In a regulatory filing, CarTrade said the two companies have mutually decided not to move ahead with the proposed acquisition, ending months of discussions around one of the auto-tech sector’s biggest consolidation bets
If completed, the merger will create one of India’s largest auto-tech platforms spanning car discovery, financing, insurance, and resale
CarDekho will be the second auto classifieds portal to go public in India after CarTrade.com's parent company, which went public in August 2021.