New Delhi: Used car marketplace startup Cars24 has acquired vehicle information platform CarInfo, its second acquisition in two years, as the company strengthens its moat in the highly competitive second hand car market in India. In April 2025, the company acquired vehicle review platform TeamBHP.
Cars24, a Gurugram-based startup, is looking to list publicly later on. Venture capital firms like Alpha Wave Global, DST Global and Peak XV have invested in the company, which counts CarDekho, Spinny and CarTrade as its main competitors, besides captive operations like Maruti Suzuki True Value, Mahindra First Choice Wheels and Honda Cars India.
Most car problems don’t announce themselves.
An insurance policy that expired last month. A PUCC expiry that is so easy to miss, a challan you find out about too late. A FASTag that stops working when you’re already at the toll. A document you need urgently but can’t locate.…
— Vikram Chopra (@vikramchopra) January 5, 2026
“CarInfo (and Bikeinfo) were built around a very practical insight: vehicle management for cars and bikes has remained complex as information is scattered across systems.
Carinfo has become the go-to platform for more than 12mn users every month to solve their vehicle needs. This is not the story of an overnight success but a team who has played the long game.
We have always believed in simplifying car ownership and together we can make it a 100x better experience for vehicle owners,”
Cars24’s founder and CEO Vikram Chopra tweeted.
The company posted a 25% rise in operating revenues at Rs 6,917 crore though for 2024, with over 2 lakh cars sold through the platform, though the latest financials for 2025 aren’t available yet.
Through CarInfo and its sister app BikeInfo, Cars24 aims to integrate these apps to its ecosystem, while they will operate independently as well with their existing teams. CarInfo’s vehicle related information like registration details, insurance and pollution certificate validity, challans and FASTag status could offer Cars24 a stronger position in the market, helping its customers make an informed decision along with user-generated reviews from TeamBHP.
