India’s CARS24 Acquires Vehicle Information Platform CarInfo
Indian used-car marketplace CARS24 announced the acquisition of CarInfo, a vehicle information and management platform, marking the company’s second acquisition this year following its purchase of automotive community platform Team-BHP.
The deal also includes BikeInfo, which will join the CARS24 ecosystem. Both apps will continue operating independently with their existing teams. CarInfo simplifies access to critical vehicle-related data, including registration details, insurance status, pollution certificates, traffic fines, FASTag status, and other compliance requirements—areas that often cause challenges for vehicle owners due to fragmented data systems.
Vikram Chopra, Founder and CEO of CARS24, said that many common vehicle ownership issues do not stem from major breakdowns but from routine oversights such as expired documents or difficulty accessing records. He noted that CarInfo was built to simplify car and motorcycle ownership by providing instant access to essential information with minimal effort.
Although CARS24 did not officially disclose the transaction value, MediaNama, citing regulatory filings, reported that the deal is worth INR 118 crore (approximately USD 13 million).
Founded by Sajid Mani and his team, CarInfo has grown steadily to serve over 12 million monthly active users. Chopra described the platform as a utility-driven product that expanded through consistent value rather than short-term hypergrowth, becoming a widely used tool for managing daily vehicle needs.
Beyond Buying and Selling Vehicles
The acquisition aligns with CARS24’s broader ambition to move beyond vehicle buying and selling and expand across the entire ownership lifecycle, integrating information and compliance services to deepen customer engagement and build a more comprehensive platform for car and motorcycle owners.
The deal comes as CARS24 continues to scale its operations. In FY2024, the company sold more than 200,000 vehicles and generated nearly INR 7,000 crore (around USD 770 million) in revenue. The company is also strengthening its leadership and business verticals ahead of a potential public listing. Financial figures for FY2025 have yet to be disclosed.