With the acquisition of automotive utility company Vehicle Info, used-car marketplace Cars24 is aiming to establish a full-stack platform for vehicle ownership, going beyond just vehicle transactions. Chirag Pipaliya launched the bootstrapped firm Vehicle Info in 2017.
The firm provides a centralised location for important vehicle details like registration information, insurance status, traffic challans, and FASTag balances. With the integration of its app into its ecosystem, CARS24 aims to assist users throughout the whole lifecycle of their vehicle, from purchase to ownership and management.
Cars24 Enhancing its Portfolio via Acquisitions
This purchase deal expands upon CARS24's January acquisition of CarInfo, a platform for car information and administration. In 2019, Sahil Ajmani established CarInfo to facilitate the centralisation of various vehicle records for the purpose of tracking insurance, pollution certificates, challans, and more. Vikram Chopra, co-founder and CEO of CARS24, stated at the time that CarInfo would remain a separate app within the CARS24 ecosystem. Given the frequency with which vehicle document management and compliance occurs compared to automobile purchases, he stated that the acquisition would allow CARS24 to engage users more regularly.
For CARS24, this is their third acquisition in the last twelve months. It continued its push to create a more comprehensive ecosystem around automobile ownership in April 2025 with the acquisition of automotive community platform Team-BHP. Chopra, Gajendra Jangid, Ruchit Agarwal, and Mehul Agrawal started the used-car marketplace CARS24 in 2015. Warranty services, insurance assistance, and financing are also part of the package. The firm has a global reach, serving customers in Southeast Asia, the Middle East, and even India and Australia.
Cars24 Revamping its Operations Ahead of IPO
Himanshu Ratnoo, CEO of CARS24, resigned earlier this week, according to many news outlets. Since July 2024, Ratnoo has been in charge of the used-car operations in India. After leaving, Chopra said that the senior team at Cars24 will be reporting to him going forward. Soon after Chopra announced CARS24's intention to go public in the following six to twelve months, the company's leadership changed. He said that in the first half of FY26, CARS24's adjusted net sales increased by 18% year-on-year to INR 651 Cr and that the company cut its adjusted EBITDA loss in half, to INR 162 Cr.
As part of its strategy to enter the $200 billion used-car market in India, the brand has taken these measures. Also, the business has been cutting back or shutting down non-core verticals in preparation for its IPO. By May of 2025, it had shut down its business-to-business spare parts portal, Inspare. Additionally, last year, it shut down the customer-facing parts of its FourDoor platform for auto repairs and its AutoPilot programme for driver hiring. More than 300 workers were laid off in several rounds as a consequence of the exercise.
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•CARS24 has acquired Vehicle Info to strengthen its •Vehicle Info, founded by Chirag Pipaliya in 2017, •The integration will help CARS24 offer end-to-end •The move follows CARS24’s earlier acquisition of |
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