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Bottomline: Cars24's lending arm turns a corner but faces rising bad loans

Finance

07 March, 2024

Bottomline: Cars24's lending arm turns a corner but faces rising bad loans

Cars24 Financial Services Pvt. Ltd, the non-banking finance company (NBFC) wholly owned by used-car marketplace Cars24, has boosted its topline ......

Former Cars24 executive floats new venture with Grip Invest

TMT

21 September, 2023

Former Cars24 executive floats new venture with Grip Invest

Kunal Mundra, former India chief executive officer of used car selling platform Cars24, has teamed up with lease finance platform ......

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SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry

TMT

12 September, 2023

SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry

Indian used-car online retailer Cars24 aims to turn its UAE operations profitable by the second half of 2024 and then ......

Tiger Global-backed Jupiter snags $12 mn

TMT

05 January, 2023

Tiger Global-backed Jupiter snags $12 mn

Amica Financial Technologies Pvt Ltd, which runs neobanking startup Jupiter, on Thursday said it has secured Rs 100 crore (around ......

Fund floated by entrepreneurs invests in over 45 startups in 2022

TMT

29 December, 2022

Fund floated by entrepreneurs invests in over 45 startups in 2022

Bharat Founders Fund , a venture capital fund floated by a group of over 70 Indian entrepreneurs, on Thursday said ......

Cars24's losses widen in FY22, while revenues surge 87%

TMT

09 December, 2022

Cars24's losses widen in FY22, while revenues surge 87%

Used cars marketplace Cars24 Services Pvt. reported a net loss from its domestic business of Rs 248.07 crore for FY22, ......

Cars24's India biz revenue jumps 87% in FY22

Finance

11 November, 2022

Cars24's India biz revenue jumps 87% in FY22

Used cars marketplace Cars24, on Friday reported a jump of over 87% in its FY22 India business revenue year-on-year, at ......

Udaan raises $120 mn from existing investors; aims to go public in 12-18 months

TMT

27 October, 2022

Udaan raises $120 mn from existing investors; aims to go public in 12-18 months

Business-to-business marketplace Udaan has raised $120 million (around Rs 960 crore) in convertible notes and debt, led by existing shareholders ......

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Fable Street raises Rs 50 cr from Fireside Ventures, others

Consumer

22 September, 2022

Fable Street raises Rs 50 cr from Fireside Ventures, others

Direct-to-consumer (D2C) company Fable Street Lifestyle Solutions Pvt. Limited., which owns western wear company, FS Life and runs FableStreet, Marigold, ......

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LeadSquared to go inorganic with expansion in sight

TMT

22 August, 2022

LeadSquared to go inorganic with expansion in sight

LeadSquared, a marketing and sales automation software-as-a-service (SaaS) platform, is eyeing inorganic opportunities to expand its domestic and overseas operations, ......