SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry
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SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry

By Dilasha Seth

  • 12 Sep 2023
Premium
SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry
Abhinav Gupta, CEO-Gulf region, Cars24

Indian used-car online retailer Cars24 aims to turn its UAE operations profitable by the second half of 2024 and then explore re-entering Saudi Arabia, a market it decided to exit in April this year, a top company executive told VCCircle.  Cars24, which forayed into the Middle East two years ago, has already deployed ......

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