275K subscribers and 30 videos.

CarWale: Buy-Sell New/Used Car
Google Play Auto & Vehicles Everyone Free
Developer: CARTRADE TECH LTD
View on Google Play
CarWale: Buy-Sell New/Used Car
Google Play Auto & Vehicles Everyone Free
Developer: CARTRADE TECH LTD
View on Google Play
CarWale
YouTube 275K subscribers 30 videos Autos & Vehicles
Open channel

Videos from CarWale

The most watched videos on CarWale's YouTube channel, CarWale (275K subscribers). Click a video to play it here.

Rs. 14.57 Lakh Maruti Victoris ZXi CNG Walkaround | Interior, Features, and Boot Space Detailed
165.9K views
Skoda Kylaq Classic Base Variant Walkaround | Priced at ₹8.25 Lakh
98.1K views
Toyota Hyryder E Base Variant | Most Affordable Toyota SUV at Rs. 11.34 Lakh | CarWale
73.7K views
Mahindra XUV 3XO New Variants Walkaround | REVX M, M(O), REVX A Explained
71.7K views

More on CarWale.

Funding Insights of CarWale

CarWale has successfully raised a total of $5.89M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.75 million completed in January 2014. 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 $5.89M
  • Total Rounds 4
  • Last Round Series A — $1.75M
  • First Round $772,312

    (Aug 2006)

  • Investors Count 9

All 4 funding rounds of CarWale with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jan 2014$1.75MSeries A$19.77MAxel Springer
–
Nov 2010$112,830Series A$16.44MSVB
–
Oct 2008$3.26MSeries A–Sierra Ventures
–
Aug 2006$772,312Seed$•••••–
Seedfund, Vikram Chachra
Valuation history
DateValuationStage
Jan 2014$19.77M••••••••
Nov 2010$16.44M••••••••
Aug 2006$•••••••••••••
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Full valuation and stage history of CarWale

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

  • All valuation points
  • Stage changes
  • Dates
  • Exports

Verified entity values are shown only after access is granted.

Last known valuation $19.77M (Jan 2014). 11 investors in total: 6 institutional and 5 angel.

Investors in CarWale

CarWale has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include CarTrade, SVB and Axel Springer.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Sierra Ventures
Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
sierraventures.com
Seedfund
Early-stage venture capital funding and support for Indian startups.
2006seedfund.inMumbai, India
Axel Springer
Provider of news media, digital content, and technology-based journalism
1946axelspringer.comBerlin, Germany
SVB
Banking services are provided to innovative companies, investors, and individuals.
1983svb.comSanta Clara, United States

Vikram Chachra

Founding Partner at 8i Ventures, active angel investor in Indian startups
unknown_ef653ee4d78346ddb

Vasudev Bhandarkar

unknown_98cd234bc8ae4cbbb

Puneet Kumar

unknown_29e7b161bed64cf88

Ravi Kumar

Angel investor and tech entrepreneur, focusing on Indian startups
unknown_05be4d324f054aee8

K Radhakrishnan

unknown_b6d69d610087424b9
India Today Group (Living Media)
News and entertainment content is provided across multiple platforms.
1975indiatodaygroup.comDelhi, India
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Investor details for CarWale

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

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Cartrade Tech Limited (CarWale)

Cartrade Tech Limited is the primary company behind CarWale. The boards of the 2 registered companies of CarWale currently have 10 directors; the longest-serving is Victor Anthony Perry Iii, appointed in 2014. 37 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Victor Anthony Perry Iii
DIN 06992828
Director22 Oct 201412 yrsCartrade Tech Limited
Vinay Vinod Sanghi
DIN 00309085
Director15 Jan 201610 yrs 9 moAutomotive Exchange Private Limited, Cartrade Tech Limited
Rajeev Kumar
DIN 07974723
Director05 Oct 20179 yrsAutomotive Exchange Private Limited
Siddharth Narayan
DIN 08015923
Director21 Dec 20178 yrs 10 moAutomotive Exchange Private Limited
Banwari Lal Sharma
DIN 02772944
CEO01 Apr 20188 yrs 6 moAutomotive Exchange Private Limited
Aneesha Menon
DIN 07779195
CFO01 Apr 20188 yrs 6 moAutomotive Exchange Private Limited, Cartrade Tech 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
Steven Douglas Greenfield
DIN 10916964
Director01 Apr 20251 yr 6 moCartrade Tech Limited

People of CarWale

3 people are tracked at CarWale (3 in leadership); the tracked headcount is 451.

