[Funding] Cars24 enters the unicorn club with $200 million funding led by DST Global
New Delhi, Nov. 25 -- Cars24 has now become a Unicorn startup. The company in a blog states that they have raised over $200 million Series E funding round led by DST Global. The round saw participation from existing investors; including Exor Seeds, Moore Strategic Ventures and Unbound at a valuation of over $1 billion. They will use this fund to invest aggressively in technology and product innovation. Further, the company aims to scale new business verticals. With annual transactions exceeding 2,00,000 units and a 4x increase in website engagement, the company has also already surpassed pre-COVID levels.
About Cars24
Cars24 is one of India's leading online transaction platform for pre-owned vehicles. Headquartered in Gurgaon, Cars24 ha...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.