CARS24 Acquires CarInfo To Strengthen Used Car Ecosystem
Strategic acquisition brings vehicle history data and analytics capabilities to India's largest used car platform.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $100B |
| Sector | Cars24 |
| Coverage | Startup News |
CARS24, India's leading used car marketplace, has acquired CarInfo, a vehicle data and analytics platform, in a strategic move to strengthen its ecosystem.
Deal Details
While financial terms weren't disclosed, the acquisition gives CARS24:
Why CarInfo?
CarInfo's platform provides:
For Buyers
For CARS24
Market Context
India's used car market is:
Integration Plans
CARS24 will:
"This acquisition makes us the most transparent used car platform in India," said CARS24's CEO. "Buyers will have complete confidence in every purchase."
The company has raised over $900 million and operates in India, Australia, and the Middle East.
Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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