Indians’ fear of contracting coronavirus has given birth to the country’s latest unicorn.
On Nov. 24, Cars24 India, an online marketplace for second-hand cars, said it had raised $200 million (Rs1,330 crore) on a valuation of over $1 billion. The Gurugram-based company raised the money from DST Global, the investment firm led by Russia’s most influential tech investor Yuri Milner.
Cars24 joins a host of Indian startups that crossed $1-billion in valuation during the pandemic. Most of these ventures got a push as Indians opted to stay indoors and transact online to avoid contracting the virus.
Originally published on Quartz : Original article