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New Deal


Announced

Completed

DST Global, Falcon Edge Capital and SoftBank Vision Fund 2 led a $340m Series F funding round in Cars24.

Financials

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Transaction Value£247m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

Minority

E-commerce

car marketplace

second-hand vehicles

India

Cross Border

Single Bidder

Private

Venture Capital

Completed

Friendly

Synopsis

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DST Global, Falcon Edge Capital and SoftBank Vision Fund 2 led a $340m Series F funding round in Cars24, an e-commerce platform. Additional investors include Tencent, Moore and Exor Seeds. "With this investment, we will continue to penetrate into existing car, bikes and financing business in India while venturing into new overseas geographies this year," Vikram Chopra, Cars24 Co-founder & CEO.

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