Falcon edge - Latest News Update, Information, Photos & Videos on Falcon edge at Lokmat Times

New Delhi, Sep 20 CARS24, India's leading e-commerce platform for pre-owned vehicles, has closed a $450 million round of funding, including a $340 million Series F equity round alongside $110 million debt from diversified financial institutions.The Series F equity round was led by DST Global, Falcon Edge and SoftBank Vision Fund 2 along with participation from Tencent and existing investors Moore Strategic Ventures and Exor Seeds.With the latest investment, CARS24 plans to expand its global presence as well as further build its cars, bikes and financing business in India, while continuing to invest in technology that delivers the best customer experience possible.Speaking on the development, Vikram Chopra, Co-founder & CEO, CARS24 said: "With this investment, we will continue to penetrate into existing car, bikes and financing business in India while venturing into new overseas geographies this year."This funding comes just months after CARS24's expansion into the UAE and Australian markets.The company has already sold over 1000 cars in the UAE since the launch of its operations in April this year.CARS24 also officially announced its launch with a new campaign last week in Australia.CARS24 is the market leader in the online used car segment with over 90 per cent market share, and has clocked more than 13 million monthly traffic and over 4 lakh transactions till date.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Falcon Edge, NewsFOLLOW

Falcon edge, Latest News

Other Sports :Dream Sports raises $840 mn at $8 bn valuation (Ld with correction)

Mumbai, Nov 25 Homegrown sports tech platform Dream Sports has announced it has raised $840 million, led by ... ...

Technology :Ola acquires geospatial provider GeoSpoc to build new mobility maps

New Delhi, Oct 5 Cab-hailing platform Ola on Tuesday said it has acquired GeoSpoc, a leading provider of ... ...

Technology :Ola Electric raises over $200 mn, takes valuation to $3 bn

New Delhi, Sep 30 Electric vehicle (EV) manufacturer Ola Electric on Thursday announced that it has raised over ... ...

International :CARS24 raises $450mn, nearly doubles its valuation to $1.84bn

New Delhi, Sep 20 CARS24, India's leading e-commerce platform for pre-owned vehicles, has closed a $450 million round ... ...