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Aya Lin · · 1 min readIn brief: Indian car marketplace Cars24 gets series D investment from pro cricketer
- Cars24, an Indian car marketplace, has announced a strategic partnership with international cricketer Mahendra Singh Dhoni as it further strengthens its brand and continues to expand across markets, Livemint reported.
- Under the deal, Dhoni will own equity in Cars24 and will act as its brand ambassador.
- The amount of his investment, which is part of the startup’s series D funding round, was not disclosed.
- Cars24 recently announced its foray into the franchise model and intends to scale up its presence in more than 300 tier two, three, and four markets by 2021.
Editing by Charmaine de Lazo
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