CARTRADE TECH LIMITED

Operates digital auto marketplaces in India through three segments. The Consumer segment runs CarWale and BikeWale, new-vehicle discovery platforms that contributed 39.3% of FY26 segment revenue, while the Classifieds segment runs OLX India, an online classifieds platform for used vehicles and other goods at 27.7% of segment revenue, and the Remarketing segment handles used-car auction and dealer remarketing services at 33.0%. Its platforms collectively reach about 80 million monthly visitors across 500-plus locations, and host over 63% of India's online used-car listings. Employee costs are the largest expense at 39.4% of revenue, followed by other operating expenses at 27.6%, with no material input cost and a light capex load at 3.4% of revenue. The group is expanding beyond listing fees into AI-driven products (Elite Buyer, Super Dost, Viya AI) and into transaction-margin economics through a strategic partnership with Spinny for end-to-end used-car purchases.