side-banner

Cars24 to raise $350 Mn; plans to go IPO in 18-24 months

Shortpedia

Content Team
Image Credit: shortpedia

Gurugram-based online used car marketplace Cars24 is in talks to raise $350 Mn from DST Global, Masayoshi Son’s SoftBank, and Falcon Edge Capital, among others. The said investment will value Cars24 around $2 Bn. The startup is likely to close the deal within a couple of weeks. Cars24 will become second automobile classified platform to go for IPO after CarTrade