Used car marketplace CarTrade launches Rs.750-Cr venture fund

Navi Mumbai-headquartered online platform for buying and selling used cars Cartrade Tech Ltd has launched a venture arm, CarTrade Ventures, which would invest INR 750 crore over five to seven years in auto finance, leasing, insurance, servicing, car ownership, electric vehicles, clean energy, and new-age technologies that would help digitalise the buying, selling, and ownership of vehicles. The capital would also be used to acquire some of these ventures.