Cars24 IPO

CARS24 is one of India’s leading auto-tech unicorns focused on used car buying, selling, financing, and vehicle ownership services. Founded in 2015, the company operates across India, UAE, and Australia, offering a digital-first platform for consumers to buy, sell, finance, and manage pre-owned vehicles seamlessly.

Backed by major investors including SoftBank, CARS24 has shown strong growth ahead of its expected IPO plans. The company reported a 27% year-on-year revenue growth in FY26 and significantly reduced its EBITDA losses while achieving its first adjusted EBITDA profitable quarter.

Multiple media reports suggest that CARS24 is preparing for a public listing within the next 6–12 months as it strengthens profitability, expands financing services, and evolves into a full-stack vehicle ownership ecosystem.

The company is also expanding beyond used-car transactions into services such as insurance, warranties, inspections, FASTag management, challan payments, and vehicle financing to build long-term recurring revenue streams ahead of its IPO.

Media Proof Links

• Economic Times – Cars24 plans IPO in next 12 months
  https://m.economictimes.com/tech/startups/cars24-plans-to-go-public-in-next-12-months-ceo-vikram-chopra/articleshow/126540476.cms
• Moneycontrol – Cars24 narrows losses ahead of IPO
  https://www.moneycontrol.com/news/business/cars24-narrows-fy26-adjusted-ebitda-loss-to-rs-200-crore-revenue-grows-27-cfo-shivanshu-makkar-13911618.html
• Economic Times – Cars24 revenue growth & profitability update
  https://economictimes.indiatimes.com/tech/technology/cars24-narrows-operating-losses-during-fy26-as-revenue-grows-27-ceo-vikram-chopra/articleshow/130882004.cms
• Angel One – Cars24 highlights IPO plans
  https://www.angelone.in/news/ipos/cars24-highlights-ipo-plan-as-it-launches-lifetime-warranty-for-used-cars