The used-car marketplace CARS24 has purchased the vehicle data and management platform CarInfo. This is the second acquisition made by the Gurugram-based company in a year, following its takeover of the automotive community platform Team-BHP.

The purchase integrates CarInfo and its additional app BikeInfo into the CARS24 ecosystem, while both services will still function as independent apps with their current teams. CarInfo aims to streamline access to vehicle-related information, including registration details, insurance and pollution certificate validity, challans, FASTag status, and other compliance requirements, which often create challenges for vehicle owners due to disjointed data systems.

In announcing the development, CARS24 founder and CEO Vikram Chopra stated that many typical vehicle ownership problems stem not from significant breakdowns but from everyday oversights, such as expired documents or hard-to-access records. He stated that CarInfo was developed from the understanding that managing vehicles, both cars and bikes, is complicated, and that the platform alleviates this challenge by providing vital information quickly and with little user effort.

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Although CARS24 has not publicly revealed the deal's worth, MediaNama initially reported the amount at Rs 118 crore, referencing a regulatory filing.

Established by Saajid Mani and his team, CarInfo has grown consistently over the years and currently caters to over 12 million active users each month. Chopra characterized the platform as a tool that has developed through steady utility instead of quick, temporary uptake, evolving into a frequently utilized resource for handling daily vehicle requirements.

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The purchase fits with CARS24’s larger goal to grow beyond vehicle sales into the complete ownership lifecycle. CARS24 seeks to enhance customer interaction and establish a more thorough platform for car and bike owners by combining vehicle data and compliance services.

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The agreement occurs as CARS24 expands its operations. In FY24, the firm sold more than two lakh vehicles and announced revenue near Rs 7,000 crore, while enhancing its leadership framework and business segments in anticipation of a possible public listing. The firm has not submitted its FY25 figures.

The larger used-car and auto services sector is anticipated to experience additional consolidation, with Spinny planning to acquire the car-servicing platform GoMechanic.