Cartrade Tech Ltd
Cartrade Tech Ltd Company History
Cartrade Tech to operates an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders. The Company owns and operates under several brands: CarTrade, CarWale, and AutoBiz. Through these platforms, the Company enables new and used automobile customers, vehicle dealerships, Automotive Manufacturers (“OEMs”) and other businesses to assist dealers to buy and sell their vehicles in a simple and efficient manner.
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
2009
2010
Launch of B2B and C2B auctions
2010
2011
Epiphany Overseas Ventures invested ?112.79million by subscribing to 1,385,228 Series B Preference Shares and 100 Equity Shares of the Company
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
2011
2012
Launch of CarTrade.com and CarTradeExchange.com
2012
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
2014
2015
Springfield Venture International invested Rs. 1,270 million by subscribing to 2,011,133 Series E Preference Shares of the Company
2015
2016
Acquired Automotive Exchange Private Limited owners of brand name CarWale and BikeWale for a sum of USD 100.07 million
MacRitchie Investments Pte Ltd invested Rs. 3,323 million by subscribing to 5,854,525 Series F Preference Shares of the Company
Foundation Investments of Ohio Limited invested Rs. 19.93 million by subscribing to 35,126 Series F1 Preference Shares, Manbro P.E. IV, LP invested Rs. 186.08 million by subscribing to 327,845 Series F1 Preference Shares and MSF Private Equity Fund LLC invested Rs. 126.27 million by subscribing to 222,466 Series F1 Preference Shares
2016
2017
MacRitchie Investments Pte Ltd invested Rs. 2,422.90 million by subscribing to 3,594,499 Series G Preference Shares of the Company
Acquired AISPL (Adroit) for a sum of Rs. 129.98 million
2017
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
2018
2020
MacRitchie Investments Pte. Ltd. invested Rs. 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares;Â
Highdell Investment Ltd 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
2020
