New fund · Commerce & Consumer Brands

CarTrade launches ₹750 crore venture fund

By Startup Enthusiast · 25 February 2023

What they do

CarTrade runs an online marketplace for buying new and used vehicles

It launched CarTrade Ventures, a fund of up to ₹750 crore to be deployed over 5-7 years

The fund will invest in auto finance, leasing, insurance, servicing, electric vehicles and clean energy

CarTrade has launched CarTrade Ventures, a venture fund.
The fund size is up to ₹750 crore.
The money will be deployed over 5-7 years.
The fund will be sourced from profits and available funds of the company.
It will also be used for acquisitions.
The fund will invest in auto finance, leasing, insurance, servicing, car ownership, electric vehicles, clean energy and new-age technologies.
Portfolio companies will get synergies with group companies, access to customers and technology.

CarTrade is an online car marketplace for buying new and used vehicles.
The fund allows CarTrade to expand into adjacent auto sectors.
It signals CarTrade's move from a marketplace to a broader auto ecosystem player.

The fund will invest in auto finance, leasing, insurance, servicing, car ownership, electric vehicles, clean energy and new-age technologies.
It will also be used for acquisitions.