Acquisition · Mobility & Logistics

Cars24 acquires vehicle info platform CarInfo for an undisclosed amount

By Startup Enthusiast · 5 January 2026

Date: 5 January 2026
Company: Cars24
What it does: Used car marketplace and services
Kind: Acquisition
Amount: Rs 118 Cr
Founded: 2015
Sector: Mobility & Logistics

What they do

Cars24 buys CarInfo to add vehicle data tools like insurance and pollution checks

What happened

The deal values CarInfo at an undisclosed amount based on regulatory filings This follows restructuring cuts and aims to support a planned IPO within 18 months

The details

Cars24 has acquired the vehicle information platform CarInfo for Rs 118 Cr.
The acquisition includes the BikeInfo vertical as part of the deal.
CarInfo will operate as a standalone app within the Cars24 ecosystem.
The existing team from CarInfo will continue to work with the company.
Regulatory filings confirmed the deal value while official sources called it undisclosed.
This marks Cars24's second acquisition in under a year after buying Team-BHP.
The move supports Cars24's goal to launch an IPO within the next 12-18 months.
Cars24 recently restructured by cutting costs and winding down non-core verticals.

The bigger picture

CarInfo provides critical data on registration, insurance, and pollution certificate validity.
The platform serves over 12 million monthly active users across India.
CarInfo was bootstrapped since its founding in 2019 without external funding.
This acquisition helps consolidate vehicle data services within the Cars24 superapp.
Industry consolidation continues with Spinny reportedly acquiring GoMechanic.

About the business

Cars24 operates an online marketplace for buying and selling used cars.
The company offers financing, insurance support, and warranties for vehicles.
It launched a superapp in 2024 adding repairs and chauffeur booking.
Cars24 entered the new car market earlier in 2026.
The company operates in India, Australia, UAE, Southeast Asia, and the Middle East.
It sold over 2 lakh cars in FY24 generating INR 6,917 Cr revenue.
Revenue grew by 25% year-on-year despite a net loss of INR 498 Cr.
Recent closures included B2B spare parts platform Inspare and consumer servicing FourDoor.
The company also wound down its driver hiring service AutoPilot during restructuring.

What happens next

Cars24 targets an IPO within the next 12-18 months.
The company plans to integrate CarInfo's data into its core platform.
Focus remains on strengthening core businesses after recent restructuring.

The deal

Type: acquisition

Founders

Vikram Chopra, Co-founder and CEO
Sahil Ajmani, Founder of CarInfo

About Cars24

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.

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