CarTrade Tech is India’s largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. These platforms empower millions of users including consumers, dealers, OEMs, and enterprises to buy and sell vehicles, real estate, electronics, mobile phones, furniture, and more with ease and efficiency. Following are various Businesses & Brands of the company-
- CarWale and CarTrade: They provide research services to customers looking for new and used cars and connect them with dealers, OEMs and other partners to sell and buy cars.
- OLX India: It is the country’s largest online classifieds platform which facilitates the buying and selling of used products across many categories, including Auto, Real Estate, Mobiles Electronics, and Furniture, among others.
- Shriram Automall: It offers a fast and transparent platform for sellers to auction vehicles at scale, both online and offline at several locations.
- Adroit Auto: It provides on-site inspection, valuation and certification services to a wide range of companies within the insurance and banking sectors.
- BikeWale: It offers research services to customers seeking new and used two-wheelers, connecting them with dealers, OEMs, and other partners for buying and selling two-wheelers.
- DriveASmile: It is a CSR (Corporate Social Responsibility) initiative powered by CarTrade Foundation.
- CarTrade Infotech: It is the driving force behind technological transformation in the automotive industry.
- CarTrade Ventures: At CarTrade Ventures, the company will acquire and invest in companies offering differentiated services and technology in the automotive space.
- Mobility Outlook: Mobility Outlook is a mobility-focussed industry intelligence, providing comprehensive insights on the entire mobility ecosystem in one place.
- CarWale abSure: It tackles the challenges buyers face in the used car market by offering high-quality cars with exceptional service standards.
Business area of the company
CarTrade Tech is engaged in the business of maintaining a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and OLX India. Through these platforms, the company enables new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner.
Awards, accreditations and recognitions
2007: ‘Red Herring 100 Winner Asia’ awarded to Automotive Exchange Private Limited by Red Herring as one of the Top 100 Private Companies of 2007.
2008: PC World Web Awards’ awarded www.carwale.com by PC World India for Overall Performance in the Automobile category.
2011: ‘Digital Awards, Best Auto Content Website’ awarded to www.carwale.com by Internet and Mobile Association of India.
2012: ‘Digital Awards, Best Auto Content Website’ awarded to www.carwale.com by Internet and Mobile Association of India.
2012: Fleet Enabler of the Year’ awarded to SAMIL by Apollo CV.
2015: A Milestone in Auto Loans’ awarded by HDFC Bank to ‘CarWale’ for an auto loan portfolio of Rs 50,000 crore.
2015: SAMIL was recognised in the Limca Book of Records, National Record for organising 6,683 online bidding events for acquisition and disposal of pre-owned vehicles and equipment.
2015: SAMIL was recognised in the Limca Book of Records, National Record for organising 2,466 physical bidding events for acquisition and disposal of pre-owned vehicles.
2015: ‘Transportation Leadership Award - Fleet Enabler of the Year’ awarded to SAMIL by Kamikaze.
2015: ‘Transportation Leadership Award- Innovation in Transportation’ awarded to SAMIL by Kamikaze.
2016: Best Disruptive Innovation of the Year Automotive’ awarded to SAMIL by Disruptive Tech & Innovation Awards, 2016.
2015: Transportation Leadership Award - Excellence in Customer Experience’ awarded to SAMIL by Kamikaze.
2017: ‘2017 Leaders Awards’ awarded to SAMIL for achieving fastest growing brand for pre-owned vehicles of the year by 24 MRC.
2017: Award for ‘Best Service Provider of 2017’ awarded to SAMIL by CIA World, Builders & Infra Awards 2017.
2018: ‘Mumbai Brand Summit & Hot Brands 2018’ awarded to Automotive Exchange Private Limited (Carwale.com) by ‘Paul Writer’.
2018: Best Employee Engagement in Service Sector’ awarded to SAMIL by ET Now.
2019: ‘Best Employer Brand Awards’ awarded to SAMIL by Zee Business.
2020: ‘Best Pre-owned Commercial Vehicles Company’ awarded to SAMIL by CIA World Builders and Building Material Awards, 2020.
2021: Nation Wide Awards 2021’ awarded to SAMIL for Best Innovation (Digital Physical Event) in Pre-owned Automobile Industry by Business Mint.
2021: Nation Wide Awards 2021’ awarded to SAMIL for Excellence in Pre-owned Automobile Industry by Business Mint.
2021: Asia Feather Awards in ‘Best in class pre-owned vehicles & equipment auction company’ to SAMIL by Feather Touch.
2022: CarTradeExchange Solutions Private Limited has won the award for “Best online market place in pre-owned Automobile Industry” at the International Service Pride Awards 2022 for seamless and efficient services for all kinds of pre-owned vehicles and equipment.
2023: SAMIL was accredited with CSR Leadership Award at the 7th Corporate Social Responsibility Summit & Awards 2023.
2023: Shriram Automall India Limited, Material Subsidiary of the Company (“SAMIL”), is a Great Place to Work – Certified company third year in a row.
2023: Best Use of Data Analytics in Business Intelligence.
2023: CX Technology Implementation of the Year 2022 Award.
2023: Leading Organisation for Promoting Green Practices.
2023: Best Financial Customer Strategy of the Year 2023 in the Pre-owned Automobile Industry.
2023: Disruptive Technology Innovation Award - Pre-owned Automobile.
Major events and milestones
2009: Canaan VIII Mauritius invested Rs 45 million by subscribing to 18,00,000 Series A Preference Shares and 100 Equity Shares of the Company.
2010: Launch of B2B and C2B auctions.
2011: Epiphany Overseas Ventures invested Rs 112.79million by subscribing to 1,385,228 Series B Preference Shares and 100 Equity Shares of the Company.
2011: Tiger Global Six India II Holdings invested Rs 328.53 million by subscribing to 2,377,123 Series C Preference Shares and 100 Equity Shares of the Company.
2012: Launch of CarTrade.com and CarTradeExchange.com.
2014: Highdell Investment Ltd invested Rs 1,372.51 million by subscribing to 4,549,018 Series D Preference Shares and 100 Equity Shares of the Company.
2015: Springfield Venture International invested Rs 1,270 million by subscribing to 2,011,133 Series E Preference Shares of the Company.
2016: Acquired Automotive Exchange Private Limited owners of brand name CarWale and BikeWale for a sum of $100.07 million.
2016: MacRitchie Investments invested Rs 3,323 million by subscribing to 5,854,525 Series F Preference Shares of the Company.
2017: MacRitchie Investments invested Rs 2,422.90 million by subscribing to 3,594,499 Series G Preference Shares of the Company.
2017: Acquired AISPL (Adroit) for a sum of Rs 129.98 million.
2018: Acquired 51% (55.43% on actual basis) of the paid-up share capital of SAMIL, on a fully diluted basis, for a sum of Rs 1,563.76 million.
2020: MacRitchie Investments invested Rs 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares.
2020: Highdell Investment invested Rs 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares and MCP3 SPV LLC invested Rs 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares.
2021: First auto portal to be listed on the stock exchange.
2021: Launched CarWale abSure to offer highquality used vehicles.
2023: Acquired OLX India.
2025: Introduced CarTrade Labs, a dedicated innovation hub driving AI, data science, and digital transformation across the ecosystem.
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