CarTrade.com

Car Trade
Private company
Industry Automotive Industry
Founded 2010
Founder Vinay Sanghi
Headquarters Mumbai, India
Area served
 India
Key people
 Vinay Sanghi, Rajan Mehra
Products www.cartradeexchange.com, www.cartrade.com
Number of employees
 1400+
Website www.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]

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. 1 2 3 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. 1 2 "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. 2016-04-11.
  9. ↑ "Singapore's Temasek, March Capital lead Rs 950-crore investment in CarTrade". The Economic Times. 2016-04-11.
  10. ↑ "CarTrade acquires rival CarWale - Times of India". The Times of India. Retrieved 2015-11-24.
  11. ↑ "CarTrade acquires vehicle inspection Adroit Inspection". The Economic Times. 2017-05-04. Retrieved 2017-08-11.
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