CARS24 Names Himanshu Ratnoo As CEO Of Used Cars India

CARS24, an ecommerce platform specialising in pre-owned vehicles, has promoted Himanshu Ratnoo to Chief Executive Officer (CEO) of Used Cars India. In his new role, Ratnoo will oversee the company’s C2B and retail operations, focusing on scaling growth and fostering innovation.  

Ratnoo has been instrumental in driving key initiatives such as franchise model development, lead monetisation strategies, and enhancing luxury car transaction processes.  

CARS24 continues to solidify its position as a comprehensive platform offering services like vehicle buying, selling, loans, insurance, FASTag, driver-on-demand, and scrapping. Its financial arm, CARS24 Financial Services, further supports customers with a range of vehicle lending products.  

Despite no external funding in the last three years, CARS24 previously secured USD 450 million in December 2021 at a valuation of USD 3.3 billion. Its key investors include Alpha Wave, SoftBank, Tencent, and DST Global.