Company Showcase CARS24: Transforming the Way Pre-Owned Cars are Bought and Sold

A Tech-Enabled Marketplace for Buying and Selling Used Cars

2 mins read

In a world where everything is moving towards automation and digitization, it was only a matter of time before the auto industry followed suit. Selling and buying pre-owned cars have traditionally been challenging due to the lack of reliable information and a platform that brings buyers and sellers together. However, CARS24, a tech-enabled marketplace for pre-owned cars, has simplified the process, making it effortless for car owners to sell their cars and buyers to choose from a vast array of options.

Company Showcase: CARS24

CARS24 is a Gurgaon-based company that has made the buying and selling process of pre-owned cars more accessible, reliable, and efficient. The company operates through a mobile app and website, providing customers with a hassle-free way to sell their used cars. They can get an accurate valuation of their vehicle using an AI-enabled algorithm and sell their car within a matter of hours, making the process seamless and simple.

The company’s founders, Vikram Chopra, Mehul Agrawal, Ruchit Agrawal, and Gajendra Jangid, built CARS24 to solve the challenges associated with buying and selling pre-owned cars by leveraging technology. They created a user-friendly platform that provides a smooth experience to both buyers and sellers.

Transparency with AI-Enabled Algorithm

CARS24’s AI-enabled algorithm ensures accurate pricing for pre-owned cars, eliminating the need for bargaining and negotiation. The algorithm takes into account various factors, such as make and model of the vehicle, year of manufacture, kilometres driven, and overall condition, to present an accurate valuation of the car. This ensures transparency, builds trust between buyers and sellers, and helps the seller get the best price possible.

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Efficient Inspection and Transaction Process

Using the CARS24 app or website, the seller can book an appointment for the vehicle inspection, which takes approximately an hour. The inspection process includes a 200-point check of the car’s condition, a test drive, and verified documents to establish ownership of the car. Once the inspection is complete, the seller receives an instant offer that they can accept or reject. If they accept the offer, the transaction process begins, and the seller receives the payment within 24 hours. The entire process is quick, convenient, and hassle-free.

Backed by Exor Seeds, Moore Strategic Ventures, and Unbound

CARS24 is backed by Exor Seeds, Moore Strategic Ventures, and Unbound, adding credibility to the company. Exor Seeds is the early-stage investment arm of Exor, one of Europe’s leading investment companies, with a total market capitalization of over 120 billion euros. Moore Strategic Ventures, a New York-based investment vehicle that supports innovative companies, and Unbound, a venture capital firm, have also invested in CARS24.

Conclusion

CARS24 is the go-to platform for buying and selling pre-owned cars. The company has transformed how pre-owned cars are purchased and sold with its AI-enabled algorithm, inspection process, and efficient transaction process, making it a reliable and convenient platform for all stakeholders. The company has made the process easier, faster and more transparent for car owners, creating a revolution in the auto industry.

Website: https://www.cars24.com

Twitter: https://twitter.com/cars24india

Facebook: https://www.facebook.com/cars24india

LinkedIn: https://www.linkedin.com/company/cars24


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