Cars24’s annualised transaction GMV surpasses Rs.11,000 Crore amid profitable growth and AI-Led efficiency
Gurugram (Haryana) [India], September 12 (ANI): Cars24 recorded a strong August, with transaction GMV reaching ₹937 crore, up 37% year-on-year and 11.1% month-on-month. This takes the company to an annualised GMV run rate of approximately ₹11,000 crore.
More importantly, adjusted net revenue grew faster than the transactions flowing through the platform. Adjusted net revenue reached ₹173 crore in August, up 46% year-on-year and 16.4% month-on-month, putting Cars24 at an annualised run rate of over ₹2,000 crore.
