Cars24, a leading e-commerce platform for pre-owned vehicles has collaborated with Bajaj Finance Ltd., to lift the veil from used car financing and facilitate a quick, frictionless and streamlined shopping experience.
This move follows a Series G funding round announced in December 2021 where the firm raised $400 million at a $3.3-billion valuation. While the consumer demand for pre-owned vehicles is skyrocketing, the consumer financing penetration in the Indian used cars industry stands at only about 15 per cent. Realizing the key role financing plays when investing in a car, Cars24 and Bajaj Finance Ltd., are enabling consumers by improving their financial flexibility and providing greater accessibility of owning a car.
“Cars24 is poised to rewrite the industry rules. We