Cars24 leadership shake-up amid IPO push. CEO Himanshu Ratnoo is stepping down from his role leading the Indian used car operations after over five years with the startup. Cofounder Vikram Chopra will assume direct control of the division. The leadership change comes roughly two months after Chopra announced plans for an IPO within six to twelve months. Cars24 reported strong financial momentum with adjusted net revenue rising eighteen percent year-over-year to 651 crore rupees in the first half of fiscal 2026, while trimming adjusted EBITDA losses by thirty-six percent. The unicorn startup, valued at over one point three billion dollars in total funding, is aggressively expanding through acquisitions including Team BHP and CarInfo to diversify beyond its core used car marketplace.
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