Cars24 Eyes April 2027 Reverse Flip Ahead Of IPO Filing

by · Inc42

SUMMARY

  • Cars24 expects to complete its reverse flip from Singapore to India by April 2027 and file its DRHP thereafter
  • The development brings Cars24 closer to its long-awaited IPO as rivals Spinny and CarDekho also prepare to tap the public markets
  • Cars24 plans to use IPO proceeds to expand its retail footprint from 25 to up to 200 cities in India, while continuing its expansion in the Gulf countries and Australia