What is CarTrade?
Founded in 2006 and headquartered in Mumbai, India, CarTrade.com operates as a comprehensive online platform designed to bring clarity to India's car and bike market for both buyers and sellers. The company facilitates the sale and purchase of new and used cars and bikes, while also offering integrated finance and insurance services. CarTrade's mission is to streamline the automotive transaction process through its robust digital infrastructure, serving a critical role in the digital transformation of the Indian automotive industry.
How much funding has CarTrade raised?
CarTrade has raised a total of $285.3M across 5 funding rounds:
Series C
$13M
Series D
$30.2M
Private Equity
$145M
Series F
$55M
Series H
$42.2M
Series C (2011): $13M with participation from Canaan Partners and TriplePoint Venture Growth BDC
Series D (2014): $30.2M led by Canaan Partners and Warburg Pincus
Private Equity (2016): $145M supported by Warburg Pincus, March Capital Partners, and Temasek
Series F (2017): $55M featuring March Capital, Temasek, Warburg Pincus, and JPMorgan Chase
Series H (2020): $42.2M, investors not publicly disclosed
Key Investors in CarTrade
March Capital
March Capital is a growth-stage venture firm that specializes in investing in enterprise technology companies with established product-market fit, aiming to scale them into mission-critical global platforms.
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. We are a generational investor, seeking to make a difference always with tomorrow in mind.
Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm renowned for its expertise in growth investing. Operating as a private partnership, the firm leverages decades of experience to support investors and management teams in building long-term, sustainable success across diverse market cycles.
What's next for CarTrade?
With a substantial enterprise-level funding history and a recent strategic investment, CarTrade is well-positioned for its next phase of growth. The company's focus will likely remain on enhancing its platform capabilities, expanding its service offerings in finance and insurance, and potentially exploring new market segments or technological advancements. This strategic backing suggests a trajectory towards solidifying its leadership in the online automotive marketplace and potentially preparing for future liquidity events.
See full CarTrade company page
