InvestorQ : How does Cars24 plan to use the latest round of funds it has raised?
Deepa Salunkhe made post

How does Cars24 plan to use the latest round of funds it has raised?

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Arya Nanda answered.
2 months ago
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Cars24, which runs India’s largest online marketplace for used cars, has just closed a $450 million funding round including $340 million Series-F equity and $110 million debt. The equity funding was led by DST Global, Falcon Edge and Softbank while Tencent participated. Cars24 will use the money to expand into the UAE and Australian markets. With its unique end-to-end digital shopping and transaction experience, Cars24 is valued at $1.85 billion.

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