CARS24 Acquires CarInfo to Broaden Vehicle Ownership Services

Used-car marketplace CARS24 has acquired CarInfo, a platform that provides vehicle information and management services. This marks CARS24’s second acquisition within a year, following the takeover of automotive community platform Team-BHP.

The deal brings CarInfo and its companion app BikeInfo into the CARS24 ecosystem, though both apps will continue operating independently with their existing teams. CarInfo simplifies access to vehicle-related data, including:

• Registration details
• Insurance and pollution certificates
• Challans
• FASTag status
• Other compliance requirements

Why CARS24 Acquired CarInfo

Vikram Chopra, CARS24 founder and CEO, stated that most vehicle ownership issues stem from routine oversights, like expired documents or missing records, rather than major failures. He added that CarInfo reduces the complexity of managing car and bike ownership by making essential information instantly accessible.

Founded by Saajid Mani, CarInfo now serves over 12 million monthly active users, growing steadily through consistent utility rather than short-term hype, according to Chopra.

Expanding Beyond Vehicle Transactions

The acquisition fits CARS24’s larger strategy of moving beyond buy-sell transactions to cover the entire vehicle ownership lifecycle. By integrating vehicle information and compliance services, the company aims to deepen customer engagement and become a one-stop platform for car and bike owners.

Strong Operational Performance

In FY24, CARS24 sold over two lakh cars and reported revenues close to ₹7,000 crore. The company is also strengthening its leadership team and business verticals in preparation for a potential public listing. FY25 financials are yet to be disclosed.

The used-car and automotive services sector is seeing increased consolidation. For example, Spinny is set to acquire car-servicing platform GoMechanic, a deal first reported by Entrackr in November last year.

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