Droom and Aprameya Engineering Withdraw IPO Plans
Auto e-commerce platform Droom Technology and medical device maker Aprameya Engineering have withdrawn plans for an initial public offering (IPO), according to a notice on...
Tag : Cars24
Alteria Capital Announces First Closing of Third Fund at Rs 1,000 Crore
Venture debt firm Alteria Capital has announced the first closing of its Fund III (Option A), India’s largest venture debt fund to date, at Rs...
Softbank-Backed Cars24 Fires 600 Employees in Cost-Cutting Drive
Cars24, a Softbank-backed used car retailer, has laid off more than 600 workers in the past few weeks in a cost-cutting exercise as the company...
Cars24 Announces ESOP Buyback of Rs 75 Crores
Cars24 has raised $850 million in a funding round in the last six months snd has announced an Employee Stock Option Plan (ESOP) buyback worth...
CARS24 Raised $400 Million in New Funding Round
On Monday, CARS24 said that it had raised $400 million in a funding round that saw the participation of asset manager Alpha Wave Global, valuing...
CARS24 Doubles its Valuation to $1.84 Billion
CARS24 is India’s leading e-commerce platform for pre-owned vehicles, has closed a $450 million round of funding, including a $340 million Series F equity round...
CARS24 in India Appoints Mrinal Sinha as CHRO
CARS24 appointed Mrinal Sinha as its Chief Human Resources Officers(CHRO), a statement said. In this newly created role, he will focus on talent strategy, leadership,...
44 Startup Unicorns Created $106 Billion in Value
Forty-four Indian tech unicorns have generated huge value for founders, employees, investors, and the economy by creating $106 billion in value, resulting in direct and...
Cars24 Raises $200 Funding, Enters Unicorn Club
Next-gen E-commerce platform for pre-owned cars, Cars24 has said that it has raised $200 million in its latest funding round at a valuation of more...