CARS24, an online transaction platform for pre-owned vehicles, announced raising $200 million in Series-E funding round led by DST Global where it was valued at over $1 billion. Existing investors in the startup, such as Exor Seeds, Moore Strategic Ventures and Unbound, also participated in the funding round. The company will use the funds raised to invest aggressively in technology and product innovation and scale up new business verticals.

(Business Standard)