Cars24 Lending arm raises Rs 10 crore in debt funding

Date posted: Monday 13 July 2020

Cars24 Financial Services, the lending subsidiary of Cars24 – the online platform for selling used cars, has raised debt funding of Rs 10 crore from Vivriti Capital, mainly for onward lending to its customers looking to pick up used cars. Cars24 will use the funds raised to lend to small deals and consumers across 50 cities where it is operational.

(Moneycontrol)