India’s CARS24 enters UAE as it expands globally

By Arya M Nair, Intern Reporter
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CARS24, one of the world’s fastest-growing pre-owned vehicle e-commerce platforms headquartered in India, has joined the UAE market with a wide range of cars for the country’s automotive lovers.

The company has invested a lot of effort into its digital infrastructure, and as a result, it is one of the first companies in the UAE to offer a completely online auto purchase experience.

CARS24 has grown quickly for a firm that only started in 2015. It has grown at a pace of more than 100 percent year on year, with a presence in 100 cities and counting in India. CARS24 also offers a variety of other services to its customers, including financing and warranty.

Buyers can search among hundreds of cars, select and book their preferred car, complete the payment and documentation process, and could have the car delivered to their home. CARS24 has made buying a car as fast and simple as shopping for groceries online.

All cars listed on the CARS24 platform go through a 150+ point inspection check, are refurbished thoroughly, and undergo the stringent RTA test before they are listed online. Every car bought from CARS24 comes with a 7 days money-back guarantee and 2 years warranty.

Abhinav Gupta
Abhinav Gupta
Gulf Region

“UAE is known across the globe for its appetite for cars, and for early adoption of technology across industries. We are here to cater to the needs of car lovers and have invested heavily in technology to ensure that they can buy cars with a click of a button. We aim to offer our customers an easy, seamless, and transparent car buying experience.”

Earlier this year, CARS24 planned to expand into other Middle Eastern and Southeast Asian markets. The company has already sold close to 400,000 cars in other international markets.

CARS24 will use its global wealth of experience and continue to invest in technology as part of its expansion goal to change the car-buying experience in the UAE. To date, the company has raised $400 million in investment. Sequoia India, Exor Seeds, DST Global, Kingsway Capital, Unbound, Moore Strategic Ventures, and KCK are among the investors who have funded CARS24.

Related: Saudi’s Speero raises $1.8mn to expand its online automotive parts business