NameRoleGroup
Banwari Lal Sharma
Co-Founder & CEOLeadership
Tufail Khan
Co-FounderLeadership
Rajeev Kumar
Chief Technology OfficerLeadership
Premium access

Complete people profiles for CarWale

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

Verified entity values are shown only after access is granted.

IPO & Listings of CarWale

CarWale is a publicly listed company on the NSE with ticker symbol CARTRADE in India, operating in the Retail 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.

  • Listed onNSE: CARTRADE
  • Listed entityCartrade Tech Limited
  • Exchange sectorRetail

Financials of CarWale

Exchange-reported figures of Cartrade Tech Limited, the listed company behind CarWale (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)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue213201203210193173170176
Revenue growth (YoY)+10.2%+16.3%+19.8%+19.0%+25.4%+22.3%--
Other income23.1328.5817.6118.7028.7325.4619.9516.73
EBITDA76.0059.9071.6571.7463.5943.5146.1650.08
EBITDA margin+35.7%+29.8%+35.3%+34.2%+32.9%+25.1%+27.2%+28.4%
Depreciation10.6510.7710.929.389.379.039.6410.51
Interest3.043.193.343.083.033.023.142.91
Profit before tax85.4474.5275.0077.9879.9256.9253.3353.39
Tax19.5017.774.1516.4715.849.857.237.86
Net profit65.9456.7570.8561.5164.0847.0746.1045.53
EPS (₹)11.8810.2612.8711.1411.998.388.188.29
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)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue79.4978.1179.3986.3176.2566.3863.6467.99
Revenue growth (YoY)+4.3%+17.7%+24.8%+27.0%+37.1%+31.6%--
Other income10.9513.359.029.449.1712.5111.839.44
Total expenses47.2155.3348.2056.1245.5746.9545.5044.28
EBITDA32.2822.7831.1930.1930.6819.4318.1423.71
EBITDA margin+40.6%+29.2%+39.3%+35.0%+40.2%+29.3%+28.5%+34.9%
Depreciation2.612.793.742.322.472.332.272.32
Interest0.260.280.340.150.180.190.180.19
Profit before tax40.3633.0636.1337.1637.2029.4227.5230.64
Tax8.047.330.958.568.506.426.076.25

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue213201203210193173170176
Revenue growth (YoY)+10.2%+16.3%+19.8%+19.0%+25.4%+22.3%--
Other income23.1328.5817.6118.7028.7325.4619.9516.73
EBITDA76.0059.9071.6571.7463.5943.5146.1650.08
EBITDA margin+35.7%+29.8%+35.3%+34.2%+32.9%+25.1%+27.2%+28.4%
Depreciation10.6510.7710.929.389.379.039.6410.51
Interest3.043.193.343.083.033.023.142.91
Profit before tax85.4474.5275.0077.9879.9256.9253.3353.39
Tax19.5017.774.1516.4715.849.857.237.86
Net profit65.9456.7570.8561.5164.0847.0746.1045.53
EPS (₹)11.8810.2612.8711.1411.998.388.188.29
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
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue79.4978.1179.3986.3176.2566.3863.6467.99
Revenue growth (YoY)+4.3%+17.7%+24.8%+27.0%+37.1%+31.6%--
Other income10.9513.359.029.449.1712.5111.839.44
Total expenses47.2155.3348.2056.1245.5746.9545.5044.28
EBITDA32.2822.7831.1930.1930.6819.4318.1423.71
EBITDA margin+40.6%+29.2%+39.3%+35.0%+40.2%+29.3%+28.5%+34.9%
Depreciation2.612.793.742.322.472.332.272.32
Interest0.260.280.340.150.180.190.180.19
Profit before tax40.3633.0636.1337.1637.2029.4227.5230.64
Tax8.047.330.958.568.506.426.076.25
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+5.9%+3.9%+1.7%+2.2%0.0%+1.2%+0.7%
Return on net worth+4.9%+3.2%+1.4%+1.5%0.0%+4.8%+0.7%
Debt / equity0.010.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.871.467.24-6.73-0.37281.82-8.65
Efficiency & per share
Fixed asset turnover0.350.280.220.190.150.110.15
Inventory turnover0.000.000.00256.8589.18115.99250.92
Debtors turnover4.424.184.355.484.822.994.14
EPS (₹)24.1215.709.006.96(31.33)221.5429.54
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)481.65453.36438.97426.61415.114,495.563,504.92

