CarTrade, India’s leading online automobile classifieds platform, on February 8 said that it has raised $55 million in a fresh round of funding led by Temasek, an investment company based in Singapore, alongside a large US family office. This injection of capital will be used to support CarTrade’…
Tag: Vinay Sanghi
CarTrade to venture into used-car financing
Auto classifieds site CarTrade wants to make it easier for buyers of used cars to get loans. It’s currently piloting a project to promote institutional financing of such vehicles. “There are 3.5 million used cars sold every year in India, out of which not more than 10% are financed by…