CARS24 CEO Confirms IPO Plans for 2026; Used Car Unicorn Eyes Dalal Street Debut
Used car marketplace CARS24 announces plans to go public within 6-12 months as the $1.3B-funded unicorn looks to become second auto-tech startup to list after CarTrade.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $1.3B |
| Stage | IPO |
| Sector | Cars24 |
| Coverage | Startup News |
Used car marketplace CARS24 has announced plans to go public on Indian stock exchanges within the next 6-12 months, according to CEO Vikram Chopra. The move would make CARS24 the second auto-tech startup to list publicly after rival CarTrade.
IPO Timeline
Key points from the announcement:
Business Expansion
CARS24 has diversified beyond used car transactions:
Financial Performance
In FY24, CARS24 reported:
Founded in 2015 by Vikram Chopra, Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal, and Chopra, the startup operates India's largest online marketplace for pre-owned vehicles with operations expanding internationally.
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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