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INTERNET | eCommerce / Auto

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Founded Year



Debt - IV | Alive

Total Raised




Last Raised

$20.42M | 4 days ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Cars24

Cars24 is a hybrid used car trading platform offering both online and offline services. The site and app enable both the selling of used cars and used two-wheeled motorbikes.Cars24 buys, fixes, and then resells vehicles, meaning it appraises vehicles from sellers, buys them up for an agreed upon price if possible, and fixes/reconditions them so that they can deliver them to purchasers.

Cars24 Headquarter Location

10th Floor, Tower B, Unitech Cyber Park Sector 39

Gurgaon, 122003,


+91 1800 258 5656

Latest Cars24 News

Poonawalla Fincorp and CARS24 Announce Strategic Partnership for Seamless Consumer Financing

Nov 22, 2021

BusinessWire India Business Wire India CARS24, India's leading e-commerce platform for pre-owned vehicles and Poonawalla Fincorp Ltd (Formerly known as Magma Fincorp Limited), a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), have announced their strategic partnership for quick and seamless consumer financing on vehicles bought from CARS24. In this partnership, Poonawalla Fincorp Ltd will fulfill consumer loans originating through CARS24. Additionally, both parties will partake in the risk and rewards. Commenting on this strategic partnership Vijay Deshwal, Group Chief Executive officer, Poonawalla Fincorp Ltd (PFL) said “We are delighted to partner with CARS24 to provide seamless financing to the pre-owned car customers. Owning a car has become a necessity in recent times and the pandemic has further accelerated that trend. With technology at its core, we at Poonawalla Fincorp aim to create a digitally enabled consumer lending platform and this partnership with CARS24 is a step in that direction. We are optimistic that this will be a great partnership and will provide a hassle-free experience to the customers in fulfilling their dream of owning a car.”   Ruchit Agarwal, Co-founder & CFO, CARS24 said, “With only ~20% consumer financing penetration in the used cars industry, we feel that there is a huge market opportunity waiting to be tapped. Our partnership with Poonawalla Fincorp Ltd (Formerly known as Magma Fincorp Limited) is another step in making consumer financing easy, transparent, and safe, thus, fulfilling dreams of more Indians owning a car. We are sure that this partnership draws us closer to our aim of becoming a one stop solution for used cars by solving for simplified vehicle buying, selling, and financing process.” Advertisements

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Research containing Cars24

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Cars24 in 3 CB Insights research briefs, most recently on Oct 6, 2021.

Expert Collections containing Cars24

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Cars24 is included in 3 Expert Collections, including E-Commerce.



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