Announced
Completed
Financials
Sources
Tags
second-hand vehicles
Private Equity
Cross Border
Completed
Acquisition
Single Bidder
India
E-commerce
Venture Capital
Minority
Friendly
car marketplace
Private
Synopsis
DST Global, an Internet investment firms, led a $200m Series E round in Cars24, an Indian marketplace for second-hand vehicles, with participation from its existing investors Exor Seeds, Moore Strategic Ventures, and Unbound. “Traditionally, car selling or buying has been a tiresome process, however, over the last five years, we have strived to transform the customer's journey- 'the CARS24 way' that is hassle-free, safe and transparent,” Vikram Chopra, Cars24 Co-founder and CEO.
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