Timeline of CarWale

6 dated milestones of CarWale across 12 years, from founding to its latest funding, stage changes and deals.

  1. Founded CarWale is founded.
  2. Funding First funding round of $772K.
  3. Milestone Reaches Minicorn status.
  4. Exit Acquired by Axel Springer.
  5. Funding Latest funding round, Series A, of $1.7M.
  6. Exit Acquired by CarTrade.

Competitors of CarWale

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

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
Droom
droom.in2014Gurugram, India$344.27M156
Used vehicles are bought and sold through an AI platform.
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Detailed competitors of CarWale

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Web traffic of CarWale

The website of CarWale (carwale.com) receives about 58.3M visits a month and ranks #687 among all websites worldwide, #4 in Vehicles.

  • Monthly visits
    58.3M

    ▲ 4.6% vs previous month

  • Unique visitors
    22.1M

    per month

  • Global rank
    #687

    among all websites

  • Category rank
    #4

    Vehicles · Vehicles

Similar websites

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

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
CarDekho
cardekho.com
100%
39.3M#1,206View details
Autocar India
autocarindia.com
84%
15.3M#4,330View details
Team-BHP
team-bhp.com
84%
14M#4,090View details
Spinny
spinny.com
67%
7.3M#7,428View details
CarTrade
cartrade.com
65%
1.9M#30,687View 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 CarWale (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 Carwale

CarTrade: Nomura on CarTrade maintains Buy, Target Price Rs 3377; Q2FY27 EBITDA missed estimates due to slower Consumer business revenue growth of 4% YoY versus Nomura's 17% estimate, while OLX and Remarketing grew 26% and 12%, respectively. Margins remained on track across businesses, with monthly unique visitors at 76mn versus 80mn in Q1 and organic traffic share at 96%. OLX initiatives are expected to drive growth recovery.
Exchange Update • today
CARTRADE: Q2 CONS NET PROFIT 595M RUPEES VS 597M (YOY)
Exchange Update • 1 day ago
CARTRADE: Q2 EBITDA 760M RUPEES VS 636M (YOY); Q2 EBITDA MARGIN 35.67% VS 32.88% (YOY)
Exchange Update • 1 day ago
CARTRADE: Q2 REVENUE 2.13B RUPEES VS 1.93B (YOY)
Exchange Update • 1 day ago
CarTrade Tech: Expects Q3 FY27 To Be Record Quarter For New Auto Sales With High Revenue.
Exchange Update • 1 day ago
Cartrade Tech: OLX's Growth Projected to Reach 30-35%+, Q3 FY27 Anticipated to Be Record-Breaking
Exchange Update • 1 day ago
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 • 17 days 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: 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
Business Standard • 1 month ago
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Frequently Asked Questions about CarWale

CarWale was founded in 2003 and raised its 1st funding round 3 years after it was founded.

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

Banwari Lal Sharma is the CEO of CarWale, as recorded in our data. They have also founded this company.

CarWale is a funded company, having raised a total of $5.89M across 4 funding rounds to date. The company's 1st funding round was a Seed of $772.31K, raised on Aug 2006.

CarWale has 451 employees.

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

CarWale was founded in 2003 in Mumbai, India, within the automotive sector. An online platform is maintained where consumers research car brands, pricing, and insurance options. Listings are provided to link buyers with sellers of second-hand vehicles. Operations focus on facilitating transactions through a digital marketplace. The associated app is offered for iOS and Android devices.

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

CarWale offers Car Listing Platform and Car Reviews.

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

CarWale has 11 investors. Key investors include CarTrade, SVB, Axel Springer, India Today Group (Living Media), and Seedfund.

The valuation of CarWale is $19.77M as of Jan 2014.

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