Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales
The company was valued at over $1 bn in the funding round led by DST Global
Olx says demand is 112 per cent of pre-Covid phase; Firms confident of demand sustenance beyond festivals
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A study by second-hand car dealer Cars24 showed 22.5 per cent of the consumers, who were planning on buying a new car last year, would prefer used cars now due to limited budget
Start-up looking to expand tool to chat box, payment option
The company, whose founders have decided to forego their salaries for the next six months amid the Covid-19 crisis, said the employees will get ESOPs worth two times the amount they invest
The used cars space is expected to reach 6.7 to 7.2 million cars per year and be valued at Rs 50,000 crore by FY22
Along with two new entities, existing investors KCK, Agnelli (Fiat) Family and Sequoia India also participated in the funding round
Ad campaign by Cars24 says scientific inspection of a used car is surest way to get best price