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New Deal


Announced

Completed

DST Global led a $200m Series E round in Cars24.

Financials

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Transaction Value£151m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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second-hand vehicles

Private Equity

Cross Border

Completed

Acquisition

Single Bidder

India

E-commerce

Venture Capital

Minority

Friendly

car marketplace

Private

Synopsis

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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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