CARS24 to raise $350 mn, aims to go public in 18-24 months: Report

CARS24, an online marketplace for used automobiles, is reportedly closing in on a deal to raise about $350 million from DST Global, SoftBank Group and other investors. The funding is expected to value the six-year-old Gurugram-based startup at $2 billion, Bloomberg reported. CARS24 is reportedly also planning for an IPO and aims to go public in 18 to 24 months.