Online platform to sell second-hand cars CARS24 has raised a $200 million Series E funding round led by DST Global with participation from existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound. The company is the latest addition to the growing list of unicorns in India with its valuation crossing the hallowed $1-billion mark in the current round. The investment will be deployed towards technology and product innovation apart from scaling new business verticals, the company said on Monday. It claimed surpassing the pre-Covid business level with annual transactions exceeding 2,00,000 units along with a 4X jump in website engagement.
