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CARS24 valuation soars to $1.8 billion after raising $450 million

Fundraise includes Series F equity round of $340 mn, debt of $110 mn

Topics
Cars24 | used cars | valuation

Arindam Majudmer  |  New Delhi 



Cars24, car, reuse, resale
Last November, CARS24 raised $200 million in a series E funding round, which valued it at over $1 billion and made it the first unicorn in India’s auto space.

India’s largest online marketplace for used cars, Services, has closed a $450 million funding round that has almost doubled its to $1.84 billion.

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First Published: Mon, September 20 2021. 23:03 IST

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