Investors include KCK, the Agnelli Family, Unbound, Moore Strategic Ventures, and Sequoia India,
Further, Cars24 has also announced its strategic partnership with the former Indian cricket captain Mahendra Singh Dhoni, as the brand ambassador and one of the investors in the company.
Commenting on the investment, Unbound's Founder, Shravan Bharti Mittal said, "We believe CARS24 is disrupting the pre-owned car industry in India and addressing the challenges faced by car owners by providing them with a world-class customer experience which is quick, easy and hassle-free."
The fresh flow of finance will be used to strengthen the company's hold in new cities, franchise model, technology and recently announced consumer lending (NBFC) business. CARS24 also targets to be present in 75 cities pan India by the end of the year.
Read more here