In a stock exchange filing, Cartrade has informed about the above.
- According to media reports, the proposed deal could value CarDekho’s automotive classifieds business at around $1.2 billion
- This is significant vis-a-vis Cartrade’s own size; its mcap currently is around 1.7 bn $.
- If the deal goes through, it would add significant debt on the books and/ or significantly dilute its shareholders. Hence, after initial euphoria, it may be a long consolidation phase for Cartrade.
- The discussions are only to acquire the automotive classifieds business and do not include financing, insurance, or other non-automotive businesses
CarDekho has been trying to go public for the last 4-5 years but has not got much traction from the bankers and hence possibly this deal of selling off to Cartrade.
Cartrade has significantly strengthened it’s position in the sector over last 2-3 years; especially after acquiring OLX in 2023.
On November 27, 2025, CarTrade Tech has announced that both sides agreed to call off talks.