Used-car marketplace CARS24 has broadened its vehicle ownership platform by acquiring automotive utility startup Vehicle Info. This move follows CARS24’s previous acquisition of CarInfo earlier this year, demonstrating the company’s commitment to enhancing its services beyond just vehicle transactions.
Vehicle Info, founded in 2017 by Chirag Pipaliya, offers users a centralized platform to access essential vehicle information such as insurance status, traffic violations, FASTag balance, and registration details. By integrating Vehicle Info’s capabilities into its ecosystem, CARS24 aims to provide comprehensive support to users throughout their vehicle ownership journey, not just during the car buying and selling processes.
CARS24’s CEO, Vikram Chopra, emphasized that managing vehicle documentation and compliance is a recurring task for car owners, potentially leading to more frequent interactions with the CARS24 platform, which aligns with the company’s vision to create a holistic vehicle ownership experience.
This strategic acquisition follows CARS24’s previous acquisitions, including Team-BHP and CarInfo, as the company continues to expand its ecosystem, offering not just a marketplace for used cars but also ancillary services such as financing, insurance assistance, and warranty support.
Source: Inc42 Media