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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  
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
Lending
Funding

Total Funding

$1.3B

Investors
:
1.  
Yuri Milner
2.  
Mahendra Singh Dhoni
3.  
Finn Age Haensel
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
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