Recent events
Recent events tied to this brand in public sources.
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2026
Cars24 launches Deployment Inc enterprise AI company with $5 million investment
Cars24 announced the launch of Deployment Inc, an independent enterprise AI company that will help organisations design, implement and operate AI systems across critical business workflows. Cars24 is investing an initial $5 million in Deployment Inc and will become its first customer.
2026
Cars24 acquires CarInfo
Used car marketplace Cars24 acquired vehicle information platform CarInfo, which will continue to operate as a standalone app with its existing team. Financial terms were not disclosed.
2021
CARS24 raised $400 million in funding
CARS24 said it raised $400 million, comprising a $300 million Series G equity round and $100 million in debt from financial institutions. The company said the investment would support global expansion and strengthen its position in India.
2021
CARS24 raises $20 million in UAE debt funding
CARS24 raised Dh75 million ($20 million) in local debt funding from Commercial Bank of Dubai to support its operational expansion in the UAE.
2021
Cars24 partners with The Quiet Company to create Car Couch
Cars24 announced a partnership with The Quiet Company to create a car couch for an online used-car buying destination.
2021
Cars24 launches Car Couch prototype
Cars24 launched a technology-enabled Car Couch prototype for online used-car buying in Australia; the company said it planned to make the prototype available for trial in select locations in 2022.
2021
Cars24 raises $450 million
Cars24 raised $450 million in a funding round led by SoftBank Vision Fund II, Falcon Edge and existing investor Yuri Milner's DST Global. The round included a $110 million debt component.
2021
CARS24 launches online car retailing in Australia
CARS24 launched its online used-car retail service in Australia, allowing customers to buy cars from home and have them delivered.
2021
CARS24 appoints CEO for its cars vertical in India
CARS24 appointed Kunal Mundra as CEO of its cars vertical in India, in a newly created role.
2020
CARS24 launches “Duniya Boli Lagayegi” campaign
CARS24 launched the “Duniya Boli Lagayegi” campaign to highlight its buyer network and bidding system; the ad film was released on television and the company's social media pages.
2019
Cars24 launches used-car retail service
Cars24 began allowing customers to buy used cars on its platform, adding a retail service to its existing mobile auction platform. The service was available across 30 cities in India.
2019
Cars24 begins selling used cars in India
Cars24, which had previously bought used cars from customers, began selling used cars, with inventory available in more than 30 cities across India.
2019
CARS24 raises $100 million in Series D funding
Used-car business CARS24 announced that it raised $100 million in Series D funding. The reported participants in the round include KCK, the Agnelli family, Sequoia India, Unbound, and Moore Strategic Ventures.