News · Mobility & Logistics

Vikram Chopra reflects on 11 years of building CARS24

By Startup Enthusiast · 18 September 2026

What they do

CARS24 is an auto-tech platform that helps consumers buy, sell, finance, and maintain used cars

Vikram Chopra reflected on the company's 11-year journey since its founding in 2015 to simplify automotive transactions

The platform uses digital technology and physical infrastructure to streamline the complete car-ownership journey across multiple markets

Vikram Chopra reflected on the eleven-year milestone of CARS24, highlighting its evolution into a leading technology-led vehicle marketplace.
The firm was established in 2015 to solve difficulties such as opaque pricing and complicated paperwork in the pre-owned vehicle sector.
CARS24 functions as an artificial intelligence-driven network linking purchasers, vendors, showroom operators, and lending institutions.
The portal handles automobile purchases and disposals, vehicle loans, coverage policies, transport department documentation, and asset background checks.
The enterprise plans to broaden its software solutions and offerings across the entire vehicle lifecycle in domestic and overseas territories.

The secondhand automobile market in India previously suffered from convoluted transactions, pricing unpredictability, and lengthy selling procedures.
The organization evolved from primarily assisting consumers with vehicle disposals into a comprehensive automotive technology ecosystem.

CARS24 operates an online and offline marketplace for buying and selling used cars and bikes.
The platform provides financial services including used car loans, loans against cars, and personal loans through an RBI-registered NBFC [non-banking financial company].
Additional offerings include traffic fine payments, FASTag recharges, roadside assistance, warranties, and assured buyback programs.
Vehicle inspection services check for pre-delivery condition, vehicle history, RTO details, and odometer status.
The corporate office is located in Gurgaon, Haryana, with operations spanning India, the UAE, and Australia.

Aims to grow 100x in the next five years to build a $300 billion enterprise in India.

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.