[4] CARS24 was founded in 2015 by Vikram Chopra, Mehul Agrawal, Gajendra Jangid and Ruchit Agarwal as a platform to buy and sell used cars.

[5] In 2021, the company expanded its operations internationally in several countries, including the United Arab Emirates, Thailand and Australia.

[11] Cars24 Moto is a service which allows customers to sell used two-wheelers such as motorbikes, mopeds and scooters on its platform.

[citation needed] Apart from Dhoni, actors Boman Irani,[17] Mandira Bedi and Nawazuddin Siddiqui have endorsed the company in commercial advertisements.

Cars24's sponsorship of SRH marks the first time that a company from the second-hand cars category has sponsored an IPL team.