Understand any stock in simple English
Enter a ticker to learn what the company does and how it makes money.
Cars24 buys used cars and motorbikes from owners and sells them online to consumers and dealers in India.
Cars24 is an online marketplace for used cars and motorbikes in India. Instead of scrolling through classified ads and meeting strangers to kick tires, a seller can hand the car to Cars24, get paid quickly, and walk away. A buyer can browse inspected cars on the app, pick one, and have it delivered to the door.
The core of the business is taking the mess out of a messy market. Buying a used car in India has traditionally meant haggling with individual sellers, trusting a mechanic's word, and wrestling with paperwork. Cars24 buys the vehicle directly, checks and reconditions it, handles the ownership transfer, and offers buyers things like a warranty and a short return window. That trust is what people are paying for, and it is why the brand has become a household name in Indian used cars. The company also runs a dealer-to-dealer side, where smaller used-car lots buy and sell inventory through the platform. Cars24 began in 2015 as a way to help people sell a car fast, then grew into a full two-sided marketplace. It has expanded into used motorbikes and into financing, so buyers can get a loan on the platform rather than hunting for one separately. The company is privately held and backed by venture investors, having reached the scale of a "unicorn" — a private startup valued at over a billion dollars. Its main rivals in India's online used-car space include CarTrade Tech and Spinny, and the broader market still runs largely on local dealers and classifieds.
The big question for Cars24 is whether it can turn all that buying and selling into a durable profit. Buying inventory and reconditioning cars ties up cash, and financing adds credit risk. Still, the pitch is straightforward: make the second-largest purchase most people ever make feel as safe and simple as buying a phone online. If Indians keep shifting their used-car shopping to their phones, Cars24 sits right in the path of that change.
Saved answer · last researched 15 Nov 2026