Cars24

Cars24

Private
HaryanaConsumer & Commercehttps://www.cars24.com

Last Round

Series G

12/20/2021

Est. Valuation

$3.3B

Total Funding Raised

$1.2B

Momentum Score

25 /100

Company Overview

CARS24 is an automotive technology company that simplifies the sale of used vehicles through an online marketplace that offers inspection appointments, AI-based pricing, and data-driven insights for a seamless and secure buying and selling experience.

Sector

Consumer & Commerce

Verticals

E-commerce, Circular Economy, Lending & Credit, InsurTech

Business Model

B2C

Customer Profile

Marketplace Commission, Payment Processing Fee, Services & Consulting

AI Layer

Application

Keywords

used car marketplacesecond-hand carsiBuyer for carsfull-stack car marketplacecertified pre-owned carsvehicle financingcar loansonline car auctionvehicle inspectionauto techused bike marketplaceNBFCAI vehicle valuationRC transferodometer fraud detection

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 Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Cars24 Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series G12/20/2021
Debt11/30/2021
Debt9/20/2021
Series F9/20/2021
Series E11/24/2020
Debt
7/9/2020

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

InvestorRounds
Vivriti CapitalDebt
Regent Street PartnersEarly Funding
SoftBank Investment AdvisersSeries F
DST GlobalSeries D, Series G, Early Funding, Series F, Series E
Unbound VenturesSeries E
Trifecta Leaders Fund ISeries G
500 GlobalEarly Funding

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.

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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

HeadquartersHaryana
Employee Range10,028
Year Founded2015
Last Funding12/20/2021

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