CarTrade Tech announces a significant milestone achieved by its businesses - CarWale, BikeWale and OLX India. Each of these platforms has crossed 150 million yearly unique users, with more than 90% of the traffic being generated organically.
This remarkable growth reflects CarTrade Tech Group’s (hereinafter referred to
as the “Company”) robust performance and reinforces its position as a market leader in the automotive ecosystem. The surge in user engagement has been instrumental in driving strong revenue growth for the Company.
The current festive season has delivered a strong revenue growth for the Company. The Company’s asset-light business model continues to set it apart, delivering consistent profitability. In Q3 FY25, the Company driven by strong operating margins, anticipates approximately a growth of 25-30% in Profit After Tax (PAT) over the previous quarter - Q2 FY25.
Aneesha Bhandary, Chief Financial Officer of CarTrade Tech, shared her thoughts on the achievement:
“Reaching 150 million yearly unique users in each of our three platforms - CarWale, BikeWale and OLX India, is a proud moment for the Company and 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.”
With a focus on organic growth and customer-centric innovation, the Company continues to solidify its position as a leader in the digital automotive space.
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