Cars24, a locally developed auto e-commerce platform, announced that it will hire more than 500 people in the upcoming three months to bolster its current staff. The company claims that its hiring efforts would be concentrated on both technical and non-technical roles. Positions have opened in the following departments: technology, product, data sciences, engineering, business, … Read more
Following Vedantu, Unacademy, and Meesho, Cars24, an upcoming IPO, has laid off about 600 staff in the last few weeks. Across divisions, the startup has primarily laid off people in lesser levels. According to the article, the company employed roughly 9,000 people before the layoffs. According to these people, layoffs have occurred across departments and … Read more
Pre-owned vehicle ecommerce platform Cars24 has raised $400 million in finance, which includes a $300 million Series G equity round and a $100 million debt round from a variety of financial institutions. Return investor Alpha Wave Global (previously known as Falcon Edge Capital) led the Series G equity financing, which included participation from other existing … Read more
According to media sources, Cars24, an online marketplace for selling used automobiles, is in advanced talks to raise a $250-300 million fundraising round led by its existing backer Falcon Edge. Vikram Chopra, Mehul Agrawal, Ruchit Agarwal, and Gajendra Jangid founded Cars24 in 2015, and it became a unicorn last year after a $200 million fundraising … Read more
According to papers with the Registrar of Companies, used automobile marketplace Spinny has collected Rs 1,849.45 crore ($248 million) from returning and new investors as part of its Series E round. The Gurugram-based business has now become the 39th unicorn, with a valuation of $1.7 billion. Abu Dhabi Growth Fund and Tiger Global, a returning … Read more
CARS24, India’s leading e-commerce platform for pre-owned vehicles and Poonawalla Fincorp Ltd (Formerly known as Magma Fincorp Limited), a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), have announced their strategic partnership for quick and seamless consumer financing on vehicles bought from CARS24. In this partnership, Poonawalla Fincorp Ltd will fulfill consumer loans originating through … Read more
