MS Dhoni invests in CARS24
New Delhi, August 13 () Former Indian cricket captain Mahendra Singh Dhoni has invested in the used car company with CARS24-enabled technology, the company said Tuesday.
As part of the partnership, Dhoni will be the owner of capital in the company and will become its brand ambassador, CARS24 said in a statement.
However, the size of the agreement was not disclosed. The investment is part of the series D financing round, he added.
His ability (of Dhoni) to constantly evolve, innovate and find solutions to every problem that has been presented over the years has made him the most famous captain in Indian history, said CARS24 co-founder and CEO, Vikram Chopra
CARS24 lives in accordance with these values and, therefore, the association felt natural and perfect, he added.
Founded in 2015, CARS24 is among the largest platforms for buying and selling cars in the country. The company has recently announced its foray into the franchise model and intends to expand its presence in more than 300 levels II and beyond the markets by 2021.
It has more than 10,000 channel partners from more than 230 cities across India and more than 155 branches in more than 35 cities. The company is backed by investors such as Sequoia India, Exor Seeds, partners of DST Global, Kingsway Capital and KCK. SR SHW ANU ANU