Cars24

The capital will be utilised to to lend to small dealers and consumers across 50 cities where Cars 24 operates

Cars24 loss in FY19 widens to Rs325.6 crore from Rs79 crore a year agoThe company announces a strategic partnership with MS Dhoni, as its brand ambassador and one of the investors

Investor interest driven by scope for future growth given small baseOnline used car retailer Spinny is in talks to raise $35 million in a funding round led by Fundamentum

As part of the partnership, Dhoni will own equity in Cars24 and will act as its brand ambassadorThe company recently announced its foray into the franchise model and intends to scale up its presence in 300+ tier two, three, and four markets by 2021