OverviewSuggest Edit

CARS24 operates an online marketplace for used cars and follows a customer-to-business (C2B) model. The Company buys cars from individuals and sells them to dealers. It uses advanced machine learning and artificial intelligence based auctions so as to enable its channel partners to participate in auctions for each car.

TypePrivate
Founded2015
HQGurugram, IN
Websitecars24.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Mar 2020)1,618(+5%)

CARS24 Office Locations

CARS24 has an office in Gurugram
Gurugram, IN (HQ)
Plot No. 65 - 4th Floor, Landmark House 65, Sector 44, Kanahi
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CARS24 Financials and Metrics

Summary Metrics

CARS24's latest funding round in October 2019 was reported to be $100 m. In total, CARS24 has raised $150 m. CARS24's latest valuation is reported to be $548 m.
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CARS24 Revenue

Market valuation

548.0m
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CARS24 Online and Social Media Presence

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CARS24 News and Updates

India Dealbook: CreditAccess Grameen, Cars24, SafeHouse raise funding

CreditAccess Grameen has garnered around $30.27 million in debt funding from Dutch development bank FMO. The post India Dealbook: CreditAccess Grameen, Cars24, SafeHouse raise funding appeared first on DealStreetAsia.

Sequoia India-backed used car marketplace Cars24 raises $100m

It plans to expand its footprint to more cities, build up its franchise model, and boost its consumer lending business.

[Weekly Funding Roundup] Startups raise $216.9M in equity; CARS24 corners lion's share

Unlike last week, this week's funding activity saw two venture debt deals being signed. About $216.9 million was raised in equity deals, up 113 percent, compared to last week. While two late-stage deals cornered $123 million of the total funding, the balance amount was raised by early-stage and oth…

[Funding alert] Pre-owned car platform CARS24 raises $100M in Series D funding led by Unbound

According to CARS24, the fund raised will be used to strengthen the company's footprint in new cities, scale franchise model, technology and the recently announced consumer lending (NBFC) business.

[Funding alert] MS Dhoni invests in Series D round of CARS24

As part of this investment, Mahendra Singh Dhoni will own equity in online marketplace Cars24, and will act as its brand ambassador.

SoftBank to start $40 billion mega fund; CARS24 to venture into consumer lending business

For decades, agencies like the ISRO, NASA or ESA were deemed to have the required expertise in engineering and science to successfully build rockets. But not anymore. Things have changed now. Institutes like IIT Madras are offering space and laboratory for research, and space enthusiasts are becomi

CARS24 Blogs

Coronavirus Outbreak: Chinese Car Company to Deliver Keys Via Drones

Amidst the auto industry crisis, car brands are finding innovative ways to keep their businesses afloat. What seems to be a unique way and enhancing the car buying experience is how the Chinese car manufacturer Geely will be delivering the car keys via drones.  On February 10, 2020, Geely Auto prope…

Learning Licence Punjab – Learning Licence Online & Offline Apply in Punjab

With the Motor Vehicles Act of 1988 being amended on a regular basis, the rules and regulations for drivers in India continuously change. However, there is one rule that remains the same and that is that everyone who wishes to drive a vehicle in the country is required to have a valid driving licenc…

Driving Licence Kerala – Driving Licence Online & Offline Apply in Kerala

It’s quite easy to obtain a Driving Licence (DL) in Kerala if you know the procedure that should be followed. The DL is a mandatory document for anyone who wishes to use a motor vehicle on the public roads and here, we have described how to obtain a driving licence in Kerala. We have also … Continu…

Learning Licence Tamil Nadu – Learning Licence Online & Offline Apply in Tamil Nadu

The Motor Vehicles Act of 1988 has made it compulsory for anyone who wishes to drive a vehicle in Tamil Nadu to obtain a driving licence first. However, to obtain a valid DL, it is mandatory for people to first apply for a learner’s licence. The application for a learner’s licence can be done either…

Ford & GE team up against Coronavirus; boost the production of ventilators

Ford, with firms including 3M and GE Healthcare, is loaning its assembling and building ability to rapidly produce ventilators. The firms hope to grow the creation of direly required clinical gear and supplies for social insurance laborers, specialists on call and patients battling coronavirus.  Wha…

21 Day India Lockdown: What’s Open And What’s Shut?

In a highly necessary and largely appreciated move, the Hon’ble PM of India, Shri Narendra Modi has ordered a full lockdown of the country for 21 days. After the successful Janata Curfew on March 22, the PM now announced the three-week lockdown until the 14th of April. The move is in response to the…
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CARS24 Frequently Asked Questions

  • When was CARS24 founded?

    CARS24 was founded in 2015.

  • How many employees does CARS24 have?

    CARS24 has 1,618 employees.

  • Who are CARS24 competitors?

    Competitors of CARS24 include CarGurus, CarWale and Volanty.

  • Where is CARS24 headquarters?

    CARS24 headquarters is located at Plot No. 65 - 4th Floor, Landmark House 65, Sector 44, Kanahi, Gurugram.

  • Where are CARS24 offices?

    CARS24 has an office in Gurugram.

  • How many offices does CARS24 have?

    CARS24 has 1 office.