India: Used car marketplace Cars24 raises $450m at $1.84b valuation

Cars24, an e-commerce platform for pre-owned vehicles, Monday announced that it has closed a funding round of $450 million, including a $340 million Series F equity round alongside $110 million debt from diversified financial institutions.

With the latest infusion, the Gurugram-headquartered company’s valuation has shot up to $1.84 billion.

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