Tag Archives: Cars24

How CARS24 is shaking up the used car industry in India through technology innovation

The used car market in India is growing at a phenomenal pace and due to shorter car ownership periods, price value quotient, penetration in smaller towns, demand for used luxury cars, and reduced customer anxiety towards pre-owned car segment, it is turning out to be bigger than the new car market As per the data by SIAM released in 2018, ... Read More »

Online Used Car Marketplace Cars24 Raises $49.7 Mn

• The funding has been raised from Sequoia Capital India, Kingsway FCI Fund, and KCK Global • The startup’s valuation is expected to be $250 Mn • Cars24 currently has more than 50 branches across 10 major cities in India Gurugram-based online used car marketplace Cars24 raised $49.7 Mn (INR 340 Cr) from Sequoia Capital India, with the participation of some existing ... Read More »