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 business-to-business and business-to-consumer 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.

Presence & Distribution

CarTrade.com was established in 2010
by Vinay Sanghi and Rajan Mehra.
Other than the online marketplace, it has physical presence with a network of over 4,000 dealers across 80 cities in India. The website currently lists over 1,65,000 certified used cars.

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.

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.In April last year, GirinarSoft group has owned and operated this CarDekho company by repurchasing Esops of worth 2 million benefiting 71 employees. It has received funding from various investors like Canaan Partners, Epiphany Overseas Ventures, Tiger Global, Temasek, March Capital, Austin Ligon, and Warburg Pincus.

Acquisition

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.