Calling it "business as usual", the company which has nearly 9,000-strong workforce, and is in the process of hiring more globally, said its business is actually growing in
"This is business as usual as these are performance-linked exits that happen every year," the company said in a statement shared with IANS.
In December last year, CARS24 closed a $400 million round of funding, including a $300 million Series G equity round alongside $100 million debt from diversified financial institutions.
The platform was valued at $3.3 billion, about double the valuation from its previous round in September 2021.
Leveraging the latest technology advances, CARS24 has set up multiple state-of-the-art 'Mega Refurbishment Labs,' thus creating "new industry benchmarks for high-quality used cars".
CARS24 said it will continue to enhance its superior technology and build a gold standard for quality used cars globally.
The company recently announced the launch of seven 'Mega Refurbishment Labs' (
"CARS24 has aggressive plans for 2022. We are witnessing greater acceptance amongst customers across the globe for our platform when purchasing their next car," Vikram Chopra, Co-founder & CEO, CARS24 had said.
"As we continue to build the best infrastructure for the future with an end-to-end digital customer experience, we are confident that this will delight our customers with our high-touch industry experience," Chopra added.
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