CARS24
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | N/A | $7.7m | Seed |
* | N/A | $27.2m | Series A |
N/A | N/A | Seed | |
$50.0m | Series C | ||
N/A | $11.0m Valuation: $656m | Early VC | |
* | $100m | Series D | |
INR100m | Debt | ||
$200m Valuation: $1.0b | Series E | ||
$13.5m | Debt | ||
$340m Valuation: $1.8b | Series F | ||
N/A | $110m | Debt | |
* | $300m Valuation: $3.3b | Series G | |
* | N/A | $100m | Debt |
* | N/A | $29.9m Valuation: $3.3b | Late VC |
Total Funding | AUD1.6b |
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EditCars24 is a leading online platform for buying and selling used cars in India. The company caters to individual consumers looking for verified second-hand vehicles and offers a seamless online experience. Operating in the Indian automotive market, Cars24 provides a comprehensive service that includes easy financing options, zero down payment, and same-day disbursal with minimal documentation. The business model revolves around facilitating the purchase and sale of pre-owned cars through an online platform, ensuring convenience and transparency for its customers. Revenue is generated through transaction fees, financing services, and value-added services such as vehicle inspections and documentation handling. Cars24 also offers a 7-day return policy, allowing customers to return their purchased vehicle for a full refund if not satisfied. The company serves a wide range of clients, from first-time car buyers to those looking to upgrade their existing vehicles. With a strong presence in major Indian cities like New Delhi, Mumbai, and Bengaluru, Cars24 has established itself as a trusted name in the used car market.
Keywords: used cars, online platform, easy financing, zero down payment, 7-day return, vehicle inspection, documentation handling, Indian market, pre-owned vehicles, customer convenience.