CarTrade Secures Investment From Ex-AutoTrader CEO Chip Perry

ctAuto-classifieds portal has raised an undisclosed amount in investment from Ex- AutoTrader CEO Chip Perry. Auto Trader is an online classified firm based in the USA. CarTrade had earlier secured $ 30 million in funding round led by Warburg Pinacus.
Auto portal seems to be the next growing segment in the online space. Ratan Tata had recently invested an undisclosed amount in auto portal CarDekho after which he had joined Kalaari Capital as an advisor.
Also Read: Selling My Car in C2C Marketplaces : A Product Manager’s Perspective

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