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CarTrade shutters OLX s auto sales biz two months after buying it

CarTrade shutters OLX s auto sales biz two months after buying it
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CarTrade Tech share price gains 4% in overall weak market; here s why

CarTrade Tech stock price shows strength, up 3% in market downturn. Sobek Auto India shuts down C2B operations, focuses on expanding Classified division.

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CarTrade to shut down auto sales business of OLX - The Hindu BusinessLine

CarTrade to shut down auto sales business of OLX - The Hindu BusinessLine
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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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Used-car startup Spinny axes up to 300 jobs following merger of units

Used-car startup Spinny axes up to 300 jobs following merger of units
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