Online auto classifieds platform CarTrade has acquired vehicle inspection and valuation company Adroit Inspection for an undisclosed amount.
Adroit Inspection has tie-ups with banks and insurance companies and has team of over 300 field inspectors spread across the country.
The acquisition of the inspection and valuation company will further strengthen its services in the new and used car segment, the company said in a statement today.
CarTrade, post its merger with Carwale in 2015, claims to be the leading automobile marketplace that helps consumers to buy and sell new and used cars.
CarTrade Founder and CEO Vinay Sanghi said: “There are immense opportunities waiting to be tapped in the vehicle inspection and valuation space. The Adroit team undoubtedly is the best in the market”.
The company has Warburg Pincus, Temasek and JP Morgan as its key investors.