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Online automobile segment is ripe for consolidation for quite some time and in one of the biggest deals in the segment, CarWale has merged with CarTrade as the former’s investor Axel Springer is exiting from the company. Axel Springer will sell its 91 percent holding in CarWale. Axel Springer and India Today had acquired CarWale […]
12 Nov 2015
More than $100 million poured into India’s auto classifieds space in the last few weeks. The first wave came in around 2010 and now we're preparing again...
14 Feb 2015
Online auto classifieds platform, CarTrade.com has raised Rs 185 crores led by an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing, with participation from existing investors Canaan Partners and Tiger Global. This infusion of capital will be utilized to diversify and strengthen CarTrade’s offerings for consumers and dealers. CarTrade.com offers […]
13 Oct 2014
Did you know that VC investments in India last year were a meager 2.33% compared to the VC funds invested in the US during the same period? Gaurav Saraf of Epiphany Ventures shared this data with us to emphasise the opportunity that can be unleashed in India in the future. You may argue that the […]
03 May 2014