CarTrade is an online auto classifieds platform serving as a marketplace for users interested in buying and selling new and used vehicles.
CarTrade 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.
CarTrade.com was established in 2010 by Vinay Sanghi and Rajan Mehra. The company is Headquartered in Mumbai, India.
CarTrade's car auctions take place across more than 80 cities with over 1200 dealers participating in these auctions. This enables them to empower the buyers and the seller to choose the most suitable vehicles at the most affordable prices.
CarTrade is backed by Temasek, Warburg Pincus, March Capital Partners, March Capital, Highdell and others. The company raised $42.5M in Series H on June 03, 2020. This brings CarTrade's total funding to $282.7M to date. The round gives CarTrade a $525M valuation.
CarTrade.com acquired CarWale, an online classifieds portal in an all-cash deal in November 2015. 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.