iWorld

CarTrade.com raises Rs 185 crore

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/internet-images/2014/10/13/car%20trade.jpg?itok=2sJbgln2

MUMBAI: Online auto classifieds platform CarTrade.com has raised Rs 185 crore to diversify and strengthen the portal’s offerings for consumers and dealers.

The infusion of capital was led by an affiliate of Warburg Pincus along with participation from existing investors Canaan Partners and Tiger Global.

Speaking about the fund raising, CarTrade.com founder and CEO Vinay Sanghi said, “We are extremely happy to have Warburg Pincus on board as a partner. The funds raised shall be employed to further expand our services to help us offer our consumers and dealers a seamless online experience.

“We also plan to focus significantly on the mobile space and provide products and services, which will be best in class and in many cases the first of its kind,” he added.

CarTrade offers a selection of over 100,000 listings, price information and certification for used cars. For new buyers, it offers reviews, on-road prices, car comparisons and latest auto news.

Warburg Pincus is focused on growth investing and has over $ 39 billion in assets under management spanning over 125 companies.

“We see tremendous potential in the Indian automobile market. CarTrade is one of the most innovative platforms in the online auto sector, and has shown strong growth momentum in the last couple of years. Warburg Pincus is excited about the opportunity to partner with a very talented team to further build on its position and to accelerate its growth plans,” commented Warburg Pincus India managing director Nitin Nayar.

CarTrade is promoted by former head of Mahindra First Choice Sanghi and Nirvana Venture Advisors ex-managing director and eBay India former country head Rajan Mehra.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/18/Umesh_Bopche.jpg?itok=JMqASvk9
7 Top Video Trends to Watch Out for in 2020

In a world where capturing consumers’ attention is getting harder, and customer acquisition is getting more expensive, video is one of the best ways for brands to communicate with their target audience. With the new year rolling in, now is a great time for brands to rethink their video strategy and...

iWorld Social Media
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/18/Mukesh_Ambani_800.jpg?itok=C1kRF8IV
Jio juggernaut marches on with 62 percent bottomline growth in Q3 2020

BENGALURU: Mukesh Dhirbhai Ambani’s largest start up in the world, Reliance Jio Infocomm Limited (Jio) reported 62.5 percent growth in standalone profit after tax (PAT) for the period ended 31 December 2019 (Q3 2020, period or quarter under review) as compared to the corresponding year ago quarter...

iWorld Broadband
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/17/gb.jpg?itok=NGmjYBd-
ALTBalaji’s 'Gandii Baat' enjoys popularity across demographics

ALT Balaji's  highly viewed show Gandii Baat enjoys a tremendous fan base for its projection of stories revolving around the harsh realities of the society, mental taboos in regards to sexual orientations and many more relevant issues.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/17/cc.jpg?itok=0GF9W_eY
Data has made us richer in thinking and approach: ZEE5’s Aparna Acharekar

Data, touted as the new oil, has empowered creativity, especially in the segment of over-the-top (OTT) platforms. As audiences across the country are spoilt with options, streaming engines are integrating data massively in content strategy.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/17/Jeff-Bezos.jpg?itok=INaoKNjD
Amazon's Jeff Bezos tells Bollywood content is Prime motive

Jeff Bezos is used to thinking big. He is also used to controversies. So even as his plan to invest a billion dollars in Amazon’s India operation got a lot of press and protests and a snub from commerce minister Piyush Goyal (at a time when the competition commission is investigating "predatory...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/16/gandi.jpg?itok=Ym7sG5Tx
Were you writing off ALTBalaji’s Gandii Baat? Here’s why you should not!

MUMBAI: ALTBalaji, India’s leading homegrown OTT platform, once again proves that no one knows Indian audiences better. On the back of some highly engaging mass content, the OTT platform is once again making headlines for one of its most spoken about originals, Gandii Baat. The highly-watched web-...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/15/Damaged.jpg?itok=ObeCcR37
Hungama Play launches Season 2 of 'Damaged'

MUMBAI: Hungama Play, a leading video on demand platform owned by Hungama Digital Media, has launched the second season of its blockbuster Hungama Original, ‘Damaged’. Like the first season, Damaged 2 is a psychological crime drama with a strong female character at the helm of the story. This...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/15/Akash_Banerji.jpg?itok=FiMcBgPO
OTT platforms should focus more on retention: VOOT's Akash Banerji

As more and more users are flocking to over-the-top (OTT) platforms, the contenders in the race are getting aggressive about acquiring new users. Viacom18’s digital arm VOOT has garnered 100 million monthly active users amid this fierce competition. The three-year-old streaming platform is, however...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/14/metro.jpg?itok=Gt9bhBXA
Eros Now brings season 2 of ‘Metro Park’

MUMBAI: Eros Now’s legacy of entertaining the masses is a well-trod territory and over time the premium OTT platform has developed deeper relations with the audience through captivating content. Continuing with what Eros Now knows best, which is entertaining the audiences, it comes as terrific news...

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories