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.
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Research containing Cars24
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CB Insights Intelligence Analysts have mentioned Cars24 in 3 CB Insights research briefs, most recently on Oct 6, 2021.
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 3 Expert Collections, including E-Commerce.
Unicorns- Billion Dollar Startups
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.
Latest Cars24 News
Nov 28, 2022
Zoomcar onboards Cars24's Naveen Gupta as country head for India SECTIONS By Rate Story Naveen Gupta, Country Head India, Zoomcar Zoomcar , a car-sharing marketplace, has brought on board Naveen Gupta as their vice-president and country head for India. In his new role, Gupta will be responsible for all aspects of growth , operations , and customer experience for the company in India. Gupta has over 11 years of global experience in the automotive and e-commerce industry; he has built a marketplace from scratch, handled P&L for mature businesses and managed high-performance teams, growth and expansion, Zoomcar said. He has previously worked with Hero MotoCorp , redBus, Swiggy and Cars24. “We’re thrilled to announce Naveen as our country head for India,” said Greg Moran, CEO and co-founder of Zoomcar. “Naveen’s diverse skill sets and seasoned leadership will play an instrumental role in continuing to scale the India business. I am confident that in his new role he will help excellently position the company as we scale our marketplace pan-India.” Speaking on the occasion, Gupta said, “I am very excited to be leading the company's India business at this important stage of its growth. We’re currently sitting on the cusp of a dramatic transformation within personal mobility , and I look forward to working closely with Greg and the broader Zoomcar team to help the company reach new heights." Discover the stories of your interest About half a dozen global apparel and lifestyle brands expanded anywhere between 30% and 70% to garner combined annual revenues of nearly $2 billion in FY22, reversing the performance from a year ago when Covid-induced curbs on mobility and business operations caused sales to shrink. Read More News on
Cars24 Web Traffic
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 10th Floor, Tower B, Unitech Cyber Park, 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, Alpha Wave Global, Tencent Holdings and 28 more.
Who are Cars24's competitors?
Competitors of Cars24 include Kavak, Carvana, Cazoo, Carsome, Spinny and 8 more.
Compare Cars24 to Competitors
Spinny is an online-to-offline platform for used car buyers in India that allows users to select cars online and book a test drive at a Spinny Car Hub.
CarDekho is an Indian auto portal that helps its users with car research, finance, insurance, used cars and any other aspect of car buying and selling. The company has tie-ups with many auto manufacturers, car dealers and numerous financial institutions to facilitate the purchase of vehicles.
Droom is an online marketplace for buying and selling new and used automobiles. Droom has built-in tech and data science tools to create an entire eco-system around used automobiles.
Chehaoduo is the operator of Guazi, an online C2C used-car trading platform, and Maodou, a new car eCommerce platform. The company was founded in 2015 and is based in Beijing, Beijing.
carwow is a used car marketplace that helps users choose what new car to buy. The platform allows consumers to compare offers online and buy directly from trusted dealers that are registered with the platform, specifically avoiding the arduous but otherwise necessary requirement to haggle over price and in a way that potentially introduces a lot more transparency. carwow was founded in 2013 and is based in London, England.
Shanyi Shanmei Technology, dba RenRenChe, is a Beijing-based used-car online transaction platform.
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