Latest Articles in CARS24
Sequoia-backed GoMechanic Taps Spinny, Cars24
The creators have issued a proposal to these two startups as part of preliminary discussions for a prospective buyout, according to media reports
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Cars24 Revenue Surges 87% To Over Rs 5,000 Cr, Loss Widens in FY22
The platform's total expenses more than doubled. It spent approximately Rs 6256.3 crore in FY21, compared to Rs 2967.1 crore in FY21
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Used Car Ecommerce Platform Cars24 Fires 600 Employees To Cut Cost
With this latest development, Cars24 has let go of around 6 per cent of the total employee count
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CARS24 Announces AED 37 Million ESOP Buyback For Employees
This is the fifth year in a row CARS24 has announced ESOP buyback plans for both existing and former employees. The total value of Esop buyback announced to date is AED55 million
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CARS24 & Bajaj Finance Ltd Join Hands
This synergic partnership promotes the idea of finance for used cars to a larger audience.
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Cars24 Raises $400M Almost Doubling Its Valuation To $3.3B
The investment will be utilized to fuel the brand’s global expansion in the Middle East, Australia and Southeast Asia, and to further strengthen its foothold in the Indian market.
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Cars24 May Hit $3 Valuation In Its Fresh Funding Round
Cars24 valuation is likely to increase to $3-3.3 billion, up from in September when it closed a $450 million financing from SoftBank Vision Fund II, Falcon Edge and Yuri Milner’s DST Global.
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Poonawalla Fincorp & CARS24 Announce Strategic Partnership
The partnership will make consumer financing faster and easier for consumers looking to buy their dream car through CARS24
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CARS24 Launches Mega Refurbishment Labs
These MRLs will be set up across 35 acres of land in top Indian metro cities with the aim of providing buyers with access to high quality used cars coupled with warranty through a trusted channel.
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CARS24 Raises $450M, Nearly Doubles Its Valuation To $1.84B
The Series F equity round was led by DST Global, Falcon Edge and SoftBank Vision Fund 2* along with participation from Tencent and existing investors Moore Strategic Ventures and Exor Seeds.
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