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GAJENDRA JANGID
Cars24 launches AI lab, commits $20 million to AI, early-stage startupsCars24 is launching Cars24 Labs, a new initiative backed by a $20 million investment. This program will focus on developing artificial inte...- Ex-Cars24 India CEO Himanshu Ratnoo joins e-cycle company EMotorad as cofounderFormer Cars24 India used-car CEO Himanshu Ratnoo has joined EMotorad as cofounder, bringing his expertise to the electric cycle company. Ra...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Cars24 operating loss narrowed in FY26, revenue grew 27%: CEO Vikram ChopraUsed-car platform Cars24 reported a 27% revenue jump to Rs 1,411 crore in FY26, significantly cutting losses by 36%. The company achieved E...
- Cars24 cofounder Mehul Agrawal steps down from operating roleMehul Agrawal, cofounder of used car marketplace Cars24, is stepping down from his operational role after over a decade. He will remain on ...
- Amazon CEO on Now growth; Big Tech dials up AI spendIn India’s hypercompetitive quick commerce space, Amazon CEO Andy Jassy said Now is growing fast. This and more in today’s ETtech Top 5.
- Cars24 cofounder Gajendra Jangid steps down as CMOCars24 cofounder Gajendra Jangid is taking a break from his CMO role. This follows other top-level changes at the company. Cars24 is now ai...
- Cars24 drives into new-car sales arena with OEM, dealer aggregator modelCars24's cofounder and chief marketing officer, Gajendra Jangid, mentioned that nearly 50% of customers selling cars on the platform buy ne...
- Used-car sales in India to cross 1 crore annual sales mark by 2030: ReportThe Indian used-car market is set to surpass 1 crore annual sales by 2030, driven by growing demand in both urban and smaller towns. Mahara...
- Cars24 unveils superapp for ancillary services to monetise user baseCars24, supported by SoftBank, introduced a superapp to integrate various services, including vehicle repairs, financing, and insurance. Cu...
- Cars24 saw its topline grow at lower paceIn FY23, Cars24’s operating revenue grew 7.7% year-on-year to Rs 5,535 crore. Compared to this, in FY22, the company’s revenue from operati...
- Kolkata’s demand for pre-owned cars spike 93% amid changing automotive trends, CARS24 saysKolkata, India's city with the highest vehicular density, has recorded a 93% spike in used car sales during the first half of 2021, accordi...
- Cars worth Rs 1,800 crore sold to platform in Apr-Jun: CARS24India's pre-owned vehicle sale, purchase and financing platform, CARS24, sold vehicles worth over INR18bn ($242m) in the April-June quarter...
- India's car buying budget sees 30% rise in 2022: Report"2022 was a fantastic year with trends that will shape the industry in the future. We look forward to driving the wheels with our customers...
- Cars24 to reduce burn rate further, target ‘sustainable growth’Cars24 filed its 2021-22 financials with the Registrar of Companies on Tuesday, reporting a year-on-year surge of 87% in revenue from opera...
- Cars24 gets $400 million in new funding, valuation jumps to $3.3 billionCars24's latest funding round includes a $100 million debt component that has been sourced from investors like the Commercial Bank of Dubai...
- Online used cars marketplace Cars24 nears $250 million deal with DSTUsed-vehicle sales are booming in India because consumers are shunning mass transit systems to avoid catching Covid-19.
- Cars24 earmarks $100 million to fuel its overseas expansion plansCars24, which recently entered Australia and the United Arab Emirates, is now ready to launch its used cars business in Southeast Asia and ...
- Used car, bike sales grow on fear of public transportWhile banks and NBFCs are still reluctant to finance used bikes, the good news is the financing penetration has gone up in pre-owned cars a...
- Pre-owned cars strike chord with customers as lockdown eases: CARS24As the COVID-19 restrictions ease, more customers are looking to buy pre-owned cars with average selling price going down as compared to th...
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