The company was founded in 2015 in India and aims to revolutionize the way used cars are sold by providing an efficient and reliable way for car owners to sell their used cars at a reasonable price. CARS24 uses an AI-enabled pricing algorithm that displays the accurate market price and appraisal price of a vehicle, and also books appointments for vehicle inspection. The platform helps customers sell their vehicle in a secure and efficient manner, and is backed by Exor Seeds, Moore Strategic Ventures, and Unbound.