News > Cars24 raises nearly half a billion dollars, doubles it valuation to $1.84 billion

Cars24 raises nearly half a billion dollars, doubles it valuation to $1.84 billion

Cars24 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.