@cars24.com
CARS24 is a next generation ecommerce platform for pre owned cars.
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CARS24 is a prominent Indian company specialized in the buying and selling of used cars. Founded in 2015 by Vikram Chopra, Mehul Agrawal, and Ruchit Aggarwal, the company operates primarily in the Indian market. The headquarters of CARS24 is located in Gurugram, Haryana, India.
The company has witnessed rapid growth since its establishment and has expanded its presence across various cities in India. It offers a hassle-free experience for customers looking to buy or sell used cars, ensuring transparency and convenience throughout the process. CARS24's main service is facilitating the buying and selling of used cars through its online platform and physical store network.
Customers can easily sell their cars to CARS24, which conducts a thorough inspection and provides an instant payment for the vehicle. On the other hand, buyers can choose from a wide variety of certified used cars with detailed specifications and history reports available on the website. Although CARS24 primarily operates in India, it has yet to expand its operations on a global scale.
As of now, the company does not have any subsidiaries, joint ventures, or partnerships of significant importance. In terms of its market position, CARS24 has emerged as a leader in the Indian used car market. The company has not disclosed its global sales figures, but it has gained a substantial market share within India due to its customer-centric approach and streamlined processes.
CARS24 faces competition from other players in the Indian used car market like CarDekho and OLX Autos. In recent years, CARS24 has experienced significant growth and garnered attention from investors. The company has landed several funding rounds, including a notable investment from DST Global in 2021.
These investments have enabled CARS24 to further expand its operations and strengthen its position in the market. As of the latest updates, CARS24 continues to expand its presence across India. The company is focused on improving the customer experience by leveraging technology and innovation.
It remains committed to transforming the used car industry in India with its transparent and trustworthy approach. In conclusion, CARS24 is an Indian company headquartered in Gurugram, India, that specializes in buying and selling used cars. It has gained a significant market position in India and continues to expand its operations.
While it primarily operates in India, CARS24 has yet to make a global presence. The company aims to provide a hassle-free experience for customers and has received various investments to support its growth and development
Company Type
Privately Held
Company Size
5001-10,000
Year Founded
2015
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