Key Metrics
  • No. of Employees6703
  • Founded Year 2015
  • Company StagePrivate Limited Company
  • Total Funding₹9,478.44 Cr
  • Industry

  • Headquarter
  • Company StatusActive
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 next-gen approach to the pre-owned automobile industry is here at CARS24.

On the surface, they are a cutting-edge e-commerce platform, making the purchase and sale of used vehicles as easy as any other online transaction. Delving deeper, they’re a global force in the auto industry, with connections to channel partners, auto dealers, refurbishers, garages, and auto experts in every country that they have presence in.

CARS24 started their journey in 2015, they have 205 branches across India, presence in 182 Indian cities, channel partners, a new venture with BIKES24, and a new presence in UAE, Australia, Saudi Arabia, Thailand.

Business Model

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.

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CARS24 Funding Details
Funding Highlights
Latest Funding RoundSeries G
Total Funding Raised₹9,478.44 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors3
Investors
  • DST Global, Kingsway Capital, KCK Ltd
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
CARS24 Financial Details
Financial Highlights
FY 2023-24 Revenue₹6,981.82 Cr
FY 2023-24 Expenses₹7,487.95 Cr
FY 2023-24 Profit/Loss-₹498.39 Cr
Net Cash Flow From Operations-₹447.29 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
CARS24 Key People
People Metrics
Current Core Team4
Board Members/Directors2

Core Team

VC
Vikram ChopraCo-Founder & CEO
MA
Mehul AgrawalCo-Founder & COO
GJ
Gajendra JangidCo-Founder & CMO
RA
Ruchit AgarwalCo-Founder & CFO

Board Members/Directors

GJ
Gajendra JangidDirector
RA
RUCHIT AGARWALDirector
CARS24 Documents

AY - 2018-19

Profit and Loss statement - CARS24 - 2018-19.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CARS24 for FY 2018-19.
₹249.00 ₹498.00
Balance Sheet - CARS24 - 2018-19.pdf
TheKredible's experts has summarized the Balance Sheet of CARS24 for FY 2018-19.
₹249.00 ₹498.00

AY - 2019-20

Profit and Loss statement - CARS24 - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CARS24 for FY 2019-20.
₹249.00 ₹498.00
Balance Sheet - CARS24 - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of CARS24 for FY 2019-20.
₹249.00 ₹498.00

AY - 2020-21

Profit and Loss statement - CARS24 - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CARS24 for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - CARS24 - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of CARS24 for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - CARS24 - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CARS24 for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - CARS24 - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of CARS24 for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - CARS24 - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CARS24 for FY 2022-23
₹249.00 ₹498.00
Balance sheet - CARS24 - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of CARS24 for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - CARS24 - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CARS24 for FY 2023-24
₹249.00 ₹498.00
Balance sheet - CARS24 - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of CARS24 for FY 2023-24
₹249.00 ₹498.00

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