The much-discussed CarTrade Tech CarDekho Merger Update is now official. CarTrade Tech has stopped its proposed acquisition of Girnar Software, the parent company of CarDekho and BikeDekho. The move closes the door on what could have become one of the biggest mergers in India’s autotech industry.
CarTrade announced on November 27 that both companies agreed to end merger discussions.
Why the Merger Was Important for the Autotech Sector
The CarTrade Tech CarDekho Merger Update first surfaced on November 11 when CarTrade confirmed early talks about a possible all-stock acquisition of CarDekho. If the deal had gone ahead, it would have combined two of India’s largest car and bike marketplace platforms. It might have changed the competition against strong rivals like Cars24 and Spinny.
Reports valued CarDekho’s automotive business at $1.2 billion, the same valuation it received in 2021 during a major fundraising round supported by Peak XV Partners and CapitalG.
CarTrade Refocuses on Growth of Key Brands
With the deal now off the table, CarTrade is placing full focus back on its existing brands — CarWale, BikeWale, OLX India and Shriram Automall. These platforms give the company a strong presence in both digital and offline used-vehicle markets.
CarTrade believes the current market continues to grow and sees strong potential for its business roadmap. It plans to keep improving product features and explore future growth options.
(You can internally link here to your story on the OLX India acquisition or CarWale market strategy)
Strong Business Numbers Support the New Direction
This CarTrade Tech CarDekho Merger Update comes during a positive phase for CarTrade. In Q2 FY26, the company recorded ₹64.1 crore net profit, more than double last year’s number. Revenue from operations jumped from ₹154.2 crore to ₹193.4 crore.
OLX India continues to boost overall performance. It posted strong revenue growth and a three-times jump in profit after tax. Its 30% EBITDA margin shows the success of its integration with CarTrade.
(You can internally link here to your article on the used-car market growth in India)
What Happens Next for CarDekho and CarTrade?
The CarTrade Tech CarDekho Merger Update confirms that the deal has ended for now, but experts expect more strategic deals in the autotech sector soon. Demand for digital car-buying, bundled auto insurance, and easier financing continues to rise in India.
CarDekho founders Amit Jain and Anurag Jain plan to keep scaling their ecosystem across listings, InsuranceDekho, and the Rupyy financing platform. Industry analysts expect CarDekho to stay active in the market and continue to attract capital and partnerships.
CarTrade, on the other hand, will push for deeper growth through its strong brands and its expanding hybrid online-offline network.
