Gurugram, Sept. 12 -- Cars24 recorded a strong August, with transaction GMV reaching Rs.937 crore, up 37% year-on-year and 11.1% month-on-month. This takes the company to an annualised GMV run rate of approximately Rs.11,000 crore.

More importantly, adjusted net revenue grew faster than the transactions flowing through the platform. Adjusted net revenue reached Rs.173 crore in August, up 46% year-on-year and 16.4% month-on-month, putting Cars24 at an annualised run rate of over Rs.2,000 crore.

That gap matters. It reflects the evolution of Cars24 from a platform that helped people buy and sell cars into one that increasingly earns across the ownership journey: financing, insurance, vehicle information and other ownership services. The c...