India: Cars24 turns unicorn with $200m funding led by DST Global

India: Cars24 turns unicorn with $200m funding led by DST Global

Photo: Reuters

Cars24, which offers a tech-enabled platform to customers to buy and sell pre-owned vehicles, has raised $200 million in its Series E round, taking the company’s valuation to over $1 billion. With this fund-raise, the startup joined the unicorn club, and claimed it is the only startup in the mobility sector to achieve a unicorn valuation.