GURUGRAM: Cars24’s annualised transaction gross merchandise value (GMV) has crossed Rs 11,000 crore after the used-car platform recorded Rs 937 crore in GMV in August, up 37 per cent year-on-year and 11.1 per cent month-on-month.
Adjusted net revenue grew faster than GMV, rising 46 per cent year-on-year and 16.4 per cent month-on-month to Rs 173 crore in August. This puts the company’s annualised adjusted net revenue run rate at more than Rs 2,000 crore.
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