Cars24 is India’s leading full-stack e-commerce platform for used automobiles (cars, motorcycles and scooters). Car owners get real-time quotes, instant payment and quick title transfers which enable them to sell their cars easily. Individual car buyers and car dealers can buy certified cars, delivered at their doorstep along with getting credit access.
Trifecta invested when the company was contemplating an equity round. Our investment helped the company in extending the runway and raising equity capital at the desired valuation. Post our investment, the company raised USD 300 Mn (USD 100 Mn in Series D and USD 200 Mn in Series E) from new investors - global marquee funds including DST Global, Un-bound, and Moore
Strategic Ventures as well as existing investors such as Sequoia, KCK Global, and Exor Seeds. We continue to back the company, which has now become a Unicorn and has a presence across multiple countries.