Liquidity Events
Warburg Pincus sells 8.64% stake in CarTrade for Rs.375-Cr
Warburg Pincus, via Highdell Investment, has divested its entire 8.64% (40.76 lakh shares) stake in Navi Mumbai-headquartered CarTrade Tech for INR 375 crore via an open market transaction. The shares were offloaded at an average price of INR 920.30 apiece.CarTrade Tech is a multi-channel platform that connects customers, dealerships, and other businesses to buy and sell vehicles.
Between Dec 2009 and Apr 2021, CarTrade had raised over USD 403.83 M from IIFL AMC, March Capital, Temasek, Warburg Pincus, JP Morgan, Canaan Partners, Tiger Global and Epiphany Ventures.
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