In the LinkedIn post, Agrawal who joined the company in July 2021, said he would move from CARS24 in the next few months.
I joined CARS24 with a special purpose to help the scale of many countries at the same time – a very challenging task because, as an e -commerce company with a complex execution, we built every country like an independent startup. We also did it at once,” he said.
I will forever be bound to this mission to help consumers experience a pleasant way to buy and sell cars, and hope the best team in increasing the new height scale,” Agrawal added.CARS24 Head of Human Resources Official Mrinal Sinha has also entered letters.
The used car market, determined for IPO, in May announced that around 600 employees were released based on their poor performance and not because of “cost cutting”.
Calling it “business as usual”, the company, which has nearly 9,000 strong workers, and is in the process of employing more global, said its business actually grows in India, the Middle East, Australia and Southeast Asia.
This is a business as usual because this is a exit related to the performance that occurs every year,” the company said in a statement.
In December last year, CARS24 closed the $ 400 million funding round, including the G series of G series worth $ 300 million along with $ 100 million debt from various financial institutions.
This platform is worth $ 3.3 billion, about double the evaluation from the previous round in September 2021.
The new company announced the launch of the seven ‘Mega Renovation Lab’ (MRLS) in India – a first industry, and one MRL at the UAE which is one of the largest commercial rental offers in Dubai.
CARS24 has an aggressive plan for 2022. We witnessed greater acceptance among customers around the world for our platform when buying their next car,” said Vikram Chopra, one of the founders & CEOs, CARS24.
