Used-cars marketplace Cars24 to raise $350-M from SoftBank, DST Global, Carlyle

Cars24, an online marketplace for pre-owned cars, is set to raise USD 350 million in a round that would value the company at around USD 1.8 billion. Major investors looking to pump cash into the Gurugram-headquartered startup are SoftBank, DST Global and Carlyle. Cars24 entered the unicorn club (valued at over USD 1 billion) in November last year, when it raised USD 200 million in a round led by DST Global, an investment company led by Russian-origin billionaire Yuri Milner. DST Global has earlier invested in Indian startups such as Udaan, Ola and Swiggy.