CarTrade Is Raising INR 321.7 Cr In Series H Round

Date posted: Friday 3 July 2020

Mumbai-based online auto classifieds platform CarTrade is shoring up cash from investors to mitigate some of the Covid-19 impact as well as take on the challenges in the post-lockdown market. According to the ministry of corporate affairs filings accessed by Inc42, in a resolution on May 22, CarTrade approved an offer to raise INR 321.7 Cr in its Series H funding round. The allotments are at a nominal value of INR 10 with a premium of INR 815.12 per share.

(Inc42)