Acquisition · Mobility & Logistics
CARS24 acquires Vehicle Info for full-stack ownership platform
By Startup Enthusiast ·
- Date
- Company
- Cars24
- What it does
- Used car marketplace and services
- Kind
- Acquisition
- Founded
- 2015
- Sector
- Mobility & Logistics
What they do
CARS24 is a platform for buying, selling, financing, and servicing used cars
What happened
It has acquired Vehicle Info, an automotive utility app, for an undisclosed amount
Why it matters
This is CARS24's third acquisition in a year, following CarInfo and Team-BHP
The details
- CARS24 has acquired Vehicle Info, an automotive utility app.
- The goal is to build a full-stack vehicle ownership platform.
- This is CARS24's third acquisition in a year; earlier it bought CarInfo and Team-BHP.
- Vehicle Info will continue as a standalone app with its existing team.
- The team will collaborate with CARS24 to integrate capabilities.
- CARS24 plans to cover the full vehicle ownership lifecycle.
- Vehicle Info was founded in 2017 by Chirag Pipaliya.
The bigger picture
- CARS24 already offers buying, selling, loans, insurance, and servicing.
- Vehicle Info adds RTO data, challan payments, and service history.
- The acquisition strengthens CARS24's position in the used car ecosystem.
- CARS24 India's FY25 gross revenue fell to ₹6,233 crore from ₹6,910 crore in FY24.
- Net losses in FY25 were ₹543 crore, up 9% from FY24.
About the business
- CARS24 is a platform for buying and selling used cars.
- It also provides loans, insurance, and servicing for vehicles.
- Vehicle lending is done through CARS24 Financial Services.
- Vehicle Info is a B2C and B2B platform for RTO vehicle information.
- It offers challan payments, insurance, service history, and resale value checks.
- It also includes license exam preparation tools.
- CARS24 India's operating scale grew 25% YoY in FY24 but declined 10% in FY25.
What happens next
- Integrate Vehicle Info capabilities to cover the full vehicle ownership lifecycle.
- Vehicle Info continues as a standalone app with its existing team.
- Collaborate with CARS24 on the integration.
The deal
- Type
- acquisition
Founders
- Vikram Chopra, Founder of CARS24
- Chirag Pipaliya, Founder of Vehicle Info
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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