B2B Auto Biz MotorExchange Acquires CarTradeIndia
Posted by Avashya - India Web 2.0 News on Aug 11, 2009 in Digital Media News |
In an all stock deal, MotorExchange, a company promoted by Vinay Sanghi, the former CEO of Mahindra First Choice, and former eBay India Head Rajan Mehra has acquired the business of B2C auto portal CarTradeIndia. The amount of the deal has not been disclosed. Speaking to MediaNama, Sanghi said that “MotorExchange is targeting institutional sellers of used Vehicles, [...] More at MediaNama.com