CarTrade.com

CarTrade.com is an online auto classifieds platform serving as a marketplace for users interested in buying and selling new and used vehicles.[1]

Car Trade
TypeStartup
IndustryAutomotive Industry
Founded2010
FounderVinay Sanghi
HeadquartersMumbai, India
Area served
India
Key people
Vinay Sanghi
Rajan Mehra
ProductsOnline auto classifieds
Number of employees
1400+
Websitecartrade.com

History

Car Trade operates as a platform for business-to-business (B2B) and business-to-consumer (B2C) operations. The service is divided into two sets - CarTrade.com, the B2C portal where users can buy and sell new and used cars, and CarTradeExchange.com, the B2B dealer portal which allows dealers to manage their online auctions and sales.[2][1]

Presence & Distribution

CarTrade.com was established in 2010 by Vinay Sanghi and Rajan Mehra.[3][1]

Other than the online marketplace, it has physical presence with a network of over 4,000 dealers across 80 cities in India.[4] The website currently lists over 1,65,000 certified used cars.[5][6]

Services

Along with car listings, the portal also offers car price information, certification, insurance, used car finance, comparisons, on-road prices, and reviews. The used car certification program is jointly conducted by CarTrade engineers and sellers who inspect the initial condition of cars at different levels, and a detailed condition report is presented as part of the online listing.[3]

Key People

CarTrade.com is promoted by its founder and CEO, Vinay Sanghi, who is the former CEO of Mahindra First Choice. Rajan Mehra, an Ex-MD at Nirvana Venture Advisors and former country Head of eBay India is also a founder-director in CarTrade. It has received funding from various investors like Canaan Partners, Epiphany Overseas Ventures, Tiger Global, Temasek, March Capital, Austin Ligon, and Warburg Pincus.[7][8][9]

Acquisition

CarTrade.com acquired CarWale, an online classifieds portal, in an all-cash deal in November 2015.[10] CarTrade.com has also acquired vehicle inspection and valuation venture Adroit Inspection in an all-cash deal more than a year after buying rival CarWale.com.[11]

See also

References
  1. Das, Sohini (20 January 2014), "Used-car market rides the technology wave", cartrade.com/, retrieved 11 May 2016
  2. "Cartrade.com plans to launch multiple products on mobile platform". Retrieved 3 November 2014.
  3. "About Us", cartrade.com, retrieved 11 May 2016
  4. "Top 10 E-com Players In India 2015". Retrieved 4 December 2013.
  5. "Cartrade com showcases its wide choice of used cars through its latest". Retrieved 25 June 2015.
  6. Mohile, Shally (28 October 2014), "Pre-owned luxury cars gain traction among buyers", Mint, retrieved 11 May 2016
  7. "CarTrade.com raises $30M from Warburg Pincus, Canaan & Tiger Global". VC Circle. Retrieved 13 October 2014.
  8. "CarTrade to venture into used-car financing". The Economic Times. 11 April 2016.
  9. "Singapore's Temasek, March Capital lead Rs 950-crore investment in CarTrade". The Economic Times. 11 April 2016.
  10. "CarTrade acquires rival CarWale - Times of India". The Times of India. Retrieved 24 November 2015.
  11. "CarTrade acquires vehicle inspection Adroit Inspection". The Economic Times. 4 May 2017. Retrieved 11 August 2017.
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