Tech
CarTrade confirms acquisition talks with CarDekho parent
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Online auto classifieds platform CarTrade Tech is in discussions with Girnar Software, the parent company of rival CarDekho, to acquire its automotive classifieds businesses, a regulatory filing by the company revealed on Tuesday.
If the talks culminate in a deal, it will mark the coming together of two of the most prominent names in the business. CarDekho, backed by Peak XV, Hillhouse and Google Capital, attained unicorn status in 2021 after a $250 million funding round valued it at $1.2 billion. CarTrade, a listed company, has a market…
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