Cars24 Eyes IPO in 6-12 Months, Reports Strong H1 FY26 Growth

• Cars24 CEO Vikram Chopra announced plans for a public listing in India within the next 6-12 months.
• The company reported an 18% year-on-year increase in adjusted net revenue to Rs 651 crore in H1 FY26.
• Adjusted EBITDA burn reduced by 36% to Rs 162 crore, indicating improved operating efficiency.
• Around 85,000 vehicles were transacted across India, UAE, and Australia, with a total GMV of Rs 3,731 crore.
• Cars24 has expanded its services to include insurance, challan payments, and vehicle history reports, generating Rs 94 crore in GMV from these new offerings.

Why It Matters: Cars24 is preparing for an IPO within a year, driven by strong financial performance and service expansion.