CARS24 Startup Story – India’s Largest Used Car Marketplace
If you’re in the market for a new car, chances are you’re going to have to sell your old one first. This can be a hassle, especially if you don’t know where to start.
Thankfully, there’s a new company called CARS24 that is changing the car selling process in India. They make it easy for sellers to get rid of their old cars quickly and easily.
In this startup story, we will discuss how CARS24 is revolutionizing the car selling process in India and why you should consider using their services!
The journey began, where the company was founded by Vikram Chopra and Mehul Agarwal. The two entrepreneurs had a shared vision of creating a Used Cars, New Cars, and Certified Pre-Owned Cars Marketplace that would make it easier for people to sell or trade cars hassle-Free way.
Vikram Chopra, CEO, and Co-Founder
Vikram Chopra was working in the finance sector when he realized that there was a huge problem with the car selling process in India.
It was very inefficient and time-consuming, and often sellers would end up getting cheated by buyers. He saw an opportunity to make a difference and decided to start CARS24.
Vikram Chopra did BTech and MTech in Engineering at IIT Bombay (Indian Institute of Technology, Bombay). Vikram did MBA in Finance at the University of Pennsylvania.
Vikram Chopra is a former Co-Founder of FabFurnish, an online furniture company. He was Business Analyst at McKinsey & Company and an Investment Analyst of Sequoia Capital.
Mehul Agrawal, Co-Founder, and COO
Mehul Agrawal is a former management consultant and investment banker. He has worked with leading firms such as BCG, McKinsey & Company, Nomura, and Deutsche Bank. Mehul is a graduate of IIT Delhi and IIM Bangalore.
Gajendra Jangid, Co-Founder and CMO
Gajendra Jangid was working in the automobile industry and he found that selling a car was a very complicated and stressful process.
There were so many middlemen involved and the whole process took weeks, sometimes even months. He realized that there had to be a better way to do this.
That’s when he came up with the idea for CARS24. Gajendra did a BTech and MTech in Engineering at IIM Bombay. Before co-founding CARS24, Gajendra Jangid was working with Schlumberger.
Ruchit Agarwal, Co-Founder, and Chief Financial Officer
Agarwal is a graduate of Cornell University and has an MBA from INSEAD. He started his career as an investment banker with Goldman Sachs in London before moving back to India to join the family business.
He co-founded this used car marketplace with Vikram Chopra and Gajendra Jain. Before co-founding CARS24, Ruchit Agrawal was a Vice President at Bank of America Merrill Lynch
CARS24 is a technology-enabled car selling platform that offers a seamless and convenient experience to customers looking to sell their used cars.
The company has a network of over 200+ branches across India and has served more than 80,000 customers to date.
The One-Stop Shop for All Your Car Needs
The process of selling a car in India has been revolutionized by CARS24. The company offers a hassle-free experience with its online platform that makes it easy for sellers to get the best price for their cars.
The used car marketplace has a wide network of dealers and buyers that helps sellers to get the best price for their cars.
The company also offers free pick-up and delivery of cars, which makes it even more convenient for sellers.
With its innovative approach, CARS24 is changing the way people sell cars in India. If you are planning to sell your car, then CARS24 is the best option for you!
The Hassle-Free Way to Sell or Trade In Your Car
Are you looking to sell your car? Check out CARS24 today! They promise a hassle-free experience and the best price for your car! Visit cars24.com or call 1800 258 5656. They would be happy to assist you!
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Thank you for reading CARS24 startup story! We hope that you have a great experience selling your car with this used car marketplace!