We started from a small office on Golf Course Road, Gurgaon in 2015. Today, 3 lac happy customers (215+ branches), 89 cities, and five years later, we are bigger and hungrier than ever!
When we look around today, we can proudly claim that we have transformed the way India buys and sells used cars. We achieved these milestones through perseverance, our novel ‘supply first and transaction led” business model, and our proprietary LIVE Auction, which is how “Sell a Car in 1 Visit” was born. We started a trend in the used car market and our competitors have gradually begun to follow in our footsteps.
Looking back, we take immense pride in how far we have come with your love and support. We were the first in the segment to procure a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI) and ventured into the consumer lending business. For us, customers have always been the top priority, which is why we wanted to make pre-owned cars accessible to a larger consumer base through our CARS24 Financial Services.
Today, we are well on our way to becoming the largest auto tech company in the country. We serve customers across the country and provide them with complete assistance including paperwork. Our C2C business model allows customers to buy thoroughly inspected pre-owned cars with ease. Our range of industry-first services such as buyback guarantee, warranty, and accessible consumer financing has helped many secure the car of their dreams with convenience.
This year witnessed us reaching a major milestone despite the lockdown. In June 2020, we took a step closer to our dream, with the launch of CARS24 Moto, venturing into the 2 wheeler segment for buying and selling pre-owned bikes. With all the mayhem surrounding this year, we are delighted to provide doorstep services for selling pre-owned cars and bikes in a safe and contactless manner in all major cities. Additionally, we also offer Loan Against Car, helping those facing job cuts and pay losses get back up on their feet.
These last 5 years have been truly incredible, and we can proudly say that CARS24 is now more than just a pre-owned car company! We are the proud recipients of the Innovative Startup of the Year award by Entrepreneur India in 2019. Our aim moving ahead is to provide complete solutions to all your automotive needs through technology, from car servicing, bike servicing, motor insurance, advice, and many more such services in the future.
Here’s to Five years of togetherness, and a lifetime of staying Stronger Together in our automotive transactions. Cheers!