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Tag: Cartrade.com

CarTrade.com Acquires Adroit Inspection
4May By AnkitaNo Comments
ACQUISITION

CarTrade.com Acquires Adroit Inspection

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 mark...
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CarTrade.com raises Rs950 crore investment
13Jan By AnkitaNo Comments
FUNDING

CarTrade.com raises Rs950 crore investment

Mumbai: Cartrade.com, an online auto classifieds company also known as MXC solutions Pvt. Ltd  has raised Rs.950 crore funding led by Singapore-based investment firm Temasek and March Capital, with participation from existing investor Warburg Pincus. The company had raised $30 million in 2014 from a group of investors that included Tiger Global, Warburg and Canaan Partners. The company  was founded in 2009 by Vinay Sanghi. Earlier it had raised $30 million from Tiger Global, Warburg and Canaan Partners. The funding will use to expand its offerings for users and dealers. The company will be looking at a few more acquisitions to strengthen its position in the market. The company operated only on the space of used cars until in November 2015 it acquired Carwale to enter into the new cars s...
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