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The Series F equity round was led by DST Global, Falcon Edge and SoftBank Vision Fund 2, and assistance from Tencent and existing investors Moore Strategic Ventures and Exor Seeds.
Cars24 is planning to initial public offering in the next 18 to 24 months. Reports claim India’s IPO market is surging. While another IPO company is to equivalent its shares in trading by August 20.
CARS24, E-commerce for transaction of pre-owned and second hand cars said the number of customers selling cars due to liquidity crunch has doubled as compared to pre-corona times. It will now give loans to those customers who do not wish to sell their cars otherwise.