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E-commerce

Cars24 Targets IPO Filing by April Without Fresh Capital Since 2022

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Cars24 Targets IPO Filing by April Without Fresh Capital Since 2022

Cars24's CFO stated the company expects to be eligible to file its DRHP by April, having not raised capital since its 2022 $3.3 billion valuation round. Auto e-commerce builders should note: pre-IPO profitability and cash generation are now non-negotiable—the era of funding-first, margin-later is closed for this sector.

Source: YourStory ↗

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