CARS24 Recent News & Articles

General News

Dec 7, 2022 Cars24 to reduce burn rate further, target ‘sustainable growth’

May 19, 2022 Used cars platform Cars24 asks 600 employees to go

May 19, 2022 SoftBank-backed Cars24 lays off 600 employees

Feb 23, 2022 Cars24 rolls out fourth ESOP buyback prog worth $10 mn

Feb 23, 2022 Cars24 announces Rs 75 crore Esop buyback for current, former employees

Feb 3, 2022 Kotak General Insurance partners CARS24 to offer motor insurance

Nov 22, 2021 CARS24 and Poonawalla Fincorp to provide vehicle financing. Know more

Sep 9, 2021 Why Cars24 expects demand for used cars to rise in India

Aug 30, 2021 Exclusive: Cars24 backers and co-founders offload shares worth $20 Mn in secondary deals

Jul 21, 2020 CARS24 offers loans to customers against existing cars

Funding News

Dec 21, 2021 Cars24 raises $400 mn at valuation of $3.3 bn

Dec 20, 2021 Cars24 raises $400 million funding, eyes global expansion

Nov 29, 2021 Cars24 may hit $3 billion valuation in new funding round

Sep 21, 2021 SoftBank fund and DST Global lead $450 mn funding in Cars24

Sep 20, 2021 Cars24 raises $450 mn from SoftBank, Tencent, others; valuation pegged at $1.84 bn

Aug 19, 2021 Cars24 to raise $350 million, aims to float IPO in 18 to 24 months: Report

Jul 2, 2021 Cars24 nears $250 million funding deal that could double its valuation

Jul 9, 2020 Cars24 Financial Services raises Rs 10 Cr debt fund

Nov 7, 2019 Cars24 gets $44 million from Singapore parent, reports four-fold rise in losses

Aug 14, 2019 MS Dhoni invests in used-car company Cars24

Financial News

Oct 30, 2023 Cars24 scale remains flat in FY23, losses declines 57%

Jan 27, 2023 Cars24’s gross revenue surges 2.2X in FY22, losses cross Rs 1,800 Cr

Dec 9, 2022 Cars24’s losses widen in FY22, while revenues surge 87%

Nov 11, 2022 Cars24’s India biz revenue jumps 87% in FY22

Dec 7, 2021 SoftBank-backed Cars24’s revenue shrinks 13% to $371 Mn in FY21