- 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.
[Via]
