Embracing the UAE Government’s landmark “2.5 Weekend” decision, one of the fastest-growing automobile technology startups for pre-owned vehicles, CARS24 is all set to adopt the new work week cycle from January 1st, 2022.
The Unicorn is currently carrying out due diligence on the new work week, considering all the aspects from its industry, stakeholders, and employee’s perspective.
“We at CARS24 are looking forward to this new change and highly appreciate the progressive efforts taken by the UAE Government to align the local marketplace with the international markets. We are delighted and proud to be operating in a country with such amazing visionary leaders that are always adopting ways to boost the economy on a constant basis and at the same time ensure that there is a great work-life balance.”
Mr. Gupta further added that “We strongly believe that it’s always better to align the weekends along with other key institutions such as banks and insurance companies as we closely work with them on a daily basis. This will enable us to function more effectively and efficiently. Furthermore, as an eCommerce company we will be available 24/7 for all the mission-critical operations and work through the week for our customers and valued partners as we already have an established system in place to address any business-related requirements.”
Ever since starting its operations in the UAE in May 2021, CARS24 has sold over 3,000 cars and all of these transactions were conducted entirely online. Earlier in September, the firm committed to a $100 million investment in the UAE and other GCC countries to further expand its presence.
“CARS24 currently operates in other overseas markets such as India, Australia, and Thailand where they have been following a Saturday and Sunday weekend. This change here in the UAE will now also help us align with our international counterparts as well,” the CARS24 CEO concluded.
CARS24 is currently backed by marquee investors like Sequoia, SoftBank, Falcon Edge, DST Global, and Kingsway Capital. Rewarding the firm’s growth-oriented business model, it has been able to raise close to $1 billion since it launched operations in 2015.