Startup Atlas · Auto-tech

CARS24 Unicorn

Cars24 Services Private Limited ● Gurugram, Haryana ● Founded 2015 ● cars24.com ↗
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: Funding Rounds

0100200300400500$MSeries A: $14.8M15Nov '15Series B: $27.2M27Series C: $50M50Mar '18Series C (extension): $9.3M9.3Series D: $100M100Aug '19Series F (equity + debt): $450M450Series G (equity + debt): $400M400Dec '21Corporate / equity investment: $29.8M30Corporate / equity investment (parent-to-subsidiary, 2nd tranche): $40M40Jul '25

Disclosed round amounts over time, USD millions.

Date Round Amount Investors Source
21 Jul 2025 Corporate / equity investment (parent-to-subsidiary, 2nd tranche) INR 345.2 crore Global Car Group Limited (Singapore-based parent) source
27 Jul 2024 Corporate / equity investment INR 250 crore Global Car Group Limited (Singapore-based parent) source
19 Dec 2021 Series G (equity + debt) $400M total ($300M equity Series G + $100M debt) Alpha Wave Global Alibaba DST Global Exor Seeds Moore Strategic Ventures Raptor Group SoftBank Vision Fund 2 Tencent source
20 Sep 2021 Series F (equity + debt) $450M total ($340M equity Series F + $110M debt) SoftBank Vision Fund 2 DST Global Exor Seeds Falcon Edge Capital Moore Strategic Ventures Tencent source
13 Aug 2019 Series D $100M Exor KCK Moore Strategic Ventures Sequoia Capital India Unbound source
10 Oct 2018 Series C (extension) $9.3M Exor source
16 Mar 2018 Series C $50M KCK Global Limited Sequoia Capital India source
18 Aug 2017 Series B $27.2M KCK Global Limited source
25 Nov 2015 Series A $14.8M Kingsway Capital source

CARS24: Investors

Global Car Group Limited (Singapore-based parent) Alpha Wave Global Alibaba DST Global Exor Seeds Moore Strategic Ventures Raptor Group SoftBank Vision Fund 2 Tencent Falcon Edge Capital Exor KCK Sequoia Capital India Unbound KCK Global Limited Kingsway Capital

Acquisitions

DateAcquirerAcquiredAmountSource
11 Mar 2026 CARS24 Vehicle Info undisclosed source
5 Jan 2026 CARS24 CarInfo Rs 118 crore source
23 Apr 2025 CARS24 Team-BHP undisclosed source

FAQs on CARS24

How much funding has CARS24 raised?

CARS24 has raised $1.12 Bn across 9 tracked funding round(s), most recently on 2025-07-21. Figures are compiled from cited public sources.

Who are the investors in CARS24?

Investors in CARS24 include Global Car Group Limited (Singapore-based parent), Alpha Wave Global, Alibaba, DST Global, Exor Seeds, Moore Strategic Ventures, Raptor Group, SoftBank Vision Fund 2.

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