CARS24 is India's largest used car buying platform that strives to revolutionize the pre-owned cars' market by providing disruptive solutions and services for a happy, hassle-free and simple car selling experience.
CARS24 creates an efficient and reliable way for car owners to sell their used cars at the Best Price.
CARS24 was founded in 2015 by Vikram Chopra & Mehul Agrawal and is based in Gurgaon, Haryana, India. The company has 161 branches across 47 major cities in India.
CARS24 usees advanced Machine Learning and Artificial Intelligence based auctions to enable its channel partners across the country to participate in auctions for each car, ensuring the best deals for its customers.
CARS24 has pioneered a significantly differentiated experience for the customer and dealer by deeply leveraging data and technology at each step, resulting in world-class operational efficiency and market leadership in the segment.
CARS24 is backed by DST Global, Falcon Edge, SoftBank Vision Fund 2, KCK, Moore Strategic Ventures, Tencent, DST Asia, Alpha Wave Incubation, Unbound, Kingsway, Exor Seeds, Freemark Holdings, and others. The company raised $450M, a Series F of $340M and $110M in Debt, on Sep 20, 2021. This brings Cars24's total funding to $845.2M to date. The new round valued the company at $1.84B post-money, up from previous $1B gained after Series E raised in Nov 2020.