Cars24 acquires vehicle information management startup CarInfo in Rs 400 crore deal

SoftBank-backed used car sales platform Cars24 has acquired Delhi-based vehicle information management startup CarInfo. The deal size was around Rs 400-425 crore, people in the know said, adding it was a mix of cash and stock components.

This is Cars24’s second acquisition in the past year after it bought community platform TeamBHP in April 2025.

Announcing the deal on X, Cars24’s founder and chief executive Vikram Chopra said, “CarInfo (and Bikeinfo) were built around a very practical insight: vehicle management for cars and bikes has remained complex as information is scattered across systems. CarInfo focussed on addressing this by making vehicle information instantly accessible while reducing cognitive load, so owners could get what they needed easily. Carinfo has become the go-to platform for more than 12 million users every month to solve their vehicle needs.”

Chopra did not comment on the size of the deal.

One of the persons cited above said that Cars24 has been looking to add more frequent use cases to its offering. “Car purchase is a once-in-five-year event…but managing insurance renewals, getting pollution certificates issued and paying challans happen more often. That brings in steady user engagement to the platform,” the person said.

While CarInfo, which was founded by Sahil Ajmani in 2019 and bootstrapped, will continue to operate as a standalone app, it will also be a part of Cars24’s superapp offering. “We have always believed in simplifying car ownership, and together we can make it a 100x better experience for vehicle owners. Carinfo will continue as a standalone app with its own team,” Chopra wrote in his post.