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Oct 25, 2023 · Meet MS Dhoni’s millionaire business partner who owns Rs 27,000 crore AutoTech company. Vikram Chopra, co-founder and CEO of CARS24, is MS Dhoni’s business partner. According to Economic Times,...
- Karishma Shetty
Vikram Chopra, Gajendra Jangid the best 40 under 40 entrepreneurs 2022 in India. Read Vikram Chopra, Gajendra Jangid stories and about the businesses they've built at FORTUNE INDIA
Meet Vikram Chopra, the fearless driver who swapped a cushy seat at Wharton for the wild ride of entrepreneurship—because, why not? After cruising through IIT Mumbai, McKinsey, and Sequoia Capital, Vikram decided the corporate highway was just too tame.
Vikram Chopra (also known as Vicky Chopra; born on 9 June) is an Indian film director, screen writer [1] [2] and actor. [3] He is the nephew of Indian filmmaker Vidhu Vinod Chopra. [4] [5]
- Cars24 - About and How It Works
- Cars24 - Industry
- Cars24 - Startup Story
- Cars24 - Mission and Vision
- Cars24 - Name, Tagline and Logo
- Cars24 - Business Model and Revenue Model
- Cars24 - Growth and Revenue
- Cars24 - Products and Services
- Cars24 - Challenges
- Cars24 - Competitors
CARS24 is a cutting-edge e-commerce platform for pre-owned autos, including cars and bikes, which strives to make buying and selling autos a breeze. The platform offers a wide range of certified cars along with smooth and convenient home delivery facilities with the click of a button. On the other hand, the company also takes care of its sellers, w...
The used car market in India was valued at $27 billion in 2020 and will probably reach around $50 billion by 2026. This is an industry that hardly had to face any after-effects of the COVID-19 pandemic. The CAGR of the industry has been registered at 15% during the period between 2021 and 2026.
On scanning the used cars industry, the founders quickly discovered that the industry was in utter chaos. Besides, the industry is full of loopholes that went unmended from the very beginning. A standard procedure is thus, totally absent when it comes to selling or purchasing a used car. Furthermore, the industry was also devoid of any technologica...
The vision of the company is to revolutionize the way used cars are sold by coming up with an efficient and reliable way for car owners to sell used cars at a reasonable price.
Though CARS24 hasn't disclosed a naming story, the name CARS24 has probably come from their idea of emerging as a 24/7 car buying and selling platform.
The business of CARS24 is modelled on the model of a used-car resale business. The CARS24 business modelrevolves around the parameters of buying any car from its owner at the best price compared with other car resale services in the area. Basically, what CARSs24 aims to offer Indian consumers is an alternative to other tedious means of selling a us...
CARS24 is currently hailed as the market leader in the online used car space with over 90% of the market share. The company has clocked over four lakh transactions to date.
R&D Center
CARS24 has opened its second research and development (R&D) facility in Bengaluru, Karnataka, on October 6, 2023 with the goal of promoting growth, innovation, and ecosystem development.
eChallan Service
CARS24 announces the launch of its eChallan service, on September, 6, 2023. Through the CARS24 website and mobile application, private vehicle owners can monitor and clear their outstanding challans thanks to this feature.
Pilot Program
Cars24 launched a pilot program in Gurgaon that allows users to hire drivers, according to a March 12, 2024, news story. This service was introduced earlier in March with the intention of measuring consumer reaction in Gurgaon before going national. Car owners can hire drivers for round-trip, one-way, and out-of-town journeys through the pilot program.
The market of used cars sure has a huge potential for growth and this is why most of the startups of today are eying this market. Therefore, CARS24 needs to fight the newcomers in the industry and tackle the existing challenges in the market from the older players. Furthermore, ensuring an adequate supply of used cars might also emerge as a challen...
CARS24 directly faces cut-throat competition in the market. It competes with companies that operate in the same segment and caters to the same target audience such as: 1. CarDekho 2. Droom 3. Quikr Auto 4. Olx 5. CarTrade 6. NDTV Auto
- August 2015
- Automotive
- Gurgaon, India
Sep 9, 2021 · Vikram Chopra: Data science plays a critical role in the success of CARS24. Correct pricing and quality assurance post-inspection are essential levers to CARS24. Human beings do not make these decisions, but a fully automated setup does.
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Oct 18, 2023 · Vikram Chopra is the co-founder and CEO of the ultra-successful used car-selling platform Cars24, which leads the space in selling and buying second-hand vehicles. Cars24 was started by Chopra in 2015, along with Mehul Agrawal, Gajendra Jangid and Ruchit Agarwal.
