CARS24 raises $450M in Series F funding round

CHENNAI: Auto unicorn CARS24, India’s leading e-commerce platform for pre-owned vehicles, has announced the closing of a $450M round of funding including a $340M Series F equity round alongside $110M debt from diversified financial institutions.

The Series F equity round was led by DST Global, Falcon Edge and SoftBank Vision Fund 2* along with participation from Tencent and existing investors Moore Strategic Ventures and Exor Seeds. With the latest investment, CARS24 will expand its global presence as well as further build its cars, bikes and financing business in India, while continuing to invest in technology that delivers the best customer experience possible.