CarTrade in talks to buy CarDekho biz
If you thought the Indian auto classifieds space couldn't get more consolidated, CarTrade is about to throw a wrench—well, a steering wheel—into the mix by negotiating to absorb its fierce rival CarDekho. With the deal reportedly valued at over $1.2 billion, this merger isn't just a clash of the titans; it's a move that could redefine how millions buy and sell vehicles online in India. Think of it as the automotive version of a blockbuster merger, combining CarTrade's robust platforms like CarWale and BikeWale with CarDekho's market clout, possibly generating a powerhouse that could outpace competitors like CARS24 and Spinny with newfound bargaining muscle and user scale.
Strategic consolidation in India's digital auto marketplace is taking a giant leap forward with CarTrade's advanced talks to acquire CarDekho's automotive classifieds businesses, including BikeDekho. Notably, this acquisition targets only the classifieds segment, excluding CarDekho's non-automotive ventures like financing and insurance. The transaction, expected to be a cash-and-equity deal worth upwards of $1.2 billion, is under final negotiation stages following due diligence. This move promises to unite two of the industry's most established players, leveraging their collective 85 million monthly users and strong financial footing to intensify competition within the sector and catalyze long-term growth opportunities.
