Cars 24 Enters the Unicorn Club, Raises $200 million in Series E Funding

Cars24, India’s leading online marketplace for buying and selling used vehicles has joined the Unicorn club with a valuation of $1 billion. The Gurugram based startup has raised $200 million in a series E funding round led by DST global with contribution of existing investors including Exor Seeds, Moore Strategic Ventures and Unbound, making Cars24 the first Indian startup in the automotive sector to achieve the Unicorn status. With the new funds, the company plans to invest aggressively in new technology, product innovation, hire more talent and to scale new business verticals.

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