CarTrade shifts into overdrive with acquisitions

07 May 2017

After acquiring CarWale from German media conglomerate Axel Springer for $120 million U.S. (Rs 790 crore) last year, CarTrade (owned by MXC Solutions) now made another strategic acquisition, when it bought Adroit Inspection, a vehicle-inspection and -valuation business, in an all-cash deal, reported Economic Times (ET). The exact value of the deal was not disclosed.

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Radhika Sachdev

Radhika Sachdev is a journalist who has held senior editorial positions with major Indian newspaper banners. She has over 20 years of experience in the profession, covering Advertising, Marketing, Media, Education, HR, Real Estate and Environment beats. She is also a partner and chief content developer for Write Solutions, a boutique content house she founded eight years ago, signifying her diversification from journalism to copywriting and media consultancy.