CARS24 raises $340M in Series F funding
CARS24 recently announced that it has raised $340 million in Series F funding. The round saw participation from Tony Xu (DoorDash), Scott Cutler (StockX), Michael Katchen (Wealthsimple), Officer Ankur Shah (Weee!), SASA Holdings, Aroa Ventures, Rohit Kapoor (Oyo), Alok Bansal (Policybazaar).
The platform will utilise the capital raised for national growth in product offerings,technological and data sciences-related advancement and global expansion.
CARS24 co-founder and CEO Vikram Chopra said, “Our growth is accelerating across geographies due to the global technology platform we have developed and the superior customer experience we deliver, which resonates with our customers around the world.”
CARS24 counts in its list of investors DST Global, Falcon Edge, SoftBank Vision Fund, Tencent, Moore Strategic Ventures, and Exor Seeds along with individual investors like M.S. Dhoni.
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