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...