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Cars24

Cars24

Cars24 is a Gurugram based company involved in buying and selling of used cars. It was founded in 2015 by Mehul Agrawal, Ruchit Agarwal, and Vikram Chopra.

E-Commerce, Financial Services, Mobility / Transportation, Automotive, Marketplace, FinTech

Cars24

Cars24

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Basic Information

CARS24 offers a tech-enabled marketplace used for buying and selling pre-owned cars. It aims to revolutionize the way used cars are sold by creating an efficient and reliable way for car owners to sell their used cars at a reasonable price. It utilizes an AI-enabled pricing algorithm that displays the accurate market price as well as the appraisalprice of a vehicle. The platform also books appointments for vehicle inspection. The services provided by the company helps customers sell their vehicle in a secure and efficient manner. CARS24 is backed by Exor Seeds, Moore Strategic Ventures, and Unbound. The company was founded in Gurgaon, Haryana, India in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agrawal, and Gajendra Jangid.

Legal Name

:

Cars24 Services Pvt Ltd

Headquarters

:

Delhi NCR, Delhi, India

Business Model

:

B2C, B2B2C

Founding Date

:

2015

No. of Employees

:

1000+

Core Team

:

1.

Mehul Agrawal

Co-Founder & COO

2.

Ruchit Agarwal

Co-founder & CFO

3.

Vikram Chopra

Co-Founder & CEO

Revenue Stream

Commission on transaction

E-commerce - Product

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Funding

Total Funding

$1.3B

Investors

:

1.

Finn Age Haensel

2.

Mahendra Singh Dhoni

3.

Yuri Milner

4.

SoftBank Vision Fund

See More

Detail Round Breakdown

Round 1

Round 2

Round 3

Round 4

Round 5

Round 6

Round 7

$50M

Series Name

:

OTHER

Date

:

Jul 2018

Investors

:

1.

Sequoia Capital India

2.

Kingsway Capital

3.

KCK Global

Features

CARS24 promotes Himanshu Ratnoo as CEO to drive growth and innovation

Cars24 bags Rs 250 Cr from Singapore parent company

CARS24 to Redefine Auto Industry: 100 Tech Experts on Board

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CARS24 promotes Himanshu Ratnoo as CEO to drive growth and innovation

Cars24 bags Rs 250 Cr from Singapore parent company

CARS24 to Redefine Auto Industry: 100 Tech Experts on Board

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