CARS24, a $1bn turnover unicorn, plans IPO for India's used-car market growth and expansion.
CARS24, a unicorn startup with $1bn turnover, plans an IPO to tap growth in India's used-car market, which is predicted to reach $100bn in the next decade. Co-founder Gajendra Jangid announced the move, stating that the company will use the funds to expand further. CARS24 is also working on a superapp to consolidate car-related services such as financing, repairs, and insurance, and plans to add new car sales to its platform.
8 months ago
4 Articles
You have 8 free stories remaining this month. Subscribe anytime for unlimited access.