What's the news?
The ecommerce platform for pre-owned vehicles, Cars24, has raised a total of $450 Mn at the valuation of $1.84 Bn. The company stated that the Series F equity round was led by DST Global, Falcon Edge, and SoftBank Vision Fund 2, along with participation from Tencent and existing investors Moore Strategic Ventures and Exor Seeds.
More to know
CARS24 in on a way to transform the way consumers buy and sell cars by leveraging technology at every leg of the consumer journey to solve genuine pain points and deliver a seamless experience. CARS24 aims to now expand its global presence as well as further build its cars, bikes, and financing business in India, while continuing to invest in technology that delivers the best customer experience possible.