Cars24

Pre-owned e-commerce platform Cars24 recently saw some high-profile exits, including its global CTO Jitendra Agrawal and business head Kingshuk Sanyal who have left the company to pursue other things.In a LinkedIn post, Agrawal who joined the company in July 2021, said he will be moving on from Cars24 in the next few months."I joined Cars24 with a specific goal to help the team scale multiple countries at once - a particularly challenging task because, as an eCommerce company with complex execution, we built each country…

One of the biggest used cars e-commerce platforms is the Cars24 which is a Gurugram headquartered online used car marketplace. Recently, the Softbank and Alpha Wave Innovation backed online platform sacked 600 of its employees, despite moving ahead with its extensive international expansion plans. A spokesperson from the company in its official statement said, “This is business as usual – performance-linked exits that happen every year,”. He added the move by the company cannot be labelled as a “layoff” as most of the…

Pre-owned e-commerce platform CARS24 on Thursday said that around 600 employees have been let go based on their poor performance and not owing to any “cost cuts”. Calling it “business as usual”, the company. which has a nearly 9,000-strong workforce, and is in the process of hiring more globally, said its business is actually growing in India, the Middle East, Australia, and Southeast Asia. “This is business as usual as these are performance-linked exits that happen every year,” the company said in a statement shared with…