Odisha

Cars24 Sets Foot In Bhubaneswar

By
OB Bureau

Bhubaneswar: Tech-based used car marketplace Cars24 on Monday opened its first outlet in Odisha.

With this outlet on the Janpath at Saheed Nagar here, the company has now reached 73 cities and is intending to expand to more tier-III and tier-IV towns.

“Given our expansion plan in 2020, we will be adding approximately 200 more branches, perhaps adding 100 more cities to our entire portfolio,” said Gajendra Jangid, Co-founder and Chief Marketing Officer (CMO), Cars24, said.

Jangid said that the supply mostly comes from tier-I cities, while the same cars end up being sold in tier-II and tier-III cities.

Cars24 buys used cars from users and sells them to businesses across India. The company is backed by Sequoia India, Exor Seeds, Apoletto, Kingsway Capital and US-based investment firm KCK.

OB Bureau

Recent Posts

One Killed, Two Injured In Mukhyamantri Bus-Bike Collision In Odisha’s Ganjam

Berhampur: One person was killed and two others were injured in a collision between a…

November 5, 2024

Raveena Tandon’s Daughter To Debut With Ajay Devgn’s Nephew

Mumbai: Bollywood actress Raveena Tandon’s beautiful daughter Rasha Thadani is all set to make her…

November 5, 2024

Odisha Govt To Organise ‘Shree Anna And Forgotten Foods’ Symposium

Bhubaneswar: The Odisha government will organise "Shree Anna and Forgotten Foods" symposium to promote food…

November 5, 2024

UP Woman, Three Children Shot Dead, Husband’s Body Found Hours Later

New Delhi: The bullet-riddled bodies of a 45-year-old woman and her three children, aged 25,…

November 5, 2024

Temple Attack In Canada: Political Space Given To Extremists, Says Jaishankar

New Delhi: External Affairs Minister S Jaishankar on Tuesday expressed serious concerns regarding the increasing…

November 5, 2024

[Watch] Samantha Ruth Challenges Past Failures For A Better Future In Films

Mumbai: During an Ask Me Anything session, actress Samantha Ruth Prabhu, who had set the…

November 5, 2024

Senior Servitor Blames Heritage Corridor For Cracks On Boundary Wall Of Jagannath Temple In Puri

Puri: After Odisha's Law Minister, a senior servitor of Jagannath Temple in Puri has blamed…

November 5, 2024

One-Night Stands To Forced Abortions, Somy Ali’s Shocking Allegations Against Salman Khan

Mumbai: Salman Khan’s ex-flame Somy Ali, during a recent ‘Ask Me Anything’ session on Reddit,…

November 5, 2024