CARS24
100X Mobility
Gurugram, India · Founded 2015 · $750.0M raised
- Headquarters
- Gurugram, Haryana
- Employees
- 5001–10000
- Founded
- 2015
- Business Model
- Marketplace
- Website
- cars24.com
- Total Funding
- $750.0M
- Last Round
- $300.0M Series G+Dec 2021
- Rounds
- 2
About
CARS24 is India's largest auto-tech company and one of the world's leading online used car marketplaces, founded in 2015 by Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Agarwal. The platform enables individuals and businesses to buy, sell, and finance pre-owned vehicles through a digital-first process involving AI-powered price discovery, inspections, and instant payment — all without the friction of traditional dealerships. CARS24 operates across India, Thailand, Australia, and the UAE, with over 202 branches across 73 cities in India and more than 10,000 channel partners across 230 cities. The company has transacted over 1 million cars, serves 300 million+ users globally, generates over $1 billion in revenue, and has saved over 16 million tonnes of CO2 by extending the life of pre-owned vehicles.
Summary
CARS24 is an Automotive company based in Gurugram, India, founded in 2015. It has raised $750.0M in total across 2 rounds, most recently a $300.0M Series G+ round in Dec 2021.
Tech & App Stack
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Funding History
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Dec 2021
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Series F through Series G+ — per-round amounts, valuations, and who invested in each round.
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