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CarTrade Tech Launches Used-Car Platform

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CarTrade Tech (NSE:CARTRADE, BOM:543333) said it has launched CarTrade Used Auto platform to expand its presence in India's used-car market, according to a Monday filing on Indian bourses.

The platform combines strengths of CarWale and OLX India businesses, the filing said. It brings together buying, selling, exchange and financing services on a single system, it added.

CarTrade also introduced "SuperDost", a toolset aimed at supporting pricing, vehicle evaluation and matching services for used-car transactions.

The company said its platforms together handle about 65 million monthly users and engage with around 3 million used-car sellers and 20 million buyers annually.

Shares of the company fell nearly 1% in recent trade.

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