Tech
CarTrade In Talks To Acquire Rival CarDekho In $1.2 Bn Deal
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SUMMARY
The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction
If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector
Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable
Listed auto marketplace CarTrade is reportedly in advanced…
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