Cars24 along with DST is looking to raise around $200 mn to $250mn. This will take the valuation of Cars24 to $2 bn. In November Cars24 closed a series E round that took their valuation beyond the $1bn marks. Both companies have declined to comment on the deal. The startup is looking to extend its influence in Australia and UAE. Cars24 said, in Nov their site traffic had grown by 4 x since the start of the pandemic.