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Cars24

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Cars24
Private
ISIN🆔
IndustryAutomotive
Founded 📆2015
Founder 👔
Headquarters 🏙️India
Area served 🗺️
Key people
Vikram Chopra, Mehul Agrawal
Products 📟 Used Cars
Members
Number of employees
🌐 Websitehttps://www.cars24.com/
📇 Address
📞 telephone

Cars24 is an online platform, serving as a marketplace for users interested in buying and selling used cars.[1][2][3]

History

Cars24 was founded by Vikram Chopra, Mehul Agrawal, Gajendra Jangid & Ruchit Agarwal in the year 2015.[4]

In August 2019, Cars24 partnered with Mahindra Singh Dhoni, who invested an undisclosed amount and also became the brand ambassador following the Series D round deal.[5]

Funding

The company has raised $100 Million from investors in their Series D round of funding from a clutch of investors, which includes Toronto-based KCK Global, Agnelli Family, Sequoia India, Unbound, London-based global Investment firm & Moore Strategic Ventures.[6][7][8]

References

  1. "How CARS24 is shaking up the used car industry in India through technology innovation". Money Control. Retrieved December 21, 2018.
  2. "Cars 24: Now buy and sell used cars sans any hassles". Financial Express. Retrieved July 29, 2019.
  3. "Tech startup transforms India's scattered used-car market". Nikkei Asian Review. Retrieved December 31, 2019.
  4. "Cars 24: Now buy and sell used cars sans any hassles". Financial Express. Retrieved July 29, 2019.
  5. "Dhoni is Cars24 brand ambassador". Times of India. Retrieved August 14, 2019.
  6. "Used car marketplace CARS24 raises $100 million in Series-D funding". Business Standard. Retrieved October 17, 2019.
  7. "Cars24 closes $100 Mn Series D round; Shravin Bharti Mittal invests via Unbound". Entrackr. Retrieved October 17, 2019.
  8. "Strengthening footprint: Cars24 raises $100 million fresh capital in Series D funding". Financial Express. Retrieved October 18, 2019.

External links


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