CarTrade Nears $1.2 Billion Deal to Acquire CarDekho

CarTrade Tech, owner of CarWale and OLX India, is nearing a $1.2 billion cash-and-equity acquisition of CarDekho. The merger will create India’s largest online auto marketplace across listings, finance, insurance, and after-sales. It intensifies competition for Cars24, Spinny, and Droom, marking consolidation in auto-tech with a focus on profitability, data, and ecosystem dominance.