# CarTrade Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cartrade-tech

- Industry: Retail
- Headquarters: Navi Mumbai, India
- Website: www.cartrade.com
- Total disclosed funding: $238M
- Latest round: Series H (Jun 3, 2020)
- Investors on record: 6

## About

Based in Mumbai, India, and founded in 2006, CarTrade Tech Ltd operates as a marketplace of new and used cars. Vinay Sanghi is the founder of the company. In April 2021, CarTrade Tech Ltd raised INR 184 crore in funding co-led by IIFL and Malabar India Fund.

The company provides an automotive platform for cars, where users can buy or sell new and old cars. The customers can utilize its tools, such as car reviews, price guides, car specifications, car photos, used car inventory, car loan offers, and trade-in tools, to research car content. Customers can enquire about a new or used car, and the company will connect them with a dealer or manufacturer. The firm also offers a lead management tool that helps users to track inquiries with follow-up dates and reminders on due dates.

The company plans to generate long-term resources for capital expenditure, expansion of the business, and likely foray into financing business.

## Funding rounds

- Series H, Jun 3, 2020, $43M — Warburg Pincus, Temasek Holdings, March Capital
- Series E, Jan 13, 2016, $145M — Warburg Pincus, Temasek Holdings, March Capital
- Series D, Oct 16, 2014, $30M — Warburg Pincus, Canaan Partners, Tiger Global Management
- Series C, Aug 30, 2011, $13M — Canaan Partners, Tiger Global Management
- Series B, Dec 1, 2010, $5M — Canaan Partners, Epiphany Ventures
- Series A, Dec 17, 2009, $2M — Canaan Partners

## Investors

- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A, Series B, Series C, Series D
- Epiphany Ventures (https://capitalatlas.ai/funds/epiphany-ventures) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series D, Series E, Series H
- Temasek Holdings — Series E, Series H
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series E, Series H