Cars24 cofounder Gajendra Jangid steps down as CMO

Cars24 cofounder Gajendra Jangid is stepping back from his role as chief marketing officer after eleven years at the used-car marketplace. The company confirmed he is taking a break from day-to-day operations, while remaining involved in the brand, the company’s road safety initiative Crashfree, and its broader mission.

This adds to the top-deck churn at the SoftBank-backed company. Himanshu Ratnoo, CEO of the India used-cars business, resigned from his role in March. Ratnoo, who joined Cars24 in 2020 as vice president, was elevated as CEO in 2024.

The company is also preparing for an initial public offering (IPO), CEO Vikram Chopra has said.


Sharing the company's financials in a post on X, Chopra said, "Hoping to go for the IPO in 6-12 months from now. We have built momentum. Now we compound it. It is a huge market of $200 bn +”.

Cars24 had reported an adjusted net revenue of Rs 651 crore for the April-September period, up 18% year-on-year, according to the company’s H1 FY26 performance update.