Cartrade Technologies News Today

Cartrade: The integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per month, with 90% of these coming in organically. While auto still continues to comprise 80% of revenues at the Group, Sanghi said the focus will also be on expanding non-auto business verticals going ahead.

The integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per month, with 90% of these coming in organically. While auto still continues to comprise 80% of revenues at the Group, Sanghi said the focus will also be on expanding non-auto business verticals going ahead.

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.

Zomato touched a new 52-week high at INR 109.75 as its shares jumped as much as 3.2% during the intraday trading on the BSE

While ideaForge turned out to be the biggest loser this week, Nykaa, PB Fintech, DroneAcharya, and the recently-listed Yudiz also declined

Twelve out of the 16 new-age tech stocks under Inc42’s coverage gained in a range of 0.2% and over 7% this week

Shares of Nykaa plunged nearly 10% this week following its underwhelming Q1 results, while DroneAcharya emerged as the biggest winner

On a QoQ basis, CarTrade’s PAT declined 22.7% from INR 17.49 Cr in the quarter ended March 2023 despite lower expenses, as its sales declined

Of the 15 new-age tech startups under Inc42’s coverage, 10 fell in a range of 0.3% and over 5% this week, with Tracxn being the biggest loser

Of the 15 new-age tech startups under Inc42’s coverage, nine rallied this week in a range of 0.08% to over 17% on the BSE