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CARS24 acquires CarInfo to expand into vehicle information services

EntrackrEntrackr · 10d ago
CARS24 acquires CarInfo to expand into vehicle information services
Medial

CARS24 acquires CarInfo to expand into vehicle information services Used-car marketplace CARS24 has acquired vehicle information and management platform CarInfo. This is the Gurugram-based company’s second acquisition within a year, after it took over the automotive community platform Team-BHP. The acquisition brings CarInfo and its other app BikeInfo into the CARS24 ecosystem, though both platforms will continue to operate as standalone apps with their existing teams. CarInfo focuses on simplifying access to vehicle-related information such as registration details, insurance and pollution certificate validity, challans, FASTag status, and other compliance requirements. CARS24 founder and CEO Vikram Chopra mentioned the importance of managing vehicle ownership issues, particularly those like expired documents or inaccessible records. CarInfo was created with the insight that vehicle management for cars and bikes remains complex, reducing the burden by making essential information accessible with minimal effort. While CARS24 has not officially disclosed the deal value, MediaNama reported it at Rs 118 crore, citing a regulatory filing. Founded by Saajid Mani and his team, CarInfo serves more than 12 million monthly active users. Chopra described the platform as a product that has grown through consistent utility, becoming a commonly used tool for managing vehicle needs. The acquisition aligns with CARS24’s broader ambition to expand beyond vehicle transactions into the wider ownership lifecycle. By integrating vehicle information and compliance services, CARS24 aims to deepen customer engagement and create a comprehensive platform for car and bike owners. In FY24, CARS24 sold over two lakh cars and reported revenue close to Rs 7,000 crore. The company is preparing for a potential public market listing. The broader used-car and automotive services space is expected to see further consolidation, with Spinny set to acquire car-servicing platform GoMechanic.

Exclusive: ZappFresh converts into public company

EntrackrEntrackr · 1y ago
Exclusive: ZappFresh converts into public company
Medial

Joining the league of many companies such as Swiggy, FirstCry, Cars24, Pine Labs, and Pepperfry, meat delivery platform ZappFresh is preparing to go public. Taking the first step towards the process, the Gurugram-based firm is now converting into a public entity. The new name of the company is ‘DSM Fresh Foods Limited’, regulatory filings show. According to Entrackr’s sources, the company is likely to go IPO in the last leg of the ongoing financial year (FY25). Queries sent to ZappFresh didn’t elicit any immediate response. Founded in 2015 by Deepanshu Manchanda, ZappFresh sells fresh meat, seafood, and ready-to-cook items through its app and website. The company obtains its meat and fish from local farms, processes them at plants and customizes pieces before delivering them to the customers. Last year, it completed its first acquisition — Dr. Meat from Sukos Foods. Dr. Meat specializes in providing sustainably bred chicken from the outskirts of Bengaluru. It is also operational in Delhi-NCR. Zappfresh has also increased its authorized capital concerning the IPO and announced bonus shares in the ratio of 725:1 i.e. 725 equity shares for every 1 equity shares held by the shareholders, the filing added. Zappfresh proposed the appointment of Anchal Kapoor and Suman Chaudhary as independent directors, with Manchanda proposed to serve as Managing Director and Chairman of the company. The company has raised around $14 million to date including its $4.3 million funding from Ah! Ventures, HT Media and others in November last year. According to the startup data intelligence platform TheKredible, SIDBI Venture Capital is the largest external stakeholder in the nine-year-old firm followed by other investors. The company is yet to file its financial results for FY24 but its revenue from operations was flat at Rs 56 crore during the fiscal year ended March 2023. The firm posted a profit of Rs 11 crore in the same period.

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