CarTrade Tech has announced a major milestone achieved by its leading platforms—CarWale, BikeWale, and OLX India. Each platform has surpassed 150 million unique users annually, with over 90% of this traffic generated organically.
The surge in user engagement across these platforms has not only demonstrated strong consumer trust but has also fuelled significant revenue growth for the company, particularly during the ongoing festive season. Leveraging its asset-light business model, CarTrade Tech has consistently delivered profitability, positioning itself as a standout player in the competitive digital automotive landscape.
Anticipated Profit Growth
Driven by strong operating margins, the company forecasts a 25–30% increase in Profit After Tax (PAT) for Q3FY25 compared to the previous quarter, Q2FY25. This anticipated growth reflects the company’s effective cost management, strategic focus on organic user acquisition, and customer-centric innovation.
Aneesha Bhandary, Chief Financial Officer, CarTrade Tech, said, “Reaching 150 million yearly unique users in each of our three platforms—CarWale, BikeWale, and OLX India—is a proud moment for the company. It highlights the strength of our platforms in delivering value to consumers. Our asset-light approach, combined with organic growth strategies, has enabled us to achieve remarkable profitability while staying true to our mission of innovation and customer satisfaction. We are excited to build on this momentum and drive further growth across our businesses.”
Focus On Innovation, Growth
The company’s focus on organic growth and a customer-first approach has played a pivotal role in cementing its position as a leader in the digital automotive space. By combining cutting-edge technology with an innovative business model, CarTrade Tech is well-poised to maintain its growth trajectory and meet evolving market demands, a communication from the company added.
Also Read:
CarTrade Foundation Launches DriveASmile Initiative To Support 37 Mn Mobility Workers