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2 mins read

Tesla stock will gain 550% and SpaceX's valuation will triple by 2030 under Elon Musk's leadership, top investor says

Fund manager David Baron is shaking off Tesla's recent stock slump and reiterating a bullish outloo…

Phil Rosen   


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2 mins read

Used car marketplace Cars24 has raised as much as Dream11 this year to set up operation overseas

Cars24 will use the recently-raised capital to fuel its brand’s global expansion in the Midd…

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6 mins read

Loss-making Cars24 is worth more than a profitable CarTrade ⁠— here’s why

#HangoutwithBI: All you need to know about the first Indian startup from the auto space getting rea…

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1 min read

Cars24 raises nearly half a billion dollars, doubles it valuation to $1.84 billion

CARS24, India's leading e-commerce platform for pre-owned vehicles, has closed a $450 million round…

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16 mins read

The Best Credit Cards With Primary Rental Car Insurance of 2024

Credit cards with primary car rental insurance can cover you for theft or damage without filing a c…

Joseph Hostetler, CEPF,Angela Fung   


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Spinny is the latest used car platform to join Cars24, Droom and CarDekho in unicorn club

The company said the raised capital would be utilised to bolster the customer experience, streng…

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2 mins read

CARS24's top brass including its global CTO and business head quit

Pre-owned e-commerce platform CARS24 on Monday saw some high-profile exits, including its global CT…

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8 mins read

Three unicorns, hundreds of crore in loss and very little market share — What's the hype around online car retailers?

In this same time span, CarTrade has hit the public market and Droom has formally announced its …

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6 mins read

The curious case of companies which command high valuations with low revenues

The Burgundy Private Hurun India 2022 list includes 61 companies with sales of less than 1,000 cror…

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1 min read

After Unacademy and Vedantu, Cars24 is the latest unicorn to lay off 600 employees

Calling it "business as usual", the company which has nearly 9,000-strong workforce, and is in the …

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2 mins read

Automobile marketplace Droom is raising $200 million in a pre-IPO round at unicorn valuation

Online automobile marketplace Droom has got the wheels rolling for its initial public offering (IPO…

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2 mins read

Cars24 is India’s latest unicorn as it raises $200 million from DST Global and existing investors

Indian marketplace for second-hand vehicles Cars24 has raised $200 million in a Series E round led …

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3 mins read

From Ukrainian noodles to electric cars. Here's how VinFast founder Pham Nhat Vuong built a more than $60 billion fortune

After selling his instant noodle business to Nestle for $150 million, Pham Nhat Vuong invested in V…

Matthew Fox   


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1 min read

Tesla becomes 2nd-fastest company in history to hit $1 trillion valuation

Elon Musk added more than $20 billion to his net worth on Monday after shares of Tesla surged as mu…

Matthew Fox   


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2 mins read

CarDekho plans to hire 2,000 people as used cars are selling like hot cakes in India

The startup, which already has a headcount of over 2800, aims to hire more in both tech and non-…

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Tesla's 425% surge this year ignores fundamentals more than any other stock rally in history, Needham says

Even if Tesla can boost sales at a 21% annual growth rate over the next decade, Needham's 2029 base…

Ben Winck   


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5 mins read

How millennials and the pandemic are powering India's used-car market, where 4 startups hit unicorn status in one year

The demand for pre-owned cars has soared across the world. India is an under-penetrated market: Onl…

Vasudevan Sridharan   


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2 mins read

Byju's most valuable startup in India and 11th in the world with a valuation of $16.5 billion

Edtech company Byju's is now India's most valuable unicorn startup with a valuation of $16.5 billio…

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2 mins read

Lucid is the next Tesla, BofA says, dubbing it one of the most legitimate electric car startups

BofA said Lucid could pose a threat to other startups like Tesla and Rivian, as well as more establ…

Grace Kay   


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2 mins read

Elon Musk has now cashed out $12 billion in Tesla stock in a 5-week selling spree, as he jokes he wants to quit his jobs

The billionaire sold another 934,091 shares of the electric-vehicle maker worth $963.2 million on T…

Shalini Nagarajan