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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The discussions centering on acquiring CarDekho’s classifieds business were terminated a little over two weeks after they were announced.
CarTrade has terminated talks with CarDekho for the acquisition of the latter's classifieds verticals, namely CarDekho and BikeDekho.
In an exchange filing on Thursday, the Mumbai-based automotive marketplace said it had been “mutually” decided that the talks would be called off while it remained focused on “strengthening” its existing portfolio—CarWale, BikeWale, OLX India and Shriram Automall.
“We believe that our current businesses have strong fundamentals, operate in large and expanding Total Addressable Market (TAM), and provide significant headroom for growth,” CarTrade said in its statement.
Following the announcement, the CarTrade Tech stock took a sharp hit, dropping 5.45% from the …
Co-founder Lisa Suwal talks about how she scaled a family deli-meat business without a single rupee of venture capital and her decision to sell to ITC.
The potential deal, if completed, will create one large player and among the largest pre-owned vehicles businesses. Whether CarTrade can afford it is something investors need to watch out for.
Once a stock market darling, the pharma company is bearing the brunt of a costly acquisition.
