Cartrade Tech Limited – DRHP

Our platforms, CarWale and BikeWale, ranked number one on relative online search popularity when compared to their key competitors over the period from April 2020 to March 2021, while Shriram Automall is a leading used vehicle auction platform based on a number of vehicles listed for auction for the financial year 2020 (Source: RedSeer Report). Among our key competitors, we were the only and most profitable automotive digital platform (Source: RedSeer Report). In recent years, we have significantly expanded our business, with our total income increasing at a CAGR of 45.94% between financial years 2018 and 2020. For the nine months ended December 31, 2020 and the financial year 2020, our total income was ₹ 1,896.05 million and ₹ 3,184.45 million, respectively, and our restated profit for the period or year was ₹ 850.53 million and ₹ 312.94 million, respectively. Our Adjusted EBITDA margin was 26.46% and 22.71% for the nine months ended December 31, 2020 and the financial year 2020, respectively.