CarTrade.com
|
Happy Choosing™ | |
| 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.
History
Car Trade operates as a platform for both business-to-business (B2B) and business-to-customer (B2C) operations. The business model can be divided into two sets - CarTrade.com, a B2C portal where visitors can buy and sell new and used cars, and CarTrade Exchange a B2B dealer portal which allows dealers to manage their online auctions and sales.[1]
Presence & Distribution
CarTrade.com was established in 2010 by Vinay Sanghi and Rajan Mehra. The company has a network of over 4,000 dealers across 80 Indian cities with [2] 20 franchise stores across India. Their website currently has over 1,65,000 used car listings including certified used cars.[3][4][5]
Services
In addition to car listings, the portal also offers car price information, certification, comparisons, on-road prices and reviews. The used car certification program is jointly conducted by CarTrade engineers and selling dealers who inspect the present condition of these cars at different leves and a detailed condition report is presented as a part of the online listing.[6]
Key people
CarTrade.com is promoted by Founder and CEO, Vinay Sanghi, a former CEO of Mahindra First Choice. Rajan Mehra, ex-MD at Nirvana Venture Advisors and former country head of eBay, India is also a founder-director in CarTrade. Canaan Partners, Epiphany Overseas Ventures, Tiger Global, Temasek, March Capital and Warburg Pincus have also invested in the company.[7][8][9]
Acquisition
CarTrade.com acquired CarWale, an online classifieds portal in an all-cash deal in November 2015.[10]
See also
References
- ↑ "Cartrade.com plans to launch multiple products on mobile platform". Retrieved 3 November 2014.
- ↑ "Top 10 E-com Players In India 2015". Retrieved 4 December 2013.
- ↑ "Cartrade com showcases its wide choice of used cars through its latest". Retrieved 25 June 2015.
- ↑ "Cartrade.com showcases its wide choice of used cars through its latest TVC". Retrieved 25 June 2015.
- ↑ "Cartrade.com showcases its wide choice of used cars through its latest TVC". Retrieved 25 June 2015.
- ↑ "Vehicles Online, Buy / Sell Vehicle Online | CarTrade.com". Retrieved 13 October 2014.
- ↑ "CarTrade.com raises $30M from Warburg Pincus, Canaan & Tiger Global". Retrieved 13 October 2014.
- ↑ "CarTrade to venture into used-car financing". 2016-04-11.
- ↑ "Singapore's Temasek, March Capital lead Rs 950-crore investment in CarTrade". 2016-04-11.
- ↑ "CarTrade acquires rival CarWale - Times of India". The Times of India. Retrieved 2015-11-24.