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The four engines that propelled the rise of Cars24, India's latest unicorn

Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales

Topics
Cars24 | unicorn companies | Startups

Dhruv Munjal  |  New Delhi 

Cars24, car, reuse, resale
Cars24, in a short span of five years, has already achieved unicorn status

On reflection, Ruchit Agarwal, co-founder and chief financial officer of Cars24, wonders if they could have dreamt bigger. “The Indian used-vehicle market as a whole is worth $50 billion. When we started out in 2015, we didn’t realise that. Along the way, as we leapfrogged ahead, we came to the conclusion that we had underestimated the scale,” he says.

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First Published: Fri, November 27 2020. 06:10 IST
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