Founder · Cars24

Ruchit Agarwal

Co-founder & CFO of Cars24, an automotive company based in Gurugram.

Co-founder · CFOGurugramAutomotive
Founded
2015
Gurugram, Haryana, India
Raised to date
$950M
3 rounds on record
Latest round
Series G (equity)
$300M · Dec 2021

About

Ruchit Agarwal is Co-founder & CFO of Cars24, an automotive company based in Gurugram, founded in 2015. Cars24's most recent disclosed round was a Series G (equity) of $300M in Dec 2021.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2015
Cars24
Automotive · Gurugram

Cars24 is a Gurugram-based used-car marketplace spanning buying, selling, financing and servicing, now rebuilt around AI across pricing, inspections, logistics and risk. Its Cars24 Labs arm invests in AI-first products and early-stage founders as the company prepares for a public listing.

Funding
Dec 2021Series G (equity)$300MAlpha Wave Global (lead), existing investors
Sep 2021Series F$450MDST Global, Falcon Edge, SoftBank Vision Fund 2 (leads), Tencent, Moore Strategic Ventures, Exor Seeds
Nov 2020Series E$200MDST Global (lead)
Company profile →3 rounds on record

Journey with Cars24

1 milestone
  1. 1 Jun 2026Milestone

    Launches Cars24 Labs with a $20M (~₹170 Cr) commitment to build AI-first products and back early-stage founders; internal AI rebuild has driven a reported 50% rise in revenue per employee. Read the story →

Also building Cars24

VCVikram ChopraCo-founder · CEO→MAMehul AgrawalCo-founder→GJGajendra JangidCo-founder · CMO→

Coverage

No stories mention Ruchit Agarwal yet.

Quick answers

Who is Ruchit Agarwal?

Ruchit Agarwal is a Co-founder & CFO of Cars24, an automotive company based in Gurugram, founded in 2015.

Who founded Cars24?

Cars24's founders and leadership on record at StartupFox are Vikram Chopra, Mehul Agrawal, Gajendra Jangid and Ruchit Agarwal.

How much funding has Cars24 raised?

Cars24 has raised $950M across 3 disclosed rounds on record. The latest was a Series G (equity) of $300M in Dec 2021, with Alpha Wave Global (lead), existing investors.

Where is Cars24 based?

Cars24 is headquartered in Gurugram, Haryana, India.

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Sources & updates

This profile is compiled by the StartupFox desk from company announcements, regulatory filings and our own reporting. If this is you, you can verify it with LinkedIn and edit it.

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