Used car unicorn CARS24 has acquired vehicle information and management platform CarInfo. This move enhances CARS24's ownership services beyond mere transactions, aiming to deepen user engagement. CarInfo will operate independently, supporting the startup's strategic push towards a potential public listing within 12-18 months.
CARS24 Expands Services with CarInfo Acquisition
Used car marketplace startup CARS24 has acquired vehicle information and management platform CarInfo. The deal aims to significantly bolster CARS24's vehicle ownership services, extending its reach beyond simply buying and selling cars.
CarInfo specializes in helping users easily find and manage crucial vehicle details such as insurance, pollution certificates, and challans. This consolidated approach addresses a common pain point for car owners dealing with scattered and hard-to-access information. Sahil Ajmani founded CarInfo in 2019.
By integrating CarInfo, CARS24 seeks to maintain higher user engagement. While car purchases are infrequent, managing paperwork and compliance is a recurring need. This acquisition builds a more comprehensive platform for vehicle owners within the CARS24 ecosystem.
CARS24 cofounder and CEO Vikram Chopra confirmed that CarInfo will continue to operate as a standalone application under the CARS24 umbrella. Chopra noted CarInfo's reach, stating it serves over 12 million users monthly for vehicle-related needs, emphasizing its sustained growth and dedicated team.
This marks CARS24's second acquisition in less than a year, following its purchase of automotive community platform Team-BHP in April 2025. The strategic acquisitions align with CARS24's preparation for a potential public listing, targeted within the next 12 to 18 months.
The company is capitalizing on India's rapidly growing used-car market. CARS24 has undergone significant operational restructuring, including cost reductions and a focus on its core platform, ahead of its IPO. Last August, the company secured INR 345.2 crore from its Singapore-based parent, Global Car Group Limited, for working capital and business enhancement, following an earlier INR 250 crore infusion from the same entity.
Founded in 2015, CARS24 operates an online marketplace for used cars and offers associated services like financing and insurance. The company has recently streamlined operations, closing non-core verticals such as its B2B spare parts platform Inspare and winding down consumer operations for its car servicing platform FourDoor and driver hiring service AutoPilot, which resulted in over 300 layoffs.
In FY24, CARS24 sold over 200,000 cars, reporting revenue of INR 6,917 crore, a 25% year-on-year increase. However, its net loss widened to INR 498 crore, attributed to investments in technology and customer experience.
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