CosmicTaco

Cars24 Records 25% YoY Growth, Sells 2 Lakh Cars in FY24

CosmicTaco · 2024-11-28T15:52:56.199492+05:30

* Cars24, a pre-owned vehicle e-commerce platform, reported a 25% YoY growth in FY24, selling 200,000 cars and generating a revenue of Rs 6,917 crore. * Despite the growth, the company's net losses were Rs 498.4 crore with an adjusted EBITDA of Rs 318.8 crore. * Cars24's CFO, Ruchit Agarwal, revealed that 92% of the total revenue came from the auction business and retail, while the rest was from service fees, parking fees, and other value-added services. Source: [Entrackr](https://entrackr.com/fintrackr/cars24-sells-2-lakh-cars-in-fy24-revenue-nears-rs-7000-cr-7610637)

Cars24, a pre-owned vehicle e-commerce platform, reported a 25% YoY growth in FY24, selling 200,000 cars and generating a revenue of Rs 6,917 crore.
Despite the growth, the company's net losses were Rs 498.4 crore with an adjusted EBITDA of Rs 318.8 crore.
Cars24's CFO, Ruchit Agarwal, revealed that 92% of the total revenue came from the auction business and retail, while the rest was from service fees, parking fees, and other value-added services.

Source: Entrackr