CARS24, India’s leading e-commerce platform for pre-owned vehicles, has closed a $450 million round of funding, including a $340 million Series F equity round alongside $110 million debt from diversified financial institutions.
The Series F equity round was led by DST Global, Falcon Edge and SoftBank Vision Fund 2 along with participation from Tencent and existing investors Moore Strategic Ventures and Exor Seeds.
With the latest investment, CARS24 plans to expand its global presence as well as further build its cars, bikes and financing business in India, while continuing to invest in technology that delivers the best customer experience possible.
Royal Challengers Bangalore announced that ViratKohli will step down as RCB captain after the end of Indian Premier League 2021 season.
Kohli has been with RCB since the inception of IPL in 2008. He was appointed captain in 2011, but has been unable to win the trophy for the franchise.
Under him, RCB’s best show came in 2016 when the team reached the final, with Kohli leading from the front scoring 973 runs including four centuries. It is the most runs by any player in a single edition of the IPL.
Congress leader and MLA Charanjit Singh Channi on September 20 took oath as Chief Minister of Punjab. Two Deputy Chief Ministers — O.P. Soni and Sukhjinder Randhawa — also took oath along with the Chief Minister.
Punjab Governor BanwarilalPurohit administered the oath of office and secrecy. Chief minister Amarinder Singh had recently resigned from office.
Mr. Channi is the first Dalit to head the government in the State. He was Technical Education Minister in the Amarinder Singh Cabinet.