CarTrade In Talks To Acquire Rival CarDekho and BikeDekho

Listed auto classifieds platform CarTrade has confirmed that it is in talks with Girnar Software, the parent company of cardekho, for a possible acquisition of CarDekho’s new and used car classifieds businesses.

According to an exchange filing, the company has been in talks with Girnar Software about a possible merger of their new and used vehicle classifieds businesses in India, which include CarDekho and BikeDekho.

“These discussions are limited to the automotive classifieds businesses and do not include financing, insurance, or other non-automotive businesses of theirs,” CarTrade said in a statement.

However, the statement added that no final agreement has been reached yet regarding the potential deal.

Meanwhile, CarTrade reported strong results for the second quarter of FY25, with profit more than doubling to Rs 64.08 crore from Rs 30.73 crore a year earlier. Revenue grew 29% year-on-year to Rs 222.14 crore, and EBITDA jumped 94% to Rs 63.60 crore, showing strong business growth and improved efficiency.

If the potential merger goes through, it could mark a major step toward consolidation in India’s rapidly growing digital automotive market.

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