CARS24 Acquires Vehicle Info Platform CarInfo

Used car marketplace startup Cars24 has acquired vehicle information and management platform CarInfo to strengthen its vehicle ownership services beyond buying and selling cars.

CarInfo makes it easy for users to find and manage important vehicle details—like insurance, pollution certificate, challans and other records—in one place, solving a common pain point for owners because this information is usually scattered and hard to access. It was founded by Sahil Ajmani in 2019. 

By bringing CarInfo into its ecosystem, CARS24 wants to keep users engaged more often, since car purchase is rare but managing paperwork and compliance happens frequently, helping it build a more complete platform for vehicle owners.

In a post on LinkedIn, CARS24 cofounder and CEO Vikram Chopra announced that CarInfo will continue to operate as a standalone app within the CARS24 umbrella. 

“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.

This is CARS24’s second acquisition in under a year. It acquired automotive community platform Team-BHP back in April 2025. 

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.

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

As part of its restructuring, it has shut or scaled down several non-core verticals. 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, leading to layoffs of over 300 employees.

CARS24 operates across India, Australia, the UAE, Southeast Asia and the Middle East. In FY24, the startup sold over 2 Lakh cars and reported revenue of INR 6,917 Cr, up 25% YoY. However, its net loss widened to INR 498 Cr due to continued investment in technology, data and customer experience. The startup is yet to file its FY25 financials.