Startup Atlas · Auto-tech
CARS24 Unicorn
Vikram Chopra · Co-founder & CEO
Mehul Agrawal · Co-founder; COO until stepping down from the operating role in April 2026, remains on the board
Gajendra Jangid · Co-founder & CMO; transitioned to an advisory/brand role in 2026
Ruchit Agarwal · Co-founder & CFO
$1.12 BnTotal funding (tracked)
9Funding rounds
21 Jul 2025Last round
CARS24: Financial Breakdown
Figures below are FY25, consolidated basis, compiled from filings and disclosures — every year cited to its source.
Total income Rs 6,358 Cr (incl. Rs 125 Cr non-operating), down from Rs 6,910 Cr FY24. Auction/retail sales -11% YoY to Rs 5,733 Cr; financial services income Rs 215 Cr.Total revenue · -5.1% YoY
Total expenditure Rs 6,898 Cr, down from Rs 7,488 Cr FY24 (car procurement Rs 5,555 Cr, ~81% of total; employee benefits Rs 604 Cr, +15% YoY; marketing Rs 106 Cr, -25% YoY)Total expenses
EBITDA margin -6.77% (no absolute Rs crore figure disclosed in source); ROCE -21.13%EBITDA
Net loss Rs 543 Cr, up 9% YoY from Rs 498 Cr in FY24Net loss · loss widened 12.5% YoY
Revenue by fiscal year
Net profit / loss by fiscal year
Bars below the line are a net loss for that year.
| Fiscal year | Revenue | Total expenses | EBITDA | Net profit / loss | Source |
|---|---|---|---|---|---|
| FY25 | Total income Rs 6,358 Cr (incl. Rs 125 Cr non-operating), down from Rs 6,910 Cr FY24. Auction/retail sales -11% YoY to Rs 5,733 Cr; financial services income Rs 215 Cr. | Total expenditure Rs 6,898 Cr, down from Rs 7,488 Cr FY24 (car procurement Rs 5,555 Cr, ~81% of total; employee benefits Rs 604 Cr, +15% YoY; marketing Rs 106 Cr, -25% YoY) | EBITDA margin -6.77% (no absolute Rs crore figure disclosed in source); ROCE -21.13% | Net loss Rs 543 Cr, up 9% YoY from Rs 498 Cr in FY24 | source |
| FY24 | Operating revenue Rs 6,917.1 Cr, up 25% YoY from Rs 5,529.6 Cr in FY23 (core car-selling: Rs 6,400 Cr; financial/ancillary: ~Rs 500 Cr). Also rounded to Rs 6,910 Cr elsewhere. | Total expenditure Rs 7,488 Cr, up 23.72% YoY from Rs 6,052 Cr in FY23 | Adjusted EBITDA loss improved 19% to Rs 319 Cr (also cited Rs 318.8 Cr) from Rs 392 Cr in FY23 | Net loss Rs 498.4 Cr, up 7% YoY from Rs 467.7 Cr in FY23 | source |
| FY23 | Revenue from operations Rs 5,535 Cr, up 7.8% YoY from Rs 5,136 Cr | Total expenses/expenditure Rs 6,058 Cr (Inc42's FY24 article cites Rs 6,052 Cr for FY23) | EBITDA margin -5.04% per source (verification found the previously-cited Rs 337.6 Cr/-6% figures unsupported by cited source; no absolute Rs Cr disclosed) | Net loss Rs 468 Cr (also cited precisely as Rs 467.7-467.8 Cr), down 57.2% YoY | source |
| FY22 | Revenue from operations Rs 5,136 Cr (also cited as Rs 5,136.5 Cr), up ~87% YoY vs FY21 | Total expenses Rs 6,256 Cr (also cited as Rs 6,256.3 Cr) | EBITDA margin -18.83% per source (verification found the previously-cited Rs 997.7 Cr/-19% figures unsupported by cited source; no absolute Rs Cr disclosed) | Net loss Rs 1,094 Cr (PBT loss cited precisely as Rs 1,093.1 Cr) | source |
| FY21 | Operating revenue Rs 2,717.9 Cr (US$371.3 Mn), down 12.6% YoY from Rs 3,108.8 Cr in FY20 | Annual costs Rs 2,963.14 Cr (US$404.8 Mn), down 14.2% YoY | EBITDA margin improved 201 bps to +6.61% (no absolute Rs crore figure disclosed in source) | Net loss reduced 29% to Rs 211.3 Cr (US$28.87 Mn); accumulated losses of Rs 1,054.3 Cr as of 31 Mar 2021 | source |
Nothing here is blurred or gated — every figure Atlas has is shown in full, free.
Sources & corrections.
Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: tracxn.com · Last verified 7 Sep 2026. · Report a correction