Indian online used-car marketplace handling inspection, valuation, sale, and financing of pre-owned vehicles.
cars24.comFounded
2015
Headquarters
Gurugram, Haryana, India
Industry
Online used-car marketplace and auto-tech
Employees
5,001 to 10,000
CEO
Vikram Chopra, Co-founder & Group CEO
CFO
Ruchit Agarwal, Co-founder & Group CFO
Revenue (FY25)
Rs 6,233 crore gross operating revenue (India entity)Parent company
Global Car Group (Singapore)
Website
cars24.com
CARS24 is an Indian online marketplace for buying and selling used cars, founded in 2015 by Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Agarwal. The company is headquartered in Gurugram, Haryana, and operates through the legal entity Cars24 Services Private Limited (CIN U74999HR2015FTC056386). Its platform handles vehicle inspection, online valuation, auction, retail sale, financing, and insurance for pre-owned cars.
The company runs a privately held business that has expanded beyond India into the United Arab Emirates, Australia, and Thailand since 2021. It employs in the range of 5,001 to 10,000 people according to its LinkedIn profile and positions itself as one of India's largest auto-tech companies. CARS24 reached unicorn status and remains unlisted, with its founders publicly signalling preparation for a future IPO.
For FY25, the India entity reported gross operating revenue of about Rs 6,233 crore, a 10 percent drop from Rs 6,910 crore in FY24, with net loss widening to Rs 543 crore. Vikram Chopra continues as Group CEO and Ruchit Agarwal as Group CFO, while co-founders Mehul Agrawal and Gajendra Jangid have stepped back from day-to-day operating roles into board and strategic involvement.
Co-founder & Group CEO
Co-founder & Group CFO
Co-founder, brand and product (stepped back as CMO)
Co-founder & board member (stepped down as COO)
Interview experience
7 out of 10
Interview difficulty
Medium
Interview process length
About a week
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June 8, 2026
Infosys CFO Jayesh Sanghrajka joins Cars24 board as independent director
IPO-bound Cars24 appointed Infosys CFO Jayesh Sanghrajka to its board as an independent director. He had served on the company's audit committee since 2021.
#Leadership #Board #IPO
View postJune 1, 2026
Cars24 launches Cars24 Labs with $20 million AI commitment
Cars24 committed $20 million to Cars24 Labs, its build, partner, and invest arm for AI, working with OpenAI, AWS, and ElevenLabs. CEO Vikram Chopra called it the biggest bet the company has made.
#AI #Cars24Labs #Innovation
View postMarch 11, 2026
Cars24 acquires automotive utility app Vehicle Info
Cars24 acquired Vehicle Info, a vehicle-ownership utility app offering RTO data, challan payments, insurance checks, and service history. It was the company's third acquisition within a year after CarInfo and Team-BHP.
#Acquisition #VehicleOwnership #Expansion
View postJanuary 15, 2026
Cars24 H1 FY26 revenue rises to Rs 651 crore, eyes IPO in 6 to 12 months
Cars24 reported adjusted net revenue of Rs 651 crore in H1 FY26, up 18% year on year, with its EBITDA loss narrowing 36%. CEO Vikram Chopra said the company plans an India IPO within 6 to 12 months.
#IPO #Financials #Growth
View postAugust 23, 2025
Cars24 raises Rs 345 crore from Singapore-based parent
Cars24 raised about Rs 345.2 crore from its Singapore-based parent Global Car Group, its second infusion within a year. The capital was earmarked for working capital and strengthening core offerings ahead of a planned IPO.
#Funding #IPO #Capital
View postCars24 runs an online marketplace for buying and selling used cars. Its platform handles vehicle inspection, valuation, auction, retail sale, financing, and insurance for pre-owned cars.
