CARS24
Gurugram, Haryana, India · Information Technology, information technology & services, Software
CARS24 is one of India’s largest auto-tech companies with a bold vision to grow 100x in the next five years and build a $300 billion enterprise. By harnessing cutting-edge technology, CARS24 is revolutionizing mobility with a focus on scale, simplicity, and sustainability—empowering customers and driving industry-wide transformation across the automotive ecosystem in India and beyond.
Key facts
- Headquarters
- Gurugram, Haryana, India
- Employees
- 6,000
- Industries
- Information Technology, information technology & services, Software
- Status
- Private
- Website
- cars24.com
- Company page
Recent activity at CARS24
- : Cars24 Appoints Chris Sponiar as Head of Australia Business
- : CARS24 Elevates Shivanshu Makkar as Chief Financial Officer
- : Cars24 acquires Team-BHP to enhance auto ecosystem
- : India’S Cars24, A Used-Vehicle Sales Platform, Raises $400M, Now At A $3.3B Valuation, To Double Down On Growth
- : Used Vehicle Seller Cars24 Raises New Financing As Valuation Jumps To $3.3 Billion
- : Cars24 Raises $450 Million Funding; Valuation Nearly Doubles To $1.84 Billion
CARS24 funding history
| Date | Round | Amount |
|---|---|---|
| Dec 2021 | Funding Round | $400.0M |
| Dec 2021 | Funding Round | Undisclosed |
| Sep 2021 | Funding Round | $450.0M |
Leadership
- Chris Sponiar, Chief Executive Officer
- Shivanshu Makkar, Chief Financial Officer
- Gajendra Jangid, Founder
Verified email and direct lines for CARS24 ’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
CARS24 in the news
- How Cars24 scales conversations and builds faster with OpenAI - OpenAI (Jul 16, 2026)
- CARS24 Alleges 3,100 Customer Records Stolen and Sold for ₹1,000 Per Lead - Cyber Press (Sep 05, 2026)
- Chris Sponiar to Lead Cars24 Australia - Business Wire (Aug 13, 2026)
- Cars24 expects to be eligible to file DRHP by April: CFO Shivanshu Makkar- Moneycontrol.com - LinkedIn (Sep 27, 2026)
- Cars24 Launches Enterprise AI Company Deployment Inc, Invests $5 Mn - Inc42 (Aug 10, 2026)
- Cars24 annualised transaction GMV crosses ₹11,000 crore as profitable growth and AI-led operating leverage - The Economic Times (Sep 11, 2026)
- Cars24 commits $20 million to Cars24 Labs as IPO plans gather pace - Indian Startup News (Jun 01, 2026)
- Cars24 Revenue 2023: $930M, $1.2B Raised - GetLatka (Nov 04, 2025)
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About CARS24 : questions and answers
What does CARS24 do?
CARS24 is one of India’s largest auto-tech companies with a bold vision to grow 100x in the next five years and build a $300 billion enterprise. By harnessing cutting-edge technology, CARS24 is revolutionizing mobility with a focus on scale, simplicity, and sustainability—empowering customers and driving industry-wide transformation across the automotive ecosystem in India and beyond.
Where is CARS24 headquartered?
CARS24 is headquartered in Gurugram, Haryana, India.
How many employees does CARS24 have?
CARS24 has about 6,000 employees.
Has CARS24 raised funding?
Yes. Fundz has recorded 3 funding events for CARS24 . The most recent, Funding Round of $400.0M, was in Dec 2021.
Who leads CARS24 ?
Chris Sponiar is a Chief Executive Officer at CARS24 .
What is the latest news on CARS24 ?
On Aug 13, 2026, Cars24 Appoints Chris Sponiar as Head of Australia Business
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy