Cars24 raised Rs 10 cr from Vivriti Capital

Cars24 Financial Services Pvt Ltd, a subsidiary of Cars24 Services Pvt Ltd raised debt funding of Rs 10 crore from Vivriti Capital, will use funds to lend to small dealers & consumers across 50 cities

Cars24 Financial provide seamless and instant access to credit, it provides consumers with quick and easy loan plans, one-day disbursal, 100% buy back guarantee and zero prepayment charges.

“Our lending business has witnessed a tremendous growth trajectory in past one year. We have successfully disbursed INR 400 Cr to dealers and customers, " said Ruchit Agarwal, co-founder and chief financial officer, Cars24.

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