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SUMMARY
CARS24 will primarily use the funds for working capital needs and strengthening its core offerings, a source said
The funding comes almost a year after Global Car Group pumped in INR 250 Cr in CARS24
Ahead of its probable IPO, CARS24 is doubling down on profitable verticals while shutting or downsizing other verticals
Auto marketplace CARS24’s Singapore-based parent, Global Car Group Limited, has infused INR 345.2 Cr in the startup.
CARS24’s board approved the allotment of 3.04 Lakh equity shares to Global Car…
