Cars24 Co-founder Gajendra Jangid steps down from executive role

Cars24 Co-founder Gajendra Jangid is stepping down from his executive role at the used-car marketplace ahead of the company’s planned IPO. "After eleven years, I am stepping down from my role as Co-founder of Cars24," he said in a post on LinkedIn. His exit comes shortly after the departure of the company’s India used-cars CEO Himanshu Ratnoo earlier this year.