CarTrade Tech IPO - Niche Business Model With Sound Scalability: Reliance Securities
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Reliance Securities' IPO Report
CarTrade Tech Ltd., incorporated 2000, is a multi-channel auto platform with coverage and presence across vehicle types and value-added services.
CarTrade Tech offers a variety of solutions across automotive transaction value chain for marketing, buying, selling and financing of new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles and farm and construction equipment.
Its platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.
Its platforms are operated by 221 technology employees working at their three technology centers as of June 30, 2021.
The company’s brands, CarWale and BikeWale, ranked number one on relative online search popularity compared to their key competitors in FY21.
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