Startup Profile

CarTrade

Legal entity: CarTrade Tech Limited

India's leading online auto marketplace connecting buyers, sellers, and dealers.

E-commerceListedMarketplace· Mumbai, Maharashtra· Est. 2009Website ↗
CarTrade is an online automobile marketplace founded in 2009 by Vinay Sanghi and Rajan Mehra. The platform operates through multiple brands including CarTrade, CarWale, BikeWale, and Shriram Automall, listing over 165,000 certified used cars across 4,000+ dealers in 80 Indian cities. CarTrade went public on NSE and BSE in August 2021.
Funding raised
₹4554.00 Cr
Total disclosed
Latest valuation
₹7926.50 Cr
Most recent round
Latest revenue
₹12.00 Cr
FY FY26
Employees
—
FY FY26

Founders

  • Vinay Sanghi

    Former CEO of Mahindra First Choice Wheels; co-founder of CarTrade. Started MotorExchange in 2009.

  • Rajan Mehra

    Former Managing Director at Nirvana Venture Advisors and country head of eBay India; co-founder of CarTrade.

Funding rounds

  1. IPO2021-08-20₹2997.51 CrLed by Public Markets
  2. Series H2020-06-03₹353.69 CrLed by MacRitchie Investments
  3. Series F2017-02-07₹456.50 CrLed by Temasek
  4. Series E2014-10-13₹185.00 CrLed by Warburg Pincus
  5. Series C2011-08-30₹107.90 CrLed by Tiger Global
  6. Series A2009-12-15₹8.30 CrLed by Canaan Partners

Financials

MCA / self-reported
Fiscal yearRevenueProfit / (Loss)Employees
FY26₹12.00 Cr——
FY25₹12.00 Cr——
FY24₹10.00 Cr——
FY23₹9.00 Cr——
FY22₹7.00 Cr——
FY21₹5.00 Cr——
FY20₹4.00 Cr——
FY19₹3.00 Cr——
FY17₹0——
FY16₹0——

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

  1. 2023-07OLX Auto Acquisition — Acquired OLX India's auto sales and classifieds business for 537 crore, consolidating market leadership.
  2. 2021-08-20IPO Launch — CarTrade went public on NSE and BSE, raising 2,998 crore in an entirely offer-for-sale round.
  3. 2018Shriram Automall Stake — Acquired 51% stake in Shriram Automall, positioning as India's largest online and physical car marketplace.
  4. 2015-11CarWale Acquisition — Acquired online classifieds portal CarWale for $90 million, expanding reach and inventory.
  5. 2009-08Founded — Vinay Sanghi and Rajan Mehra launch MotorExchange.in and acquire CarTradeIndia.com, combining B2B and B2C models.

Data sources

  • seed-list + Wikidata↗ · last fetched 2026-05-28
  • Wikidata↗ · last fetched 2026-05-28
  • NSE filings↗ · last fetched 2026-05-28
  • Screener.in↗ · last fetched 2026-05-28
  • favicon↗ · last fetched 2026-05-31
  • Wikipedia↗ · last fetched 2026-06-01
  • Inc42↗ · last fetched 2026-06-01
  • TechCrunch↗ · last fetched 2026-06-01
  • YourStory↗ · last fetched 2026-06-01
  • Business Standard↗ · last fetched 2026-06-01
  • IndianCEO↗ · last fetched 2026-06-01
  • Inc42↗ · last fetched 2026-06-01
  • AVCJ↗ · last fetched 2026-06-01
Updated 2026-06-01