Cars24
Founded Year
2015Stage
Debt - V | AliveTotal Raised
$1.296BValuation
$0000Last Raised
$100M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-24 points in the past 30 days
About Cars24
Cars24 focuses on the buying and selling of used cars and provides related automotive services. The company has an online platform for purchasing and selling pre-owned vehicles, and offers services such as used car valuation and car loans. Cars24 also provides car servicing, repair, scrapping, and vehicle challan management. It was founded in 2015 and is based in Gurgaon, India.
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Expert Collections containing Cars24
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cars24 is included in 4 Expert Collections, including E-Commerce.
E-Commerce
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Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
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Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Tech IPO Pipeline
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The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Cars24 News
Jul 7, 2025
Following a fuel ban on overage vehicles in Delhi, second-hand car queries spiked, with potential buyers from across India seeking bargains. The ban led to uncertainty and a 40-50% drop in prices for older cars. Stakeholders are urging the suspension of the directive due to implementation challenges. Devdiscourse News Desk | New Delhi | Updated: 07-07-2025 17:00 IST | Created: 07-07-2025 17:00 IST This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only. Country: SHARE Following the enforcement of a fuel ban on overage vehicles in Delhi, companies dealing in second-hand cars reported a surge in customer inquiries. The directive, which began on July 1, prompted interest from buyers across India, notably south India, seeking discounted vehicles. The Delhi government quickly appealed for a suspension of the ban, citing technological challenges in implementation, according to Environment Minister Manjinder Singh Sirsa. The lack of clarity in the initial days led to a significant increase in inquiries, with companies experiencing a 25% rise in leads. Concurrently, traders noted a drastic reduction in car prices, with some models experiencing a 40-50% price decline. The Chamber of Trade and Industry highlighted that this has created a buyer's market, although compliance complications remain. Meanwhile, CARS24 emphasized legal obligations regarding the scrapping of overage vehicles. READ MORE ON:
Cars24 Frequently Asked Questions (FAQ)
When was Cars24 founded?
Cars24 was founded in 2015.
Where is Cars24's headquarters?
Cars24's headquarters is located at Medanta the Medicity, Sector 38, Gurgaon.
What is Cars24's latest funding round?
Cars24's latest funding round is Debt - V.
How much did Cars24 raise?
Cars24 raised a total of $1.296B.
Who are the investors of Cars24?
Investors of Cars24 include DST Global, EXOR Seeds, Moore Strategic Ventures, Tencent, Alpha Wave Global and 36 more.
Who are Cars24's competitors?
Competitors of Cars24 include Spinny, Kavak, Carma, Droom, Carsome and 7 more.
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Compare Cars24 to Competitors
Spinny is a platform that focuses on the buying and selling of used cars within the automotive industry. The company provides a selection of pre-owned vehicles that have undergone inspections, along with a return policy and a service warranty. Spinny serves individual consumers looking for second-hand cars and those wanting to sell their vehicles. It was founded in 2015 and is based in Gurugram, India.
CarDekho provides digital automotive solutions that specialize in the sale and purchase of new and used cars. It offers a platform for car buyers to search, compare, and make informed decisions on vehicle purchases, as well as facilitating finance and insurance services for used cars. It primarily serves individual car buyers and sellers, as well as partnering with automotive dealerships, financial institutions, and insurance companies. It was founded in 2008 and is based in Jaipur, India.
VavaCars operates as a technology-enabled used car platform that provides a transparent and hassle-free car-buying experience, leveraging its proprietary pricing and inspection technology to make car ownership accessible and affordable. In addition to buying and selling used cars, VavaCars also offers ancillary services such as servicing and extended warranty, providing customers with a comprehensive and convenient car ownership solution. It was founded in 2019 and is based in Istanbul, Turkey.
Mahindra First Choice Wheels operates in the automotive retail and technology sectors. It focuses on the used auto platform. The company offers a range of pre-owned vehicles, including cars and bikes, and provides services such as vehicle procurement, warranty products, and roadside assistance. Mahindra First Choice Wheels serves the automotive retail market, focusing on used car sales and enterprise solutions for financial institutions. It was founded in 2008 and is based in Mumbai, India.
CarPrice is a technology startup specializing in online car sales and auctions within the automotive industry. The company provides a platform for evaluating and selling vehicles, including legal checks and technical inspections, followed by auctioning to professional buyers. CarPrice serves the used car market, facilitating transactions to improve market functionality. It was founded in 2014 and is based in Moscow, Russian Federation.
Droom specializes in facilitating the buying, selling, and trading of new and used vehicles. Droom offers a suite of services, including vehicle inspection, certification, loans, insurance, and other automobile-related services. The company primarily serves the automotive e-commerce industry. It was founded in 2014 and is based in Gurugram, India.
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