# CarTrade.com

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{{Short description|Indian motorcar-trading platform}}
{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=July 2018}}
{{Infobox company
| name = CarTrade
| logo = CarTrade Logo.jpg
| type = [Public](/source/Public_company)
| traded_as = {{Unbulleted list|{{NSE|CARTRADE}}|{{BSE|543333}}}}
| ISIN = INE290S01011
| foundation = 2009
| founders = Vinay Sanghi<br> Rajan Mehra
| location = [Mumbai](/source/Mumbai), [Maharashtra](/source/Maharashtra), India
| key_people = Vinay Sanghi (Chairman and MD)
| industry = [Automotive](/source/Automotive_industry)
| num_employees = 1,400+
| area_served = India
| services = Online auto classifieds
| revenue = {{nowrap|{{up}} {{INRconvert|555|c}}}} (FY24)<ref name="fy24"/>
| operating_income = {{nowrap|{{up}} {{INRconvert|164|c}}}} (FY24)<ref name="fy24"/>
| net_income = {{nowrap|{{up}} {{INRconvert|82|c}}}} (FY24)<ref name="fy24">{{cite web |title=Investor Presentation - Q4 FY24 Quarter ended |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/624f92a2-9279-4017-a503-aca1a063861b.pdf |website=BSE |publisher=CarTrade Tech Limited |access-date=26 June 2024}}</ref>
| products = {{plainlist|
*CarTrade
*CarWale
*BikeWale
*Shriram Automall
*Adroit Auto
*CarTradeExchange
*OLX India}}
| subsid = 
| homepage = {{url|cartrade.com}}
}}

'''CarTrade.com''' is an Indian online auto [classifieds](/source/classifieds) platform serving as a marketplace for users interested in buying and selling new and used vehicles.<ref name="BS-CT">{{citation |last1=Das |first1=Sohini |title=Used-car market rides the technology wave |date=20 January 2014 |url=http://www.business-standard.com/article/companies/used-car-market-rides-the-technology-wave-114012000038_1.html |website=cartrade.com/ |access-date=28 December 2023}}</ref> Headquartered in [Mumbai](/source/Mumbai), the company also owns other vehicle trading platforms such as CarWale, BikeWale and CarTradeExchange, the omnichannel [vehicle auction](/source/Auto_auction) company Shriram Automall, the [vehicle inspection](/source/vehicle_inspection) company Adroit Auto, and the classifieds portal [OLX India](/source/OLX).

==History==
In August 2009, Vinay Sanghi and Rajan Mehra established a used vehicle platform called MotorExchange.in. The company acquired the used car marketplace CarTradeIndia.com in the same month.<ref>{{cite news |last1=Gooptu |first1=Biswarup |date=22 October 2010 |title=Motor exchange: Trading in used cars |work=The Economic Times |url=https://economictimes.indiatimes.com/india-emerging/motor-exchange-trading-in-used-cars/articleshow/6792805.cms |access-date=28 December 2023}}</ref><ref>{{cite news |last1=Pahwa |first1=Nikhil |date=11 August 2009 |title=B2B Auto Biz MotorExchange Acquires CarTradeIndia |work=MediaNama |url=https://www.medianama.com/2009/08/223-b2b-auto-biz-motorexchange-acquires-cartradeindia/ |access-date=28 December 2023}}</ref> The two platforms were rebranded as CarTradeExchange.com and CarTrade.com respectively in 2014.<ref>{{cite news |last1=SN |first1=Vikas |title=CarTrade raises Rs 185 cr from Warburg Pincus, Tiger Global & Canaan Partners |url=https://www.medianama.com/2014/10/223-cartrade-rs-185-cr-investment/ |access-date=16 March 2023 |work=MediaNama |date=14 October 2014}}</ref>

