RIYADH: Indian e-commerce platform for pre-owned automobiles, CARS24 has raised $300 million in a Series G funding round.
The round was led by Alpha Wave.
In addition to the Series G equity round, the Indian firm also raised $100 million of debt, bringing its valuation to $3.3 billion.
The funds will be used to further strengthen the platform’s position in the Indian market.
It also plans to expand in Australia, Southeast Asia, and the Middle East, Wamda reported.
