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CARS24

CARS24

Private
IndiaConsumer & Commercehttps://cars24.com/

Last Round

Corporate Funding

Jul 29, 2024

Est. Valuation

$3.3B

Total Funding Raised

$1.32B

Momentum

Top 25%

of companies Caplight tracks

Company Overview

CARS24 is an automotive technology company that operates an online marketplace for buying and selling used vehicles, offering services such as vehicle inspection, AI-based pricing, financing, and ownership transfer.

Sector

Consumer & Commerce

Verticals

E-commerce, Lending & Credit, Electric Vehicles, Retail Technology

Business Model

B2C

Customer Profile

Marketplace Commission, Payment Processing Fee

AI Layer

Application

Keywords

used car marketplacecar selling platformautomotive e-commerceused car financingcertified pre-ownedcar valuationvehicle inspectioncar trade-invoice AIauto techfintechEV trade-indigital marketplacecar flippingonline car dealer

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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CARS24 Comparables

Compare CARS24 with similar companies based on industry and business-model similarity.

CARS24 comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Spinny
93%
Carsome
86%
CARRO
85%

CARS24 Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Corporate FundingJul 29, 2024
Series GDec 20, 2021
DebtDec 20, 2021
DebtSep 20, 2021
Series FSep 20, 2021
Debt
Jun 30, 2021

Key People

Founding team and executive leadership

Mehul Agrawal

Co-Founder And COO

Founding Team

abdullah abu khalifa

CEO

Executive Team

Gilmor expert

Chief Executive Officer

Executive Team

Himanshu Ratnoo

CEO - Used Cars

Executive Team

CARS24 Investors

Notable investors and investment history

CARS24 investors
InvestorRounds
Vivriti CapitalDebt
Regent Street PartnersEarly Funding
SoftBank Investment AdvisersSeries G, Series F
KCK Global LimitedSeries C, Series B, Series D, Early Funding
DST GlobalSeries B, Series D, Series G, Early Funding, Series F, Series E
Venture HighwayEarly Funding
Unbound VenturesSeries E

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 13, 2026

    Added Dreamworld, an automotive services company, as a customer.

  • Apr 9, 2026

    Launched an 'assured buy' feature for used-car auctions.

Recent news

Latest coverage and updates

  • expands_offices_inSep 28, 2026

    Cars24 expands offices in Australia, Australia and New Zealand, Oceania.

  • expands_facilitiesSep 21, 2026

    Cars24 expanded facilities to India, Southern Asia, Asia on Sep 21st '26.

  • has_revenueSep 11, 2026

    Cars24 had revenue of $18.1M on Aug 1st '26.

  • invests_intoAug 10, 2026

    Cars24 invested into Deploy $5M in Seed on Aug 10th '26.

  • partners_withAug 6, 2026

    Cars24 partnered with Dpiit on Aug 8th '26.

CARS24 Filings

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CARS24 filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about CARS24's valuation, stock price, and market status.

Is Cars24 a public or private company?

Cars24 is a private company.

What is the current stock price of Cars24?

Cars24 is a private company with no public stock price. No recent secondary market data is available.

How much is Cars24 worth (valuation)?

Cars24's valuation is estimated at $3.3B based on funding round data.

Can I buy Cars24 stock?

Cars24 shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Cars24's last funding round?

Cars24's most recent funding round was Series G on December 20, 2021.

Who are the main investors in Cars24?

Key investors in Cars24 include SoftBank Investment Advisers, DST Global, SoftBank Group, Sequoia Capital, DST Investment.

Will Cars24 IPO soon?

No public IPO plans have been announced for Cars24.

How can I track Cars24 secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Cars24's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersIndia
Employee Range4,729
Year Founded2015
Last FundingJul 29, 2024

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