KCK Global-backed automotive e-commerce marketplace Cars24 has secured a unicorn valuation in a round led by DST Global.

Cars24, an India-based online automotive marketplace backed by e-commerce services provider KCK Global, raised $200m yesterday in a series E round led by investment firm DST Global.

The round also featured Exor Seeds, a venture capital vehicle for holding company Exor, as well as investment firms Moore Strategic Ventures and Unbound. The cash was secured at a valuation above $1bn.

Founded in 2015, Cars24 runs an e-commerce platform that allows customers in more than 130 Indian cities to buy and…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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