Analysis · Commerce & Consumer Brands

CARS24 co-founder discusses entrepreneurship trends in West Delhi

By Startup Enthusiast · 2 September 2026

What they do

CARS24 operates a platform for buying and selling used cars while providing various automotive financial services

Co-founder Gajendra Jangid shared observations on X regarding the high concentration of entrepreneurs originating from West Delhi

Jangid suggests that historical displacement and stable home ownership in the region may foster a culture of risk-taking

Co-founder Gajendra Jangid recently shared insights on the entrepreneurial landscape of West Delhi.
Jangid noted that many colleagues at CARS24 hail from this specific region.
He highlighted that the area covers 129 square kilometers and supports a population of approximately 25 lakh people.
The discussion centered on why this region produces a high number of business founders.
Jangid suggested that historical factors, such as the displacement of families in 1947, may have influenced local ambition.
He also argued that home ownership provides the financial security necessary for young people to take professional risks.

Social media users engaged with the post to offer alternative theories on the region's entrepreneurial drive.
Some pointed to a generational wish to regain lost wealth and status after migration.
Others mentioned the influence of visible wealth and a culture of hard work among migrant families.

The company facilitates the buying and selling of used vehicles.
It operates as an RBI-registered NBFC (Non-Banking Financial Company) to provide credit services.
Financial offerings include used car loans, loans against cars, and personal loans.
The platform provides automotive services like car insurance, FASTag recharge, and roadside assistance.
Technical services include pre-delivery inspections, RTO checks, and odometer tampering checks.
The business maintains an international presence in the UAE and Australia.
The corporate office is located in Gurgaon, Haryana.

Product: An online platform for used-car buying, selling, and related lending services.
Customers: Consumers and dealers transacting in used cars.
How it makes money: It earns from vehicle sales, marketplace transactions, and financing-related services.
What sets it apart: Uses AI to improve operating efficiency and support growth.
Operations: Operates across multiple countries and runs auction and retail businesses in India.