With $200 Mn round, Cars24 becomes the first unicorn from used car

Online used car marketplace Cars24 has entered the club of unicorns with a $200 million worth Series E round led by DST Global. Existing backer Exor Seeds, Moore Strategic Ventures and Unbound also participated in the latest round.

Cars24 will join the likes of Razorpay, Unacademy, Zerodha, Postman, Nykaa, FirstCry and Pine Labs which became unicorn from India in 2020. Importantly, it has become the first firm from the used car space to be valued over $1 billion.

Continue reading With $200 Mn round, Cars24 becomes the first unicorn from used car space at Entrackr.