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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 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.
In one of the most significant developments in India’s pre-owned vehicles sector, CarTrade is set to acquire rival CarDekho. Both companies are unicorns. The CarDekho Group was valued at $1.2 billion in 2021, while CarTrade’s current market capitalization stands at $1.64 billion. If the transaction goes through, the combined entity will become the largest and most valuable pre-owned vehicles business in India, with offerings ranging from digital classified listings, offline auction sales and insurance to vehicle financing.
Once news of the transaction became public on 10 November, CarTrade’s stock price rose steadily from Rs 2,981 that day to Rs 3,068 …
The Mideast tech giant is scaling back verticals in Saudi Arabia and possibly rethinking global operations.
Four top-level exits come at a time when the IPO-bound used-car platform is grappling with serious financial challenges.
The seafood company solved its demand problem by aggressively buying global distributors. Now it has a financing problem that it can't solve without public money.
