Cars24 is India’s latest unicorn with $200 million funding round led by DST Global

Second-hand cars selling company CARS24 raised $200 million Series E funding round led by DST Global, existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound also participated.

Investment to be deployed towards technology and product innovation apart from scaling new business verticals.

The company is the latest addition to the growing list of unicorns in India with its valuation crossing the hallowed $1-billion mark & claims of surpassing the pre-Covid business level with annual transactions exceeding 2,00,000 units with a 4X jump in website engagement.