Cars24 Lending arm raises Rs 10 crore in debt funding

www.moneycontrol.com
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The startup is looking to lend aggressively to help consumers buy private transport mode to deal with the pandemic
Cars24 Financial Services, the lending subsidiary of Cars24 - the online platform for selling used cars, has raised debt funding of Rs 10 crore from Vivriti Capital, mainly for onward lending to its customers looking to pick up used cars.

As per an internal survey Cars24 found out that 41 percent of the consumer's intention to purchase a…
Pratik Bhakta
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