Cars24 expects DRHP eligibility by April as profitable scale-up readies public-market path
Cars24 expects to be eligible to file its draft red herring prospectus by April, according to its chief financial officer, marking a significant step toward a potential public listing. The used-car marketplace has not raised fresh capital since its 2022 round at a $3.3 billion post-money valuation, with the company saying it has not needed additional funding.
