Tag «Vinay Sanghi»

CarTrade raises US$55 million to drive growth in online automobile classifieds

Mumbai, February 8th 2017: CarTrade, India’s leading online automobile classifieds platform, has raised USD 55 million led by Temasek, an investment company based in Singapore, alongside a large US family office. This injection of capital will be used to support CarTrade’s growth plans through acquisitions, expansion into new areas such as auto finance and to …

CarTrade and CarWale Combine to Create India’s Largest New and Used Car Online platform

13th November 2015, Mumbai: Marking the biggest consolidation so far in the digital automotive space in the country, India’s leading online auto platforms, CarTrade and CarWale, have entered into a definitive merger agreement in a transaction that will result in the combination of the two businesses.As part of the transaction, Axel Springer, the leading digital …