Last updated: Apr 27, 2024
- Brand NameCARS24
- HeadquarterGurugram
- No. of Employees6703
- Industry
Used car marketplace
- Founded Year 2015
- Company StatusActive
- Highlights
- Total Funding₹9478.55 Cr
- Funding Rounds13
- FY 2022-23 Revenue₹5590 Cr
- FY 2022-23 Loss-₹467.76 Cr
About CARS24
CARS24 is proud to be a tech-first organisation, looking to make inroads into the global auto-tech market in groundbreaking ways. They’ve taken a splintered used-vehicle market and turned it into a streamlined tech-driven one, with intuitive discovery mechanisms, collaborations with partners at the micro and macro levels, and constant innovation. The nex.....
Business Model of CARS24
Cars24 is a used car platform which buys cars from users on the behalf of dealers and also retails them to end consumers. It also has a non-banking financial corporation (NBFC) and bike buying platform.
Key People/Management
Show allVC
Vikram ChopraCo-Founder & CEO
MA
Mehul AgrawalCo-Founder & COO
GJ
Gajendra JangidCo-Founder & CMO
RA
Ruchit AgarwalCo-Founder & CFO
GJ
Gajendra JangidDirector
RA
Ruchit AgarwalDirector
Top Competitors
CA
CartradeU74900MH2000PTC126237
DR
DroomU72300DL2014PLC271386
CA
CardekhoU72200RJ2006PTC023499
SP
SpinnyU74999HR2019PTC077781
Latest News
- Cars24 scale remains flat in FY23, losses declines 57%Oct 30, 2023
- Cars24’s gross revenue surges 2.2X in FY22, losses cross Rs 1,800 CrJan 27, 2023
- Cars24’s losses widen in FY22, while revenues surge 87%Dec 9, 2022
- Cars24 to reduce burn rate further, target ‘sustainable growth’Dec 7, 2022
- Cars24’s India biz revenue jumps 87% in FY22Nov 11, 2022
- Used cars platform Cars24 asks 600 employees to goMay 19, 2022
- SoftBank-backed Cars24 lays off 600 employeesMay 19, 2022
- Cars24 rolls out fourth ESOP buyback prog worth $10 mnFeb 23, 2022
- Cars24 announces Rs 75 crore Esop buyback for current, former employeesFeb 23, 2022
- Kotak General Insurance partners CARS24 to offer motor insuranceFeb 3, 2022