Cars24

Cars24 is an Indian online used-car marketplace and auto-tech platform. Founded in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal and Gajendra Jangid, it is headquartered in Gurugram, Haryana. The company buys pre-owned cars directly from owners, refurbishes them at its own facilities, and sells them to retail buyers through its website and app, as well as to dealers. It also provides car loans, insurance, and ownership-transfer assistance, and has expanded into vehicle financing and related services. Cars24 operates in India and has extended its model to international markets including the United Arab Emirates, Australia and Thailand. Its platform is known for a consumer-facing online buying experience, with home test drives, a return policy and warranty on many vehicles. The company has raised significant venture capital and is backed by investors such as SoftBank Vision Fund, DST Global, Falcon Edge and Tencent, among others. It is a private company and has not been listed on a stock exchange. In addition to used-car retail, Cars24 has built a network of refurbishment centres and logistics capabilities, and it has launched services such as car financing and a consumer-to-business selling channel. The brand positions itself as a technology-driven alternative to traditional used-car dealerships, emphasising transparency, standardised quality checks and convenience. It competes with other online used-car platforms and classifieds in its markets.

Cars24 was founded in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal and Gajendra Jangid. It began as an online platform for buying and selling used cars in India, aiming to simplify a fragmented and largely offline market. The company initially focused on the consumer-to-business segment, helping individual car owners sell their vehicles quickly through an online auction-like process, and later expanded into business-to-consumer retail, selling refurbished cars directly to buyers. Over the years, Cars24 built a network of refurbishment centres and logistics operations to support its inventory. It introduced services such as home test drives, a return policy and warranty on many cars, and financing options for buyers. The company also launched a car loan business and insurance offerings, and it expanded into international markets including the United Arab Emirates, Australia and Thailand. Cars24 has raised substantial venture capital from investors including SoftBank Vision Fund, DST Global, Falcon Edge and Tencent, among others. It remains a private company. The brand has become one of the better-known online used-car platforms in India, competing with other marketplaces and classifieds. Its model emphasises standardised quality checks, transparent pricing and a digital-first buying experience.

• 2015

  Cars24 founded by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal and Gajendra Jangid.

• Expanded from consumer-to-business selling into business-to-consumer used-car retail.

• Launched car financing and insurance services.

• Entered international markets including the UAE, Australia and Thailand.

Technology-driven, transparent and convenient online used-car buying and selling platform.

• Used car marketplace

  Online platform for buying and selling pre-owned cars.

• Car loans

  Financing for used-car purchases.

• Car insurance

  Insurance products for used cars.

• 2026-08-11

  Cars24 launches Deployment Inc enterprise AI company with $5 million investment[2]Cars24推出企业AI公司Deployment Inc并投资500万美元adgully.com

  Reported: 2026-08-11

  Cars24 announced the launch of Deployment Inc, an independent enterprise AI company that will help organisations design, implement and operate AI systems across critical business workflows. Cars24 is investing an initial $5 million in Deployment Inc and will become its first customer.

• 2026-01-05

  Cars24 acquires CarInfo[3]Cars24收购CarInfomoneycontrol.com

  Used car marketplace Cars24 acquired vehicle information platform CarInfo, which will continue to operate as a standalone app with its existing team. Financial terms were not disclosed.

• 2021-12-20

  CARS24 raised $400 million in funding[4]CARS24获得4亿美元融资dailyexcelsior.com

  Reported: 2021-12-21

  CARS24 said it raised $400 million, comprising a $300 million Series G equity round and $100 million in debt from financial institutions. The company said the investment would support global expansion and strengthen its position in India.

• 2021-11-30

  CARS24 raises $20 million in UAE debt funding[5]CARS24获得2000万美元阿联酋债务融资wamda.com

  CARS24 raised Dh75 million ($20 million) in local debt funding from Commercial Bank of Dubai to support its operational expansion in the UAE.

• 2021-10-13

  Cars24 partners with The Quiet Company to create Car Couch[6]Cars24与The Quiet Company合作打造Car Couchitwire.com

  Reported: 2021-10-12

  Cars24 announced a partnership with The Quiet Company to create a car couch for an online used-car buying destination.

• 2021-10-13

  Cars24 launches Car Couch prototype[6]Cars24与The Quiet Company合作打造Car Couchitwire.com

  Reported: 2021-10-12

  Cars24 launched a technology-enabled Car Couch prototype for online used-car buying in Australia; the company said it planned to make the prototype available for trial in select locations in 2022.

• Unconfirmed

  Cars24 raises $450 million[7]Cars24 融资 4.5 亿美元economictimes.indiatimes.com

  Reported: 2021-09-20

  Cars24 raised $450 million in a funding round led by SoftBank Vision Fund II, Falcon Edge and existing investor Yuri Milner's DST Global. The round included a $110 million debt component.

• Unconfirmed

  CARS24 launches online car retailing in Australia[8]CARS24在澳大利亚推出线上汽车零售服务nine.com.au

  Reported: 2021-09-02

  CARS24 launched its online used-car retail service in Australia, allowing customers to buy cars from home and have them delivered.

• 2021-02-16

  CARS24 appoints CEO for its cars vertical in India[9]CARS24任命印度汽车业务负责人freepressjournal.in

  Reported: 2021-02-19

  CARS24 appointed Kunal Mundra as CEO of its cars vertical in India, in a newly created role.

• 2020-10-21

  CARS24 launches “Duniya Boli Lagayegi” campaign[10]CARS24推出“Duniya Boli Lagayegi”广告活动financialexpress.com

  Reported: 2020-10-21

  CARS24 launched the “Duniya Boli Lagayegi” campaign to highlight its buyer network and bidding system; the ad film was released on television and the company's social media pages.

Showing the 10 most recent.

1. 1Cars24 official websitecars24.com
2. 2Cars24推出企业AI公司Deployment Inc并投资500万美元adgully.com
3. 3Cars24收购CarInfomoneycontrol.com
4. 4CARS24获得4亿美元融资dailyexcelsior.com
5. 5CARS24获得2000万美元阿联酋债务融资wamda.com
6. 6Cars24与The Quiet Company合作打造Car Couchitwire.com
7. 7Cars24 融资 4.5 亿美元economictimes.indiatimes.com
8. 8CARS24在澳大利亚推出线上汽车零售服务nine.com.au
9. 9CARS24任命印度汽车业务负责人freepressjournal.in
10. 10CARS24推出“Duniya Boli Lagayegi”广告活动financialexpress.com
11. 11Cars24推出二手车零售服务overdrive.in
12. 12Cars24开始在印度销售二手车financialexpress.com
13. 13CARS24完成1亿美元D轮融资thenewsminute.com
14. 14Strengthening footprint: Cars24 raises $100 million fresh capital in Series D fundingfinancialexpress.com