“Not just from a transaction, but also an experience point of view. CARS24 enables car owners to sell their cars within two hours of a single visit to one of the many CARS24 branches, with instant payment into their bank accounts and also takes complete responsibility of all the paperwork including RC transfer,” the company says in a statement.

The startup was founded in 2016 by Delhi-based entrepreneur Ram Jaiswal, who envisioned organising the domestic second-hand car maintenance market.

OLX Cash My Car plans to expand its operations to have 150 pre-owned car stores by end of 2021 spread across 40 Indian cities.

The agency has also unveiled its new campaign titled “Chalao Apni”, with a renewed positioning that focuses on the car buying experience of the customer. Created by Leo Burnett, the campaign goes live soon.

Harjeet Singh, Founder, HAYR Technology claims, “We are coming with much-awaited technology in the mobility sector. After this, India will be one of the few countries who will enjoy free float self-driven car share service.”

This investment is both Sachin’s personal capacity as an investor and it is a part of Ola’s larger Series J funding round.

The negotiations, which are currently believed to be at the diligence stage, could see the SoftBank-backed Ola pick up a stake of 26% and upwards in the three-year-old sRide. 

Beijing-headquartered Didi’s investment is likely to be channeled into Oyo’s fast-growing China business, a geography that the company has begun referring to as its second home market.

Currently ZoomCar's fleet sits at just over 7000 vehicles, with only 5% of which are electric. CEO Moran said that electric cars are their big focus currently, but the company still has a lot of work to do in that area.

With the latest funding, Paix Technology-owned Truebil has announced its total funding to have reached $22.4 million. The company had announced revenue of $7 million for the FY 2017-18, and aims to generate 5x growth in revenue for the current fiscal.