CARTRADE TECH LTD. - IPO - Review

​By a Staff Reporter: CARTRADE TECH LTD. - IPO - Review

Cartrade Tech Ltd’s (CTTL) platforms, CarWale and BikeWale, ranked
number one on relative online search popularity when compared to their
key competitors over the period from April 2020 to March 2021, while
Shriram Automall is one of the leading used vehicle auction platforms based
on number of vehicles listed for auction for the financial year 2020 (Source:
RedSeer Report). Led by Chairman, Managing Director and CEO, Vinay Vinod
Sanghi, who has over 30 years of experience in the automobile industry.
Under his leadership, Company acquired Automotive Exchange Private
Limited (CarWale and BikeWale) in 2015 and 55.43% of the outstanding
equity interest in Shriram Automall India Limited (SAMIL) in 2018 and
successfully integrated these businesses. It is also backed by several
marquee institutional shareholders, such as Highdell Investment Ltd
(affiliate of Warburg Pincus LLC), Temasek, JP Morgan and March Capital
through their affiliates MacRitchie Investments Pte. Ltd., CMDB II and
Springfield Venture International respectively.

Source : Eureka

Open Demat and Trading Account online please visit https://kyc.eurekasecurities.net/home/index/729​
or please call us at 9831200699

Buy Domain,Website Hosting, SSL Certificates @ https://domain.techedge.co.in