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CarTrade To Shut Down Auto Sales Business Of OLX

CarTrade Technologies, which recently acquired Sobek Auto India Pvt. Ltd. for a considerable INR 535.54 Crores, has announced the shutdown of its Customer-to-Business (C2B) operations. This is a significant strategic decision. This action was taken just two months after Sobek Auto India was acquired, together with the C2B transaction and classifieds businesses of OLX Autos.

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