India-based auto marketplace CarTrade has promoted Varun Sanghi, president of corporate finance and a board member, to chief strategy officer (CSO).
Source: LinkedIn
Varun Sanghi, who has been associated with the company for over ten years, has played a pivotal role in its growth, CarTrade said in a regulatory disclosure. His designation in the company will change to CSO and “senior management personnel,” effective Nov. 1.
Having joined CarTrade as a product manager, Varun was instrumental in launching its auto finance product. Subsequently, his role expanded to include corporate finance, business development, and strategic initiatives. Varun reportedly played a key role in CarTrade’s acquisition of OLX India from Prosus in August 2023.
Additionally, Varun has been leading CarTrade Labs — an innovation hub launched in June to focus on generative AI and data science — in addition to serving as a director on the boards of OLX India, Shriram Automall (a used-car auction business), and CarTrade Foundation (the company’s CSR arm).
CarTrade Tech posted INR1.9 billion ($22 million) in operating revenue for the three months to September 2025 (Q2 FY25-26), up 25.4% year on year. It recorded about 85 million average monthly unique visitors in Q2, with 95% of the traffic organic.
CarTrade has a presence in more than 500 physical locations across India through Shriram Automall, CarWale abSure, and OLX India franchisees.
