Cars24

Founded in 2015 by Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Agarwal, CARS24 is a platform that allows people to buy and sell used cars. It is headquartered in Gurugram.

With the streamlined sales procedure, the platform provides an easy method that allows anyone who wishes to sell their cars to do so by following a few simple steps, beginning with an online car valuation, then booking appointments and visiting the branch, and once the vehicle is examined, it can be sold in a single visit.

The company has rapidly grown to become one of India’s largest platforms that cater to the sales of pre-owned cars. With its presence in over 200 cities across India, it makes it convenient for customers to sell and buy cars through their stores.

In 2019, the company’s valuation crossed $1 billion and it entered the unicorn club. Adding on to the stores is their online service launched in 2021, which allows customers to complete the entire sales process online.

In 2021, the company announced its international expansion into the global market beginning with UAE. Additionally, it also reached a milestone of 400 physical stores, also called CARS24 Gaadi Stores across India.

In 2021, the company closed a funding round of $400 million. Some of the investors in the company include Mahendra Singh Dhoni, Finn Age Haensel, Yuri Milner, DST Global, and SoftBank Vision Fund.