Cars24, an online platform which allows customers to buy and sell preowned vehicles, has raised US$200 million in its series E round, taking the company’s valuation to over US$1 billion, leading it to be an addition to India’s growing unicorn list.
The funding was led by DST Global with participation from existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound.
AP & Partners acted for longer-standing client Global Car Group, operating as Cars24, with partners Arjun Sinha and Moksha Bhat and
associate Tanisha Khaitan.
IndusLaw advised Sequoia and Unbound Partners Mauritius Holdings led by partner Siddharth Manchanda, associate Rohit Jain.
