While higher depreciation and tech investment costs pushed up the losses, Ruchit Agarwal, cofounder and CFO of the SoftBank-backed used car platform, said technology improvement has helped increase user conversion. Cars24, which counts Spinny, CarTrade Tech and CarDekho among its chief competitors, is eyeing better margins from growth in its ancillary businesses. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
