GURUGRAM, Jan 05, 2026 – In a move aimed at dominating the post-purchase automotive lifecycle, CARS24, India’s leading used-car marketplace, has officially acquired the vehicle information platform CarInfo. While the exact financial terms were not officially disclosed, industry sources peg the deal at approximately ₹400–₹425 crore ($48M–$51M) in a mix of cash and stock.
Expanding the Ecosystem
The acquisition is CARS24's second major purchase in less than a year, following its acquisition of the automotive community platform Team-BHP in April 2025. By integrating CarInfo—and its sister app, BikeInfo—CARS24 aims to solve the "low-frequency" problem of car transactions. While a typical user might buy or sell a car once every few years, they require vehicle management services (insurance, pollution checks, and challan payments) multiple times a year.
Standalone Operations and User Base
CarInfo, founded in 2019 by Sahil Ajmani, has built a massive footprint with over 12 million monthly active users. The platform simplifies access to fragmented data, allowing users to track:
RC (Registration Certificate) details and ownership history.
Insurance and Pollution (PUC) certificate validity.
Traffic challans and payment history.
FASTag status and resale value estimates.
CARS24 CEO Vikram Chopra confirmed that CarInfo will continue to operate as a standalone app under its existing leadership team, ensuring its 50 million+ lifetime downloaders retain the same user experience while gaining deeper integration with CARS24’s financing and service arms.
Strategic Importance and IPO Goals
This acquisition comes at a critical time as CARS24 restructures its business ahead of a potential public listing (IPO) in the next 12 to 18 months. The company has recently streamlined its operations by shutting down non-core verticals (like its spare parts and driver hiring services) to focus on high-margin, high-engagement digital services.
In FY24, CARS24 reported a revenue of ₹6,917 crore, a 25% year-on-year growth. By bringing CarInfo’s 12 million monthly users into its fold, CARS24 is positioning itself as a "Super App" for mobility, competing directly with other players like Spinny (which recently acquired GoMechanic).