SoftBank-backed used car platform CARS24 has acquired Delhi-based vehicle information startup CarInfo. The company has not officially shared the deal amount, but sources say the deal is worth around INR 400–425 crore and includes both cash and company shares.
This is CARS24’s second acquisition in the last one year. Earlier, in April 2025, the company had bought the popular automobile community platform TeamBHP.
CARS24’s co-founder and CEO Vikram Chopra shared on LinkedIn that CarInfo will continue to operate as a separate app, but it will now be part of the CARS24 group.
“Carinfo has become the go-to platform for more than 12 Mn users every month to solve their vehicle needs. This is not the story of an overnight success but a team that has played the long game. CarInfo will continue as a standalone app with its own team,” Chopra said.
By adding CarInfo to its platform, CARS24 wants to stay in touch with users more often. People do not buy cars frequently, but they regularly need to manage things like documents, compliance, and records. This helps CARS24 build a more complete and useful platform for vehicle owners.
Founded in 2019 by Sahil Ajmani, CarInfo helps users easily check and manage important vehicle information such as insurance details, pollution certificates, traffic challans, and other records — all in one place. This makes life easier for vehicle owners because this information is usually spread across different places and hard to find.
Founded in 2015 by Vikram Chopra, Gajendra Jangid, Ruchit Agarwal, and Mehul Agrawal, CARS24 runs an online platform where people can buy and sell used cars. The company also offers services like car loans, insurance support, and warranties. Earlier this year, it also entered the new car market.
As part of its business changes, CARS24 has shut down or reduced several non-core businesses. It closed its B2B spare parts platform Inspare and stopped customer services of its car servicing platform FourDoor and driver hiring service AutoPilot. Because of this, more than 300 employees were laid off.
The CarInfo acquisition comes at a time when CARS24 is preparing for a possible stock market listing. The company plans to go public in the next 12 to 18 months to take advantage of India’s fast-growing used-car market. To prepare for this, it has reduced costs and is now focusing more on its main business.
In August last year, CARS24 raised ₹345.2 crore from its Singapore-based parent company, Global Car Group Limited, to support daily business needs and strengthen its core operations. This came after an earlier funding of ₹250 crore from the same parent company.
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