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CARTRADE PLANS
Young, loss-making startups keep OFS portion lean as investor scrutiny growsNew-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. I...
CarTrade Tech shares surge 12% in two days after launching new used-car platformCarTrade Tech shares rallied after the company launched CarTrade Used Auto, a new platform targeting India’s fragmented used-car market. In...
Bay Capital launches digital fund, appoints Sandeep Barasia, Tej Kapoor as partnersBay Capital is launching a Digital Opportunities Fund to invest in public and private digital businesses in India. Sandeep Barasia and Tej ...
CarTrade Technologies open to further acquisitions to fast-track expansion plansThe integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per m...
CarTrade's Sobek shuts customer-to-business operations, shifts focus to classifieds businessSobek Auto’s C2B transaction business struggled with its unit economics. The company aims to reduce both human resource and other administr...
CarTrade launches CarTrade Ventures, plans to invest Rs 750 crore in automotive spaceThe company, in a statement, said it will look to acquire and invest in companies offering differentiated services and technology in the au...
CarTrade Tech tanks 10% after company reports loss in Q4Following the development, shares of CarTrade Technologies tumbled about 10 per cent to Rs 573.50, before trading at Rs 589.55 at 9.50 am. ...
Add CarTrade Tech, target price Rs 675: Kotak Institutional EquitiesThe brokerage said it notes that the company has Rs 10 billion of cash on books as of March 2022 which it plans to utilize for inorganic gr...
CarTrade to deploy $100 mn for acquisitionsCarTrade wants to pick up a stake in companies that are driving innovation in all aspects of the automobile ecosystem, including auto finan...
CarTrade Tech to invest $100 million, eyes new acquisitions to accelerate growthIn a bid to further strengthen its position as a leading automotive platform in India the group wants to strengthen itself by acquiring and...
CarTrade Tech IPO allotment status: Here's how to check itThe issue, which was sold in Rs 1,585-1,618 price band, was subscribed 20.29 times on the closing day of the subscription on Wednesday.
Rs 2,999 crore CarTrade IPO kicks off: Should you subscribe?The issue is an offer for sale (OFS) of up to 1,85,32,216 shares by existing shareholders, being sold in the Rs 1,585-1,618 price band. At ...
‘Exorbitantly’ priced CarTrade IPO still has a dozen ‘subscribe’ callsThe owner of platforms such as CarWale, CarTrade, BikeWale and AutoBiz has a dozen brokerages recommending ‘subscribe’ ratings to the ‘exor...
CarTrade files IPO papers with SebiThe IPO seeks to raise around Rs 2,000 crore
CarTrade set to file for IPO to raise up to Rs 2,000 croreCarTrade, an online auto classifieds platform, is looking at a valuation of $1.5 billion in the IPO and will look at listing later in the y...
CarTrade plans NBFC foray, may buy small cos to beef up opsOnline car buying portal CarTrade will apply for a non-banking finance company (NBFC) licence, a top company executive said, in a bid to mu...
Struggling online auto classifieds bet on used car business to increase revenuesThe losses of the online auto portals are increasing on the back of high marketing and advertising expenses. However, this has not stopped ...
CarTrade to venture into used-car financingCarTrade recently raised Rs 950 crore from Singapore-based investment firm Temasek and global venture capital firm March Capital.
We'll Now Lead in Both New & Used Cars: CarTrade CEOOnline automobile classifieds firm CarTrade intends to build the country's largest auto platform with its acquisition of rival CarWale.
CarTrade raises Rs 185 crore from Warburg Pincus, existing investorsWarburg Pincus is focused on growth investing and has over $ 39 billion in assets under management spanning over 125 companies.