CarTrade Tech Ltd. operates India's largest digital marketplace ecosystem for buying, selling, marketing, and financing new and pre-owned vehicles. The company's platforms, including CarWale, BikeWale, CarTrade, OLX India, and Shriram Automall, empower consumers, dealers, OEMs, and enterprises to transact vehicles and other goods. It offers services like new and used car solutions, two-wheeler solutions, and technology solutions for OEMs and dealers. Headquartered in Navi Mumbai, India, the company was founded in 2000.
CarTrade is looking to raise Rs28 billion ($375 million) through an IPO in India. Overall, we think that CarTrade is an attractive play on Indiaās...