India, Jan. 15 -- Amid the ongoing startup IPO boom, used car marketplace CARS24's cofounder and CEO Vikram Chopra said the startup is looking to go public in the next six to twelve months.

Without sharing details about the size of the public issue or the valuation that CARS24 would target, Chopra highlighted significant improvements in the startup's financial health to support its bid to crack the $200 Bn used car market.

In a post on LinkedIn, Chopra said the startup's adjusted net revenue in the first half (H1) of FY26 rose 18% YoY to INR 651 Cr. The improvement in the top line helped the startup trim its adjusted EBITDA loss by 36% YoY to INR 162 Cr.

"We expect this to accelerate further: H2 FY26 is on track for INR 750 Cr, up 35% ...