India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation [TechCrunch Blog]
Opendoor Technologies Inc (OPEN)
Company Research
Source: TechCrunch Blog
The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth:Cars24DST Global, Falcon Edge and SoftBank Vision Fund 2 co-led the Series F, with Tencent and existing investors Moore Strategic Ventures and Exor Seeds also participating.The debt round came from a mix of financial institutions. This fundraise, now confirmed and official, wasrumoredVikram Chopra, the CEO who co-founded the company in Gurugram with Mehul Agrawal, Ruchit Agarwal and Gajendra Jangid, said that the plan will be to use the funds across a range of areas.They include national and international expansion (it’s already operating in India, Australia and UAE, and has its eyes on more markets); technology (specifically areas like further expanding its virtual appraisal process, as well as more data science around pricing and other details related to sales and after-sales); and financin
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OPEN
Earnings
- 2/15/24 - Beat
OPEN
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- 4/17/24 - Form 4
- OPEN's page on the SEC website