In November 2015, CarTrade acquired CarWale, an online classifieds portal, and its associated websites in an all-cash deal.<ref>{{Cite news|title = CarTrade acquires rival CarWale |url = http://timesofindia.indiatimes.com/tech/tech-news/CarTrade-acquires-rival-CarWale/articleshow/49776146.cms|website = The Times of India| date=14 November 2015 |access-date = 2015-11-24}}</ref> In May 2017, CarTrade acquired vehicle inspection and valuation venture Adroit Inspection in an all-cash deal.<ref>{{Cite news|url=http://economictimes.indiatimes.com/small-biz/startups/cartrade-acquires-vehicle-inspection-adroit-inspection/articleshow/58508031.cms|title=CarTrade acquires vehicle inspection Adroit Inspection|date=2017-05-04|work=The Economic Times|access-date=2017-08-11}}</ref>

In January 2018, CarTrade acquired a 51% stake in Shriram Automall from [Shriram Group](/source/Shriram_Group). This acquisition made CarTrade India's largest online and physical marketplace for cars.<ref name=":0">{{cite news |last1=Thakkar |first1=Ketan |title=CarTrade acquires 51 per cent in Shriram Automall to create India's largest online vehicle transaction platform |url=https://economictimes.indiatimes.com/cartrade-acquires-51-per-cent-in-shriram-automall-to-create-indias-largest-online-vehicle-transaction-platform/articleshow/62634517.cms |access-date=2 June 2021 |work=The Economic Times |date=25 January 2018}}</ref>

In August 2021, CarTrade Tech Limited launched its [initial public offering](/source/initial_public_offering) (IPO) and got listed on [NSE](/source/National_Stock_Exchange_of_India) and [BSE](/source/Bombay_Stock_Exchange).<ref>{{cite news |date=August 21, 2021 |title=No IPO magic for CarTrade, loses 7.3% on debut day |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/ipos/fpos/no-ipo-magic-for-cartrade-loses-7-3-on-first-day/articleshow/85499153.cms |access-date=28 December 2023}}</ref>

In February 2023, CarTrade set up CarTrade Ventures to acquire and invest in automotive technology companies.<ref>{{cite news |title=CarTrade launches CarTrade Ventures, plans to invest Rs 750 crore in automotive space |url=https://economictimes.indiatimes.com/tech/technology/cartrade-launches-cartrade-ventures-plans-to-invest-rs-750-crore-in-automotive-space/articleshow/98185585.cms |access-date=16 March 2023 |work=The Economic Times |date=23 February 2023}}</ref>

In July 2023, CarTrade acquired [OLX](/source/OLX) India's classifieds and auto sales business for {{INRConvert|537|c}}.<ref>{{cite news |title=CarTrade Tech says it owns classifieds platform OLX's entire India business |url=https://economictimes.indiatimes.com/tech/technology/cartrade-tech-says-it-is-acquiring-entire-india-biz-of-classifieds-platform-olx/articleshow/101706594.cms |access-date=26 June 2024 |work=The Economic Times |date=13 July 2023}}</ref> In October 2023, CarTrade announced the closure of OLX India's auto sales division but continued to operate the OLX classifieds platform.<ref>{{cite news |last1=Bhatnagar |first1=Rishabh |title=CarTrade To Shut OLX's Auto Sales Business On Unit Economics Woes |url=https://www.ndtvprofit.com/business/cartrade-to-shut-olxs-auto-sales-business-on-unit-economics-woes |access-date=26 June 2024 |work=NDTV Profit |date=25 October 2023 |language=en}}</ref>

== Services==
CarTrade operates as a platform for [business-to-business](/source/business-to-business) (B2B) and [business-to-consumer](/source/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 [auction](/source/auction)s and sales.<ref name="BS-CT" /><ref>{{cite web |last=Das |first=Sohini |date=November 3, 2014 |title=Cartrade.com plans to launch multiple products on mobile platform |url=http://www.business-standard.com/article/companies/cartrade-com-plans-to-launch-multiple-products-on-mobile-platform-114110300001_1.html |access-date=3 November 2014}}</ref> 

Other than the online marketplace, it has a physical presence with a network of over 4,000 dealers across 80 cities in India.{{cn|date=May 2024}} The website currently lists over 1,65,000 certified used cars.<ref>{{cite web |title=Cartrade com showcases its wide choice of used cars through its latest |url=http://www.apnnews.com/2015/06/25/cartrade-com-showcases-its-wide-choice-of-used-cars-through-its-latest/ |archive-url=https://web.archive.org/web/20150701183801/http://www.apnnews.com/2015/06/25/cartrade-com-showcases-its-wide-choice-of-used-cars-through-its-latest/ |archive-date=2015-07-01 |access-date=25 June 2015}}</ref><ref>{{citation |url=http://www.livemint.com/Industry/dJOmS1HNhnByaH98qZtEGI/Preowned-luxury-cars-gain-traction-among-buyers.html|last1=Mohile|first1=Shally|date=28 October 2014| website=[Mint](/source/Mint_(newspaper))|access-date=11 May 2016|title=Pre-owned luxury cars gain traction among buyers}}</ref>

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](/source/cars) at different levels, and a detailed condition report is presented as part of the online listing. CarTrade also provides similar services for bikes (new and used) on Bikewale portal.<ref name="CT">{{citation |url=http://www.cartrade.com/company/about-us| website=cartrade.com|access-date=11 May 2016|title=About Us}}</ref>

==Promoters==
CarTrade.com is promoted by its founder and CEO, Vinay Sanghi, who is the former CEO of [Mahindra](/source/Mahindra_Group) First Choice. Rajan Mehra, an Ex-[MD](/source/managing_director) at Nirvana Venture Advisors and former country Head of [eBay India](/source/eBay) is also a founder-director in CarTrade. It has received funding from various investors like [Canaan Partners](/source/Canaan_Partners), Epiphany Overseas Ventures, [Tiger Global](/source/Tiger_Global), [Temasek](/source/Temasek_Holdings), March Capital, [Austin Ligon](/source/Austin_Ligon), and [Warburg Pincus](/source/Warburg_Pincus).<ref>{{cite web |date=2016-04-11 |title=Singapore's Temasek, March Capital lead Rs 950-crore investment in CarTrade |url=http://articles.economictimes.indiatimes.com/2016-01-13/news/69735476_1_cartrade-vinay-sanghi-used-cars |archive-url=https://web.archive.org/web/20160118191925/http://articles.economictimes.indiatimes.com/2016-01-13/news/69735476_1_cartrade-vinay-sanghi-used-cars |archive-date=2016-01-18 |website=[The Economic Times](/source/The_Economic_Times)}}</ref><ref>{{cite web|title=CarTrade.com raises $30M from Warburg Pincus, Canaan & Tiger Global|website=VC Circle|url=http://techcircle.vccircle.com/2014/10/13/auto-classifieds-site-cartrade-com-raises-over-30m-from-warburg-pincus-canaan-partners-tiger-global/|access-date=13 October 2014}}</ref><ref>{{Cite web |title=CarTrade open to more acquisitions in auto, autotech |url=https://www.sgcarmart.com/articles/guide-car-insurance |access-date=2023-12-28 |website=LiveIndia}}</ref><ref>{{cite web|url=http://economictimes.indiatimes.com/small-biz/startups/cartrade-to-venture-into-used-car-financing/articleshow/51183638.cms|website=[The Economic Times](/source/The_Economic_Times)|title=CarTrade to venture into used-car financing|date=2016-04-11}}</ref>

==See also==
* [CARS24](/source/CARS24)
* [Automotive industry in India](/source/Automotive_industry_in_India)

==References==
{{Reflist}}

==External links==
* [http://www.cartrade.com/ Official website]
*{{url|https://www.carwale.com/|Carwale website}}
* [https://www.bikewale.com/ Bikewale website]

Category:Companies based in Mumbai
Category:Indian companies established in 2009
Category:Internet properties established in 2009
Category:Automotive websites
Category:Used car market
Category:Warburg Pincus companies
Category:2010 establishments in Maharashtra
Category:Companies listed on the National Stock Exchange of India
Category:Companies listed on the Bombay Stock Exchange
Category:2021 initial public offerings

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Adapted from the Wikipedia article [CarTrade.com](https://en.wikipedia.org/wiki/CarTrade.com) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/CarTrade.com?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.