CARTRADE CEO
Dare to buy these 8 multibagger stocks trading above 100 PE multiples?
Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.
Bosses' Perfect 10: From northern lights to daily walks, their sublime experiences revealed
From a picturesque ocean drive to seeing the aurora borealis, bosses reveal one experience that is a perfect 10 for them.
New-age tech stocks somersault on Dalal Street, give up to 258% returns in FY24
Zomato was the top performer from the new age technology pack, giving a staggering 258% return to investors in FY24. This was after a 38% correction witnessed in FY23.
CarTrade Technologies open to further acquisitions to fast-track expansion plans
The integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per month, with 90% of these coming in organically. While auto still continues to comprise 80% of revenues at the Group, Sanghi said the focus will also be on expanding non-auto business verticals going ahead.
Debit cards' downward spiral; OTTs on inclusivity quotient
Online shoppers are increasingly swiping credit cards or using digital payments over debit cards, data shows. Numbers on this trend and more in today’s ETtech Morning Dispatch.
Zepto CEO's big sales target; sustainable ventures in focus for public markets at ET Startup Awards 2023
India's newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).
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Rajnish Kumar, Mohandas Pai join Byju’s advisory council; Wipro net profit up in double digits
Troubled edtech major Byju’s said it has appointed Rajnish Kumar, former SBI chief, and ex-Infosys CFO Mohandas Pai to its Board Advisory Committee. This and more in today’s ETtech Top 5.
Premium products power online sales as mass-market hit by slowdown; ISRO grey cells fuel spacetech startups
Ecommerce sales — excluding smartphones — have surged 24% in Q2. Industry insiders and research firms indicate that the growth in smartphones is driven by premium devices. This and more in today’s ETtech Morning Dispatch.
Byju’s troubles mount as board members, auditor Deloitte resign; Tata Digital rejigs top brass
On Thursday evening ETtech first broke the story of three of Byju’s key board members resigning. Soon after Deloitte, the edtech’s statutory auditor, too, resigned citing delay in furnishing the company’s financial results. This and more in a super packed Friday edition of ETtech Morning Dispatch.
ETMarkets Smart Talk: Next set of multibaggers could come from PSU banks, and manufacturing: Dick Mody
The dollar up move has peaked now and it seems that Rupee will appreciate going further in 2023. India will stand tall and witness strong buying from domestic investors, at one-point FIIs will turn to India, as the return potential is much better when compared to other EMs
Retail, fintech hit as startup funding dips 35% this year: Tracxn report
Retail and fintech sectors witnessed a fall of 57% and 41%, respectively, in amounts of funds raised in 2022, according to Tracxn’s India Tech 2022 annual report. Yet, these two sectors alongside enterprise applications remained top fundraisers during the year.
CarTrade Tech ties up with Cholamandalam for financing used cars
Under the partnership, Cholamandalam Investment and Finance (Chola) will become the preferred financier for customers purchasing used vehicles from CarWale abSure's dealers with customised offerings, the company said in a statement. CarWale abSure is the used car platform of CarTrade Tech.
The best (and worst) of January
After US tech stocks entered correction territory on the back of possible interest rate hike by the Federal Reserve, senior executives at SoftBank and Sequoia – two of the world’s top tech investment funds – said private tech markets were due for a similar correction.
Tech stocks tank on manic Monday; Swiggy turns decacorn
Shares of new-age companies fell sharply as the Sensex and Nifty tanked on Monday following weak global cues.
Indian auto customers becoming safety-conscious, willing to pay more for safer cars: Survey
However, as many as 45 per cent of respondents felt new vehicles will be safer than used vehicles, regardless of safety ratings, highlighting the need for better communication.
When Nazara Technologies sold computers to pay salaries
The founder of the listed gaming company and other entrepreneurs shared some interesting insights about their business learnings at the recent India Internet Day conference.
CarTrade launches one-stop services platform to buy, sell pre-owned cars
CarWale abSure showrooms are getting launched across nine cities -- Mumbai, Bangalore, Surat, Kanpur, Noida, Chennai, Bhopal, Kolkata and Ahmedabad -- with more to be added in the near future
In no hurry to launch IPO, will go public when it makes sense: PhonePe CEO
The company has just "scratched the surface" when it comes to financial services and is excited about the prospects in multiple verticals like insurance, PhonePe CEO Sameer Nigam told reporters here on Thursday.
India’s tech-driven auto evolution
India is expected to be the world’s third-largest automotive market in terms of volume by 2026. Homegrowth tech startups will have a huge role to play in making that possible.
Stars aligned for a very active primary market: S Ramesh
“Some of the companies are what I call emerging gems or crowned gems that are coming to the capital markets, having withstood a reasonable test of time. We are seeing a blend of unique companies, a combination of new age companies and also some of the newer sectors from the traditional space like chemicals, pharma, healthcare and the broader consumer space, ” point out Kotak Investment Banking’s S Ramesh and Sourav Mallik.
IPO frenzy: Investors pour in Rs 1.71 lakh crore into four issues
The ₹1,838-crore issue of Devyani International, the operator of quick-service restaurants (QSRs) such as KFC, Costa Coffee and Pizza Hut, was subscribed 117 times on the final day, generating demand of ₹1.18 lakh crore.
Post-IPO, Nykaa founder Falguni Nayar will remain in the saddle
Nayar is expected to have strong control over the company compared to founders of other startups
Unicorn brothers
In today's ETtech Morning Dispatch Newsletter, newly minted unicorns Pine Labs and Lenskart are is talks to raise $300 million each, WazirX to compensate users hit by volatile meme coin, and CarTrade has filed IPO papers with Sebi.
CarTrade files IPO papers with Sebi
The IPO seeks to raise around Rs 2,000 crore
CarTrade files DRHP for Rs 2,000 crore IPO
The offer comprises 26.96 per cent of post-offer paid-up equity share capital. The face value of equity shares is Rs 10 each.
CarTrade set to file for IPO to raise up to Rs 2,000 crore
CarTrade, an online auto classifieds platform, is looking at a valuation of $1.5 billion in the IPO and will look at listing later in the year, depending on market conditions.
Warburg buys minority stake in on-campus housing startup Good Host Spaces
Warburg's affiliate Baskin Lake Investment Ltd, has acquired HDFC Ltd.’s 24.48 percent stake along with a primary investment in the company.
CarDekho acquires YouTube auto content platform PowerDrift
With this acquisition, GirnarSoft group through its various acquisitions has a cumulative subscription base of 1.4 million users with a traffic of 30 million monthly unique visitors across its group platforms.
CarTrade acquires vehicle inspection Adroit Inspection
The acquisition was made about three months after the Mumbai-based company raised $55 million in a fresh round of funding co-led by its existing backer Temasek and a US-based family office, whose name was not disclosed.
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