Cars24 Raise $200 million Funding from DST Global on Advice from Law firm AP&Partners

NEW DELHI:
Cars24, a leading online marketplace for buying and selling used cars, has raised $200 million from DST Global at a new round of funding, resulting in a substantial jump in its valuation to more than $1 billion and pitch-forking it in the coveted unicorn club.

Cars24, which raised the funding on Tuesday, was advised by Delhi-based law firm AP&Partners for this deal. The team of AP&Partners was led by lawyers Arjun Sinha and Tanisha Khaitan.

DST Global was advised by Abhishek Krishnan from Goodwin Procter. Goodwin Procter was also supported on India’s law-related diligence by Khaitan & Co.