- Cars24 is a leading online used car marketplace in India, recently reporting an 18% increase in adjusted net revenue to ₹651 crore in the first half of FY26, while narrowing its adjusted EBITDA loss by 36% to ₹162 crore.
- The company is planning an Initial Public Offering (IPO) within the next 6 to 12 months, following a financial turnaround that includes a shift towards higher-margin retail and financing businesses.
- Cars24 has partnered with Tesla India to launch an innovative EV trade-in program, facilitating the transition from petrol and diesel vehicles to electric models, which enhances customer experience and promotes EV adoption.
- Ideal buyers for Cars24 include consumers looking to trade in their used vehicles for electric cars, as the company addresses the pain points of vehicle valuation and trade-in processes, making it easier for customers to switch to electric vehicles.
Business Management is the largest function at Cars24 with around 260 employees, accounting for just over one-quarter of the staff. Sales and Support makes up the next biggest share at 160 employees, followed by Engineering with approximately 140 team members who develop and maintain the company’s technology platform. Marketing and Product (about 95 employees) and Finance and Administration (around 60 employees) round out the core business units, while smaller groups in Consulting, Publishing & Editorial, Healthcare, and other specialised areas collectively number fewer than 10 people. An additional 125 employees are classified under “Other,” reflecting roles that span multiple functions or provide company-wide support.
Cars24’s workforce is distributed across several key cities, with the largest concentration in Gurugram at roughly 260 employees. Delhi hosts close to 200 team members, and Bengaluru contributes about 70 more, underscoring the company’s presence in major Indian technology and commerce hubs. Secondary offices in Noida, Mumbai, Pune, Kolkata, and Jaipur collectively employ just under 90 people, while an outpost in Dubai anchors its Middle East operations with around 10 staff. The remaining 225 employees are listed under “Other,” indicating remote or flexible locations that help the company maintain nationwide coverage.
