Cars24 purchases a startup for car information management CarInfo in a deal worth Rs 400 crore
Cars24 acquires vehicle information startup CarInfo in Rs 400–425 crore deal
SoftBank-backed used car marketplace Cars24 on Monday announced the acquisition of Delhi-based vehicle information management startup CarInfo. While the company did not disclose financial details, people familiar with the transaction said the cash-and-stock deal is valued at around Rs 400–425 crore.
This marks Cars24’s second acquisition in the past year, following its April 2025 purchase of automotive community platform TeamBHP, as the company looks to expand beyond pre-owned car transactions into higher-frequency consumer use cases.
Announcing the deal on X, Cars24 founder and chief executive Vikram Chopra said CarInfo and its two-wheeler-focused product BikeInfo were built to simplify vehicle ownership by making scattered vehicle data easily accessible. “CarInfo has become the go-to platform for more than 12 million users every month to solve their vehicle needs,” Chopra said, without commenting on the deal size.
Adding frequent use cases
Industry executives said the acquisition aligns with Cars24’s strategy to drive more regular engagement on its platform. “Car purchase is a once-in-five-year event, but insurance renewals, pollution certificates and challan payments happen far more frequently. That brings steady engagement,” one person familiar with the matter said.
Founded in 2019 by Sahil Ajmani, CarInfo is a bootstrapped startup. The app will continue to operate independently with its existing team, while also being integrated into Cars24’s broader superapp ecosystem. Chopra said the combined offering would help “simplify car ownership” and significantly improve the overall user experience.
Cars24 launched its superapp in 2024, bundling services such as vehicle repairs, financing, chauffeur-on-demand, and service history records, as it seeks to monetise its large consumer base built through used-car sales.
Consolidation in auto-tech space
Gurugram-based Cars24, backed by investors including Alpha Wave Global, DST Global and Peak XV Partners, is preparing for a public listing in the coming years. The acquisition also underscores growing consolidation in the auto-tech sector, following rival Spinny’s acquisition of vehicle servicing platform GoMechanic last year.
Digital publication Medianama first reported the Cars24–CarInfo deal.
For FY24, Cars24 reported a 25% increase in operating revenue to Rs 6,917 crore, driven by higher unit sales and improved average selling prices. However, its net loss widened to Rs 498 crore from Rs 468 crore in FY23. The company is yet to file its financial results for the year ended March 31, 2025.