CarTrade Tech Limited

CarTrade Tech Limited is a prominent multi-channel auto platform in India, operating under several brands, including CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto, and OLX India. These platforms enable new and used automobile customers, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell vehicles in a simple and efficient manner. The company has a significant online presence, attracting millions of monthly unique visitors across its platforms.

In February 2023, CarTrade Tech launched CarTrade Ventures, a corporate venture capital arm, with plans to invest up to ₹750 crores in acquiring and investing in companies driving innovation in the global auto ecosystem. This initiative aims to digitalize the buying, selling, and ownership of vehicles, enhancing the overall automotive experience for consumers. The company's investment philosophy emphasizes partnership and support for promising companies in the automotive space.

CarTrade Tech has demonstrated strong financial performance, reporting a 38% growth in quarterly revenue to ₹161 crores and a 43% increase in profit after tax to ₹25 crores in Q4 FY24. The acquisition of OLX India during this period has strengthened its leadership position and paved the way for substantial synergies among its various platforms. With a unique monthly visitor base of 70 million across its platforms, CarTrade Tech continues to innovate and cater to the evolving needs of the automotive market in India.