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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...- CarTrade Tech Q4 Results: Net profit surges 54% YoY to Rs 65 crore, shares rally 8%CarTrade Tech reported a 54% year-on-year jump in Q4FY26 consolidated net profit to Rs 64.6 crore, while revenue from operations rose nearl...
- CarTrade share price soars 11% after strong Q4 results. What are brokerages saying?The profit after tax for the reported quarter stood at Rs 24.97 crore, resulting in year-on-year (YoY) growth of 43%, while the company had...
- 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 Tech says it owns classifieds platform OLX’s entire India businessThe company had earlier said that it was acquiring 100% of Sobek Auto India Pvt Ltd, the entity that houses OLX India's auto business, but ...
- CarTrade to acquire OLX India’s auto business for Rs 537 croreIn a stock exchange filing on Monday, CarTrade said that it will acquire 100% stake in Sobek Auto India Pvt Ltd, the entity which houses OL...
- Online marketplace OLX Group lays off 800 employees globallyAccording to publication TechCrunch, the move comes as the company begins to phase out activities of its automotive business arm Olx Autos ...
- OLX to slash workforce by 15%, fire at least 1,500 employeesThe company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-ba...
- OLX Autos crosses $1 billion-sales milestone"Introducing home and self car inspections during COVID-19 has helped our customers cope with the lockdown period that hit many of our mark...
- OLX launches franchisee model for used carsCustomers will have access to a larger inventory of cars, avail warranty services, roadside assistance, and insurance on their pre-owned ca...
- OLX Cash My Car appoints Bhaskar Bagchi as GMBhaskar will spearhead the India operations for the venture and will spearhead the strategy and growth of the company.
- India is among top growth markets for OLX: Sushil Kumar, GM, OLX India"People browse the app for market understanding to begin with, and then eventually convert to buyers and sellers on the platform," he said
- Olx India to focus on business expansion for now, monetisation after clocking 10-fold growthAlso, the online classifieds platform aims to double its monthly active users to 10 crore from the current 5 crore.
- OLX elevates Sushil Kumar as General Manager for IndiaHe will be responsible for digital innovation, portfolio expansion, partnerships and most importantly- customer centricity and culture.
- OLX to double sales team, expand presence across 25 citiesOLX, the online classifieds marketplace for auto, real estate and goods and services with 40 million monthly active users will double the h...
- With German company FCG in tow, Olx goes offline for used car tradeThe online-to-offline model for used car transactions will be enabled via Olx India directly, unlike the company’s listings-based model act...
- OLX India appoints Momtaz Moussa as its general managerMomtaz will lead the India business to boost OLX’s dominant position in online classifieds and will especially focus on accelerating growth...
- OLX India announces new senior leadership appointmentsOLX, which is backed by South African media giant Naspers, has appointed Irwin Anand, formerly chief growth officer at its India unit, as i...
- Small towns are the new big market for e-classified portals like Quikr, OLXAccording to Pranay Chulet, founder and CEO of Quikr, smaller town as part of Quikr’s business is growing faster than the big towns.
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