Startup Strategy
CARS24 currently holds the highest valuation in the used car space, estimated at $3.3 billion, through their customer-first approach that ensures a hassle-free used car buying experience, and stress-free ownership experience, backed by market-leading 3 year warranties, easy returns, and CARE+ packages that enhance peace of mind especially for first time buyers. Likewise, Spinny has also captured a fair chunk of the market with its D2C-only model, valued at $1.6 billion, along with OLX, and Droom, which leverage broader marketplaces and data analytics.