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    Cars24 becomes India’s latest unicorn, raises $200 million funding

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    Online used car marketplace Cars24 has secured $200 million in Series E financing led by existing investor DST Global at a post-money valuation of just over $1 billion, catapulting the company into the unicorn club, becoming the first startup in the auto sector to achieve this milestone. Its valuation has jumped from $500 million in October last year, when it had raised $100 million.

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