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Partnership · Mobility & Logistics

Cars24 Labs partners Startup Policy Forum for AI policy

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Cars24 logo
Date
Company
Cars24
What it does
AI innovation and used car marketplace
Kind
Partnership
Founded
2015
Sector
Mobility & Logistics

What they do

Cars24 Labs is the AI innovation arm of Cars24, a used car marketplace

What happened

It has partnered Startup Policy Forum to contribute to AI policy discussions and industry dialogues

Why it matters

The collaboration aims to bring together founders, policymakers, and researchers to shape AI regulations in India

The details

  • Cars24 Labs, the AI innovation arm of Cars24, has partnered with Startup Policy Forum (SPF).
  • The partnership focuses on AI policy and innovation in India.
  • Cars24 Labs will contribute to SPF's AI initiatives including policy discussions, founder engagements, and industry dialogues.
  • The collaboration also includes global immersion programmes for AI deployment insights.
  • The initiative brings together founders, policymakers, researchers, academia, and global tech leaders.
  • This is part of India's broader effort to strengthen its AI ecosystem through the IndiaAI Mission.

The bigger picture

  • India is strengthening its AI ecosystem through the IndiaAI Mission.
  • Startups are increasingly engaging with policymakers to shape emerging tech regulations.
  • SPF represents 75+ new-age companies as an industry alliance.

About the business

  • Cars24 operates a marketplace to buy and sell used cars.
  • It also offers car loans, new car sales, and challan services.

The deal

Type
partnership

Founders

  • Vikram Chopra, Co-founder & Global CEO
  • Gajendra Jangid, Co-founder
  • Mehul Agrawal, Co-founder
  • Ruchit Agarwal, Co-founder
  • Mehul Agarwal, Co-founder

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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