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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.
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CARS24, un unicornio de facturación de $1 mil millones, planea la OPI para el crecimiento y expansión del mercado de automóviles usados de la India.