CarTrade Tech Limited, one of India’s largest online auto platforms, announced the completion of 100% acquisition of OLX’s Classifieds and Auto Transactions business in India for INR 535.54 crores, from OLX India BV (OIBV). OLX is one of India’s leading classifieds players with more than 100+ million app downloads. It operates in 12 broad categories…
CarTrade Tech Limited, one of India’s largest online auto platforms, announced the signing of an agreement to acquire the operations of OLX in India from OLX India BV (OIBV). The deal includes acquisition of 100% stake of Sobek Auto India Private Limited, consisting of the OLX Autos transaction businesses and the OLX classifieds platform for…
CarTrade Tech Ltd announced its plans to deploy up to USD 100 mn (INR 750 crores) to strategically acquire and invest into companies in the automotive space. The group wants to strengthen its position as a leading automotive platform in India by acquiring and investing in companies which will help it to either enter a…
The CarTrade Group, one of India’s largest online automotive groups, announced it is actively looking at companies to acquire or invest into, in the automotive space. The company wants to further strengthen its position as the leading online automotive platform and has earmarked over Rs 400 crores for such investments. Commenting on the Company’s future…