Latest news with #CarWale
Business Upturn
20 hours ago
- Automotive
- Business Upturn
CarTrade Tech launches ‘CarTrade Labs' to drive tech innovation
CarTrade Tech Limited has introduced CarTrade Labs , a dedicated technology and innovation unit aimed at developing next-generation solutions using generative AI, data science, and rapid prototyping. The lab will support product development across CarTrade Tech's platforms, including CarWale, BikeWale, OLX India, and Shriram Automall. Focus areas include AI-based dealer management systems, pricing tools, customer support automation, and digital retail experiences tailored to automotive buyers and sellers. CarTrade Labs is structured as an independent unit within the company and will consist of a multidisciplinary team of product professionals, engineers, and data scientists. The lab will work in close coordination with CarTrade Tech's business units to ensure real-world relevance and measurable outcomes. In addition to internal projects, the lab will seek partnerships with startups, academic bodies, and global tech providers to explore practical applications of emerging technologies. Varun Sanghi, President, CarTrade Tech, stated, 'With CarTrade Labs, we're laying the foundation for the next decade of innovation in mobility and commerce. It's a platform to reimagine, build, and scale world-class technology that creates real impact for consumers, dealers, and the ecosystem. It will give us the edge to continuously reinvent ourselves, build transformative products, and stay at the forefront of the industry.' This move reflects CarTrade Tech's broader strategy to invest in scalable tech capabilities to support its digital automotive commerce ecosystem. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
07-05-2025
- Automotive
- Business Standard
Cartrade Q4 PAT climbs 85% YoY to Rs 46 cr
Cartrade Tech reported a 84.7% jump in consolidated net profit to Rs 46.10 crore in Q4 FY25 as compared with Rs 24.96 crore in Q4 FY24. Revenue from operations increased 16.69% YoY to Rs 169.51 crore in Q4 FY25. During the quarter profit before tax (PBT) stood at Rs 53.33 crore, up 79.44% YoY. On segment front, revenue from Consumer Group stood at Rs 63.64 crore, up 29% YoY and 100% increase in PAT to Rs 21.44 crore in Q4FY25. Revenue from the Remarketing Business stood at Rs 58.69 crore in Q4 FY25, up 11% YoY. And revenue from OLX India jumped 10% YoY to Rs 47.71 crore in Q4 FY25. The company received average monthly unique visitors in Q4FY25, at approximately 74 million, 95% of which are organic. On full year basis, the companys consolidated net profit surged to Rs 145.26 crore in FY25 as compared with Rs 19.97 crore in FY24. Revenue from operations jumped 30.85% YoY to Rs 641.11 crore in FY25. Vinay Sanghi, chairman and founder, CarTrade Tech, said, FY25 has been a landmark year for CarTrade Tech the highest revenue, the highest profit, and a clear demonstration of the power of our multi-platform strategy. Weve delivered consistent, profitable, growth, driven by execution excellence, technology innovation, and the unmatched trust our users and partners place in us. We see immense potential across all our businesses and continue to be encouraged by the deep connection our platforms have built with customers, surpassing 150 million users across CarWale, BikeWale, and OLX India reflects the scale and strength of our ecosystem. As we look ahead, were more committed than ever to harnessing the power of AI and product innovation to transform customer experiences and build the marketplace of the future. CarTrade Tech is a multi-channel auto platform with its presence across all vehicle types and value-added services. The platform operates under several brands: CarWale, CarTrade, Olx India, Shriram Automall, BikeWale, CarTrade Exchange and Adroit Auto. The scrip declined 1.40% to Rs 1,694 on the BSE.
