CARS24 acquires vehicle info platform CarInfo

SoftBank-backed used car platform Cars24 has announced that it has acquired Delhi-based vehicle information startup CarInfo. The company did not share the financial details of the deal.

Sources said the cash-and-stock transaction is valued at around Rs 400–425 crore.

This is Cars24’s second acquisition in the past year, following its purchase of community platform TeamBHP in April 2025.

In a LinkedIn post, CARS24 cofounder and CEO Vikram Chopra said that CarInfo will continue to run as a separate app under the CARS24 group.

Read also- Even Healthcare raises $20 million from Lachy Groom, others

“Carinfo has become the go-to platform for more than 12 Mn users every month to solve their vehicle needs. This is not the story of an overnight success but a team that has played the long game. CarInfo will continue as a standalone app with its own team,” Chopra said.

By adding CarInfo to its ecosystem, CARS24 aims to stay connected with users more regularly. While buying a car happens rarely, tasks like paperwork and compliance are frequent, helping the company build a more complete platform for vehicle owners.

Founded in 2019 by Sahil Ajmani, CarInfo helps users easily find and manage key vehicle details such as insurance, pollution certificates, challans and other records—in one place. This solves a common problem for vehicle owners, as such information is usually scattered and difficult to access.

Advertisment

Founded in 2015 by Chopra, Gajendra Jangid, Ruchit Agarwal and Mehul Agrawal, CARS24 runs an online marketplace for buying and selling used cars. It also provides services like financing, insurance support, and warranties, and entered the new car market earlier this year.

As part of its restructuring, the company has shut down or scaled back several non-core businesses. It closed its B2B spare parts platform Inspare and wound down consumer-facing operations of its car servicing platform FourDoor and driver hiring service AutoPilot, resulting in layoffs of over 300 employees.

The acquisition comes as CARS24 sharpens its focus ahead of a potential public listing. The startup is aiming to go public within the next 12-18 months to capitalise on India’s booming used-car market, after significant operational restructuring, including cost cuts and focusing on its core platform.

In August last year, the company raised INR 345.2 Cr from its Singapore-based parent, Global Car Group Limited. The funds were meant to support working capital needs and strengthen core businesses. This followed an earlier INR 250 Cr infusion from the same parent entity.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup News: Discover Funding Trends and Stories Shaping Indian Startups.

Advertisment

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.