Cars24

Active#16 in India

Used-car marketplace

Mobility›used-car marketplace

Founded2015

HQGurugram

RaisedUSD >1bn (incl. debt)

Last roundSeries G · Dec 2021

Country of originIndiaListed in the India ranking

Where would you invest?HQ Gurugram; operations in India, the UAE and AustraliaJurisdiction as cited by the ranking

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
India · all sectors	Top 50	#16	Edition 0 – beta · October 2026	2 Jan 2027

Rank historyOct 2026 · #16First edition: no movements yet.

Estimated valuation

AI · India ranking

≈ USD 1.5bnUSD 1–2.3bn · Unicorn Medium confidence

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Anchor: Last known equity round: Series G · USD 300M · Dec 2021
Published valuation: USD 3.3bn · Dec 2021 · older than 24 months, shown for reference
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

USD >1bn (incl. debt) raised in total

Date	Round	Amount	Type	Investors	Source
Dec 2021	Series G	USD 400M (about USD 300M equity)	Equity	Alpha Wave	entrackr.com

Rounds as cited by Uback’s rankings and their sources. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Cars24 as a PDF, on one of three angles only:

ValuationWhat is Cars24 worth?

Versus competitorsIs #16 the right rank?

Who should acquire itStrategic buyers, and why

Publish an analysisName, role and LinkedIn shown · public sources only

Analyses are the opinion of their authors, not of Uback. They are checked before publication and never change the rank.

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BackersBelow threshold

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What the AI reads

Press & investor announcements1 source

Read by the AI at the next edition.

Comparable companies in India

Full India ranking →

Rapido#7Mobility › bike taxis and ride-hailingUnicorn Spinny#17Mobility › used-car retailUnicorn CarDekho#28Mobility › car classifieds and financingUnicorn upGrad#15Edtech › higher education and upskillingUnicorn

Investors in Cars24: Alpha Wave Global

Sources. entrackr.com

Last updated: Oct 2026Report an error

Uback is a content publisher. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.