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Online automobile classifieds firm Cartrade.com has acquired vehicle inspection and valuation company Adroit Inspection for an undisclosed sum.
Adroit Inspection, which has tie-ups with leading banks and insurance companies and a team of more than 300 field inspectors, has inspected over one million vehicles this year.
“There are immense opportunities waiting to be tapped in the vehicle inspection and valuation space. The Adroit team undoubtedly is the best in the market,” said Vinay Sanghi, Founder & CEO at Cartrade.
Cartrade, post with its merger with Carwale, is India’s leading automobile marketplace which helps consumers to buy and sell new and used cars. To further strengthen its services in the new and used car segment, the platform has acquired this leading vehicle inspection and valuation company.
Incepted in 2005, Adroit Group was founded by first generation entrepreneurs - Himanshu Lohiya, Mukesh K Gupta and Puneet Tyagi.
Cartrade along with Carwale has 35 million visits per month, leadership in both used and new cars and partners with about 8,000 new and used car dealer partners.
The platform lists more than 200,000 used cars for sale every month and auctions over 200,000 vehicles to the wholesale market every year. Warburg Pincus, Temasek, JP Morgan and March Capital are the key investors in the company.
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