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CarTrade plans to invest Rs 750 crore in next 5-7 years in automotive space

Automotive platform CarTrade Tech on Thursday said it has launched CarTrade Ventures and is planning to invest Rs 750 crore in the next 5-7 years to fund acquisition and investment in the automotive space under this business initiative. The company, in a statement, said it will look to acquire and invest in companies offering differentiated services and technology in the automotive space. The capital invested will be through profits generated and funds available in the company, it added. "We have launched CarTrade Ventures to invest in new-age technologies and to digitalise the buying, selling and ownership of vehicles and be a key enabler in the growth of the auto ecosystem. "To facilitate this, we are looking to deploy up to Rs 750 crore for acquiring and investing in companies that are driving innovation in the global auto ecosystem," said Vinay Sanghi, founder and Chairman, CarTrade Tech Group. The company has been successful in growing its business organically and inorganical

Is the worst over for new-age tech companies? Here's what analysts say

Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

SoftBank-backed Cars24 eyes small towns to sell used cars in India

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

CarTrade Tech ties up with Chola for financing used vehicle purchases

Chola, the financial services arm of the Murugappa Group, will be the preferred financier for customers purchasing used vehicles from CarTrade Tech's CarWale abSure's dealers

CarTrade Tech plans to launch 200 abSure outlets across India in 2 years

Automotive platform CarTrade Tech said on Wednesday it plans to launch over 200 abSure (Absolute Sure) retail outlets, a one-stop tailor-made retail facility, pan-India in the next two years.

CarTrade Tech hits new all-time low, stock down 46% from its issue price

Since October 29, 2021, the market price of CarTrade Tech slipped 24 per cent after the company reported a net loss for the second straight quarter of current fiscal.

50% of November IPOs fall below their issue prices amid market crash

PB Fintech, Fino Payments Bank, SJS Ent, KIMS, Ami Organics, Zomato and Sansera Engg from the BSE IPO index were down between 6 per cent and 19 per cent in intra-day trade today

CarTrade slips 7%, stock at new low on second straight quarterly loss

For H1FY22, CarTrade Tech posted net loss of Rs 81.47 crore against a net profit of Rs 63.57 crore during the same period of FY21

CarTrade posts consolidated net loss of Rs 35.35 cr in September qtr

Multi-channel automobile buying and selling platform CarTrade Tech Ltd on Thursday reported a consolidated net loss of Rs 35.35 crore for the second quarter ended September 30, 2021

CarTrade, Aptus Value, Krsnaa Diagnostics, Rolex Rings hit new lows

CarTrade Tech shares hit a new low of Rs 1,365 on the BSE today, falling 16% from its issue price of Rs 1,618 per share.

CarTrade launches one-stop services platform to buy, sell pre-owned cars

Multi-channel auto platform CarTrade Tech has launched a tailor-made one-stop service for hassle free buying and selling pre-owned cars across nine cities, a release said on Tuesday.

CarTrade Tech hits new low since listing; down 11% from issue price

An increase in aggression by competition fueled by large amounts of global appetite to participate in this industry in India could impact the positioning of CarTrade Tech and its profitability

CarTrade Tech makes tepid market debut; tumbles 7% at close of trade

CarTrade Tech's initial public offering (IPO) was subscribed 20.29 times

CarTrade Tech makes tepid market debut; tumbles nearly 8% at close of trade

Shares of CarTrade Tech had a muted market debut on Friday, closing with a discount of nearly 8 per cent against its issue price of Rs 1,618.

Broader indices fall 2%; Nifty Metal skids 6% on global growth concerns

The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent

CarTrade Tech lists 1% below issue price at Rs 1,600 per share

At 10:01 am, CarTrade Tech was trading at Rs 1,579.70, down 2.4 per cent to its issue pricee of Rs 1,1618 per share

Stocks to watch: CarTrade Tech, HDFC Bank, Vodafone Idea, Airtel, Indostar

MD and CEO Nitin Chugh of Ujjivan Small Finance Bank has resigned from the bank and his tenure will come to an end on September 30

CarTrade offering bought 20 times; late buying helps Nuvoco Vistas

The response to both issues was modest when compared to recent IPOs

CarTrade IPO fully subscribed; Nuvoco, Aptus Chemplast 16-30%

CarTrade Tech fully subscribed, Nuvoco Vistas Corporation subscribed 30 per cent, while Aptus Value Housing and Chemplast Sanmar subscribed 24 per cent and 16 per cent respectively