Cars24’s gross revenue increases 2.2X in FY22, losses exceed Rs 1,800 Cr

  • Cars24, an e-commerce platform for pre-owned vehicles, raised nearly a billion dollars and achieved a $3.3 billion valuation mark in FY22.
  • The company experienced a more than two-fold jump in scale after a dip in FY21 due to the pandemic.
  • Cars24’s holding firm saw its losses skyrocket over eight times year-on-year.
  • Cars24 is now looking to expand into new markets.
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