CARS24 aims to list on public bourses in 6-12 months: CEO Vikram Chopra
The company noted that it is on track to report over Rs 750 crore in adjusted net revenue in the second half of FY26.
Used-car platform CARS24 on Thursday said it aims to go for a public listing in the next six to twelve months as the company sees rising revenue growth in the first half of FY26.
In a post on X, Co-founder and CEO Vikram Chopra said the firm is on track to earn over Rs 750 crore in adjusted net revenue in the second half of FY26, recording about 35% year-on-year growth.
Chopra said that the company reported an adjusted net revenue of Rs 651 crore in the first half of FY26, up 18% YoY with its adjusted EBIDTA burn reduced by 36% YoY to a loss of Rs 162 crore.
In H1, around 85,000 cars changed hands on CARS24’s platform across three markets: India, UAE, and Australia. This helped vehicle transaction GMV—a metric that represent the total monetary value of all vehicles sold through the platform over a certain period—to touch Rs 3,731 crore.
According to Chopra, the company has seen financing become a growth engine with loans disbursed growing about 38% YoY to Rs 1,637 crore globally. Additionally, the company’s recent attempts to become an end-to-end vehicle ownership platform has also taken off, he said.
The recent rollout of products like insurance, challan payments, and CarTruth, which includes pre-delivery inspections, vehicle history reports, etc, buyback, and chauffeur services have all led to Rs 94 crore GMV in H1.
Moreover, with CARS24’s recent acquisition of CarInfo, the company is doubling down on expanding its vehicle information and management offerings.
Edited by Megha Reddy