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2020 was a good year for Cars24, founder says bold decisions amid lockdown helped it become a unicorn
In November 2020, the company turned unicorn despite an economic slowdown brought about by the pandemic. (In pic: Mehul Agrawal)
Synopsis
While businesses felt the brunt of the pandemic, one start-up went on to become a unicorn.
In 2015, four friends from Gurugram Vikram Chopra, Mehul Agrawal, Gajendra Jang id and Ruchit Agarwal formed Cars24. Five years later, in November 2020, the company turned unicorn despite an economic slowdown brought about by the pandemic. Here are the four things Agarwal says they did, which helped them: