Cars24 Limited
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NSE/BSE
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.
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