 "Cars24, car, reuse, resale")
India’s largest online marketplace for used cars, CARS24 Services, has closed a $450 million funding round that has almost doubled its valuation to $1.84 billion.
The funding includes a $340 million Series F equity round, coupled with $110 million debt from multiple financial institutions.
This is the biggest round for the six-year-old start-up, which also saw participation from Tencent and existing investors such as Moore Strategic Ventures and Exor Seeds. Existing investors like Yuri Milner’s DST Global and the US’s Falcon Edge also invested.
Last November, CARS24 raised $200 million in a series E funding round, which
The funding includes a $340 million Series F equity round, coupled with $110 million debt from multiple financial institutions.
This is the biggest round for the six-year-old start-up, which also saw participation from Tencent and existing investors such as Moore Strategic Ventures and Exor Seeds. Existing investors like Yuri Milner’s DST Global and the US’s Falcon Edge also invested.
Last November, CARS24 raised $200 million in a series E funding round, which
