Cars24 received Rs 312cr from Global Car Group
Image Credit: shortpedia
Used cars buying platform Cars 24 has received equity tranche of Rs 311.72 crore from its parent entity Singapore-based Global Car Group. In September 2019, Cars24 has kicked off its Series D round where it has raised $52 million from KCK FZE and others. The four-year-old company operates across India in 50 cities via 176 branches. With the new funding, the company is planning to expand in 200 cities by 2020.