Cars24

Buy and sell used cars online.

About

Founded

2015

Headquarters

Gurgaon, Haryana, India

Industry

Automotive

Company Description

CARS24 is a leading AutoTech company streamlining and revolutionising the sale, purchase, and financing of pre-owned cars in India, Australia, Thailand, and UAE. Leveraging cutting-edge technology, that includes a Smart AI Pricing Engine, and the largest dealer network, CARS24 ensures that selling pre-owned vehicles is seamless and transparent. Customers get a great price, instant payment, easy documentation, and the freedom to sell from anywhere, making the process convenient and hassle-free. When buying from CARS24, 140 Quality Checks at the state-of-the-art Mega Refurbishment Labs (MRL) ensures customers get cars that are ready for the road, and come with 1 year warranty and easy 7 day returns.

Quick Links

WebsiteJobs

Funding

Total Raised

$1.3 billion

Valuation

$3.3 billion

Significant Investors

500 Startups, Alpha Wave Global, DST Global, SoftBank Vision Fund 2, Alibaba, Tencent, Moore Strategic Ventures, Exor Seeds, Raptor Group

Company Traction

  • As of July 2023, Cars24 has rated 4.5/5 stars from 19.9K reviews on the Apple App Store, 3.9/5 stars from 178K reviews on the Google Play Store, and has been downloaded 10 million+ times on the Google Play Store.
  • As of July 2023, Cars24 has rated 4.2/5 stars from 992 reviews on Trustpilot.
  • As of December 2021, Cars24 claims to have 90% of the used-car market in India.
  • As of December 2021, Cars24 has sold 400,000+ used cars and was active in 200 Indian markets.
  • As of December 2021, Cars24 was getting 13 million monthly visitors.
  • In Q3 2021, Cars24 reported 50% growth.

Leadership Team

  • Vikram Chopra: Co-Founder & CEO of Cars24. Former Investment Analyst at Sequoia Capital.
  • Olya Rudenko: CEO of Cars24 Australia. Former Head of Consumer Strategy and Operations, Uber Eats ANZ at Uber.
  • Abhinav Gupta: CEO at Cars24 Arabia. Former Founder of Vault Solar Engineers.

People also viewed