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CARS24

CARS24

Private
IndiaConsumer & Commercehttps://cars24.com/

Last Round

Corporate Funding

Jul 29, 2024

Est. Valuation

$3.3B

Total Funding Raised

$1.32B

Momentum

Top 10%

of companies Caplight tracks

Company Overview

CARS24 is an automotive technology company that operates an online marketplace for buying and selling used vehicles, offering services such as vehicle inspection, AI-based pricing, financing, and ownership transfer.

Sector

Consumer & Commerce

Verticals

E-commerce, Lending & Credit, Electric Vehicles, Retail Technology

Business Model

B2C

Customer Profile

Marketplace Commission, Payment Processing Fee

AI Layer

Application

Keywords

used car marketplacecar selling platformautomotive e-commerceused car financingcertified pre-ownedcar valuationvehicle inspectioncar trade-invoice AIauto techfintechEV trade-indigital marketplacecar flippingonline car dealer

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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CARS24 Comparables

Compare CARS24 with similar companies based on industry and business-model similarity.

CARS24 comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Spinny
93%
Carsome
86%
CARRO
85%

CARS24 Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Corporate FundingJul 29, 2024
Series GDec 20, 2021
DebtDec 20, 2021
DebtSep 20, 2021
Series FSep 20, 2021
Debt
Jun 30, 2021

Key People

Founding team and executive leadership

Mehul Agrawal

Co-Founder And COO

Founding Team

abdullah abu khalifa

CEO

Executive Team

Abhinav Gupta

CEO - CARS24 Arabia

Executive Team

Gilmor expert

Chief Executive Officer

Executive Team

CARS24 Investors

Notable investors and investment history

CARS24 investors
InvestorRounds
Vivriti CapitalDebt
Regent Street PartnersEarly Funding
SoftBank Investment AdvisersSeries G, Series F
KCK Global LimitedSeries C, Series B, Series D, Early Funding
DST GlobalSeries B, Series D, Series G, Early Funding, Series F, Series E
Venture HighwayEarly Funding
Unbound VenturesSeries E

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 9, 2026

    Launched an 'assured buy' feature for used-car auctions.

  • Apr 7, 2026

    Launched an automotive platform for buying, selling, loans, insurance, and servicing.

CARS24 Filings

SEC and related filings with document metadata.

Data table
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CARS24 Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about CARS24's valuation, stock price, and market status.

Firmographic Details

HeadquartersIndia
Employee Range10,124
Year Founded2015
Last FundingJul 29, 2024

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