Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 14 2019

Used Car Marketplace Cars24 gets investment from MS Dhoni

Recently, Cars24 has forayed into the franchise model and intends to scale up its presence in over 300 tier two, three, and four markets by 2021.

CARS24, one of India’s fastest growing tech-enabled used car companies, has announced a strategic partnership with cricketer Mahendra Singh Dhoni. The move will elevate and strengthen the brand as it continues to expand across markets. 

Under this partnership, Dhoni will own equity in the Gurugram-based company and will act as its brand ambassador. Dhoni’s investment is a part of its Series D round of funding. 

Vikram Chopra, Co-Founder and CEO, CARS24, said, “We are very excited to welcome Mahi into the CARS24 family. He is a role model and hero to most Indians. His ability to constantly evolve, innovate and find solutions to every problem thrown at him over the years have made him the most celebrated captain in the Indian history. It’s the same of values that we live by at CARS24 and therefore the partnership felt natural and perfect. We also share a common love for cars which makes this even more special.”

Dhoni added, “I am thrilled to be part of the CARS24 journey. Besides being a fan of all things to do with cars, I am also a fan of new-age companies that are disruptive, innovative and shaping the future. CARS24 is definitely one of these companies. They have big ambitions and I am excited to work with them and help them achieve their goals.”

CARS24 was founded in 2015. It is the largest platform for buying and selling cars in India, having revolutionised the way pre-owned cars are sold in the country.

Recently, the company has forayed into the franchise model and intends to scale up its presence in over 300 tier two, three, and four markets by 2021.

Comment
image
Related opportunities
  • Car wash / Ceramic Coating / Detailing
    About Us: Express Car Wash is a unique mechanized car cleaning..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gautam Buddha Nagar Uttar Pardesh
  • Womens Wear
    About Us: TOSCEÉ, a venture of Orchid Ent Outfit Private Limited,..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car wash / Ceramic Coating / Detailing
    About Us: AUTOTRIZ is a global leading producer of high quality..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Furniture/Home Decor & Furnishing
    About Us: Founded in 2016, Fanusta.com is a curated marketplace of..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities