CARS24 Unicorn
CARS24 is an Indian multinational auto-tech company operating an online marketplace for buying and selling used cars and two-wheelers, alongside vehicle financing (Loans24), insurance (Insure24), RTO/challan services and vehicle-information tools, with operations in India, UAE and Australia.
CARS24: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 27 Jul 2024 | Corporate / equity investment | INR 250 crore | Global Car Group Limited (Singapore-based parent) | source |
| 19 Dec 2021 | Series G (equity + debt) | $400M total ($300M equity Series G + $100M debt) | Alpha Wave Global Alibaba DST Global Exor Seeds Moore Strategic Ventures Raptor Group SoftBank Vision Fund 2 Tencent | source |
| 20 Sep 2021 | Series F (equity + debt) | $450M total ($340M equity Series F + $110M debt) | SoftBank Vision Fund 2 DST Global Exor Seeds Falcon Edge Capital Moore Strategic Ventures Tencent | source |
| 13 Aug 2019 | Series D | $100M | Exor (Agnelli Family) KCK Moore Strategic Ventures Sequoia Capital India Unbound | source |
| 10 Oct 2018 | Series C (extension) | $9.3M | Exor | source |
| 16 Mar 2018 | Series C | $50M | KCK Global Limited Peak XV Partners (then Sequoia Capital India) | source |
| 18 Aug 2017 | Series B | $27.2M | KCK Global Limited | source |
| 25 Nov 2015 | Series A | $14.8M | Kingsway Capital | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 11 Mar 2026 | CARS24 | vehicle-info | undisclosed | source |
| 5 Jan 2026 | CARS24 | carinfo-velocitypedia-private-limited | Rs 118 crore | source |
| 23 Apr 2025 | CARS24 | team-bhp | undisclosed | source |
Recent Signals
-
1 Jun 2026 · funding
Cars24 commits $20 million to launch 'Cars24 Labs,' its AI build, partnership and investment arm source -
30 Apr 2026 · org-team
Co-founder and COO Mehul Agrawal steps down from operating role amid leadership churn ahead of IPO source -
11 Mar 2026 · ma-strategic
Cars24 acquires vehicle-information platform Vehicle Info, its second such deal in months, ahead of planned IPO source
News on CARS24
No coverage of CARS24 linked yet.
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Who founded CARS24?
CARS24 was founded by Vikram Chopra, Mehul Agrawal, Gajendra Jangid, Ruchit Agarwal in 2015.
How much funding has CARS24 raised?
CARS24 has raised $1.08 Bn across 8 tracked funding round(s), most recently on 2024-07-27. Figures are compiled from cited public sources.
Who are the investors in CARS24?
Investors in CARS24 include Global Car Group Limited (Singapore-based parent), Alpha Wave Global, Alibaba, DST Global, Exor Seeds, Moore Strategic Ventures, Raptor Group, SoftBank Vision Fund 2.
What does CARS24 do?
CARS24 is an Indian multinational auto-tech company operating an online marketplace for buying and selling used cars and two-wheelers, alongside vehicle financing (Loans24), insurance (Insure24), RTO/challan services and vehicle-information tools, with operations in India, UAE and Australia.
Where is CARS24 headquartered?
CARS24 is headquartered in Gurugram, Haryana, India.
What is CARS24's business model?
CARS24's core value proposition centers on Guaranteed pricing and instant payment, AI-enabled market pricing, Hassle-free legal/paperwork handling, Full-stack vehicle ownership platform.
How does CARS24 make money?
CARS24's cited revenue streams include Vehicle resale margins, Transaction commission, Financing (Cars24 Financial Services / Loans24), Value-